I expect the reversal soon as strong bullish divergence has been accumualted on MACD
and the price almost reached the trendline support, which was awaited earlier (see related chart).
The wave Y (yellow) could rocket to the RUB 76 area where Y=W.
It will be a huge devaluation.
Here markets are starting to see shorts pick up momentum, this has been a very very easy ride so far since our initial entry (see diagram):
Oil has drastically sold off, and risk sentiment in the M.E is fading. While we failed to clear 70 we managed to unwind some at...
Caution is required from the thin market perspective also we expect an increased likelihood of volatility explosions on the market.
As we turn to 2020, the year promises to be extremely difficult and eventful. Whether this year will be a year of crisis, we will see, actually we would bet on a crisis. In this regard, we expect massive sales on world stock markets,...
Monday turned out to be a relatively calm day for the foreign exchange market. The euro and the pound could not reach Friday's peaks, due to the weak macroeconomic statistics.
For example, in Germany, the PMI in the manufacturing sector fell to its lowest level in the last couple of months and amounted to 43.4. This confirms that the largest eurozone economy is...
Looks like the resistance at 0.0000828 BTC is holding that retracement.
Keep on eye on that possible breakout or leave a Stop Market Buy!
Take Profit= 0.0000921
Stop Loss= 0.0000799
Risk/Reward Ratio= 1:1
WAVES is getting ready for uptrend, don't miss that opportunity to enter with BTC for mid term.
Plus, it's a Russian technology and Ruble (RUB) trading pairs have been added in Binance, could be the cause of the recent pump in lower timeframe!
Entry= 0.0000740 - 0.0000760
Take Profit= 0.0000799 - 0.0000849 - 0.0000899
Stop Loss= 0.0000699 or less
EXPRESS Long-term and medium-term forecast for USDRUB
This idea is open and published as part of my content promotion. I draw your attention to the fact that from 11.11 all forecasts are only in the closed channel.
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The Ruble has been in a steady uptrend for a while now.
It's no secret that Russian debt, lowest of developed nations (Roughly $200B) is so low now that Russia claims to have enough cash on hand to cover their debts completely. After the last Russian economic crisis, policies under Putin have sought to eliminate debt and generate faith in the...
From my point of view, current market situation allows ruble to gain another 5% vs US dollar and reach 63 figure level, from where it can continue down to 61 figure area, where the massive upward support is located.
Since 2016 we have been watching at the forming of the global triangle. Now the price is ready to show a quit from it. Try to seize this moment and catch it!
Target above 67.2 is 74.1, stop 65.1 (Risk/Reward Ratio - 2.75)
Target below 63 is 59.2, stop (Risk/Reward Ratio - 1.41).
This summer can not be called calm. Nonetheless, increased volatility and uncertainty are advantages. There are excellent trading opportunities every day, of course, if you understand what happens in the financial markets.
Recall China lowered the value of the Yuan below its 7 to 1 peg against the dollar in response to a new series of U.S. tariffs. China Halts...