Yesterday, the markets continued to watch with bated breath what was happening around the negotiation process between the US and China. Just before the start of the American session, a sigh of relief swept over the financial markets. It is about Trump's tweet, that the Chinese would come to Washington to conclude a treaty. But this time no aggressive rhetoric. The...
The pair has been trading inside a very clear 1W Channel Down (RSI = 42.482, MACD = -0.781, Highs/Lows = -0.2727) since the start of 2019. Clear Lower Highs (for sell entries) and Lower Lows (for exits). Such is the most recent rejection at 73.3540. We are short targeting 71.700 which is the 1M Support (Resistance until April 2018, Support since and until this...
The best day for the pound over the past six weeks. Sum up, the result of its growth was the highest among the 30 other currencies on FOREX. Causes - a general correction in dollar pairs and possibility of Brexit progress. It is about the progress in the negotiations between Government and the leaders of the opposition Labor Party. As a result, by the middle of...
Russian Ruble: During breakdown of the first candle. growth is same size of candle. ( TD ) Current candle is big. So we size a little different. Daily chart Current = Trend is down MN = time frame We have a big candle (First candle (TD)) I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade zone/support for fixing deal = Target is 61.39...
Latest information about the US. The USA intends to reduce oil exports from Iran to 0. Thus, the upward movement in the oil market received a new impetus. So, our attempt to catch the correction at the very top was clearly premature. But first things first. According to the Washington Post, the United States no longer intends to grant preferential permission to...
In general, the previous week was relatively calm. As a result, the volatility index of exchange rates, which is calculated by the investment bank JP Morgan, fell to its new minimum since 2014. For instance EURUSD. Since the beginning of 2019(that is already 3.5 months), it has been fluctuating in a range of width less than 400 points (such a range a pair could...
The relative calm of financial markets on Thursday. Important statistics were not published yesterday. There is nothing expected to change the current situation on Friday. So, it means we continue to work in the previous vein. While there is a cooling-off period for the main issues of concern, let's talk a little about the future of the oil market. The...
April 12, 2019 is the official Brexit date. There are two options: leaving without a deal (both are afraid of it, Britain and the EU, therefore, we regard this outcome as highly unlikely) or a delay. In our opinion, the second option is alternative. It is all about the terms. The EU summit will show whether it takes a year, as the EU wants, or a couple of months,...
The Russian currency has gained 5.7% against the Dollar thus far this year, following a large depreciation in December, resulting from an anticipation of more Western sanctions. The Ruble regained its strength in January though as the continuation of the US government shutdown and expectations of a global slowdown made the currency look more attractive. Most...
This scenario is in play if we break 71 USD: We are most likely in an impulsive wave 5 starting February 2018. Looking at its internal waves, expect the inner wave 5 to extend to about 80 USD, because wave the internal waves 1 and 3 are almost equal. Other reversal zones to look out for are 75 and 85 USD. In this scenario, the price action from 2015 to 2017...
Going to the next bearish station at 124/5 by mid-Feb 2019 as it shown
My vision and knowledge based on elliott wave theory, and I see usd/rub making a new low at 62-63. After that I am expecting USD to rise again. Currently we are in wave c of abc of 2 wave. Have a nice ride!
Is the theory of Turkish lira for the Russian ruble happening ? The question is relatively difficult ------------------------------------------------------------ This is my article about the Russian ruble today Can the theory of Turkish lira be for the Russian ruble happening ? This question is according to many questions of people I'm reviewing this...
Is the theory of Turkish lira for the Russian ruble happening ? The question is relatively difficult ------------------------------------------------------------ This is my article about the Russian ruble today Can the theory of Turkish lira be for the Russian ruble happening ? This question is according to many questions of people I'm reviewing this...
Target 1: 89 (+33%) Target 2: 99 (+50%) Good luck :)
The divergence betwen the ruble and oil suggests a sort term correction down to the lower trend line, but the long term outlook for oil is bearish, sanctions are likely to add up against Russia, and a strenghtening usd will weight on the ruble. Hence a breakout of this symetrical triangle on the upside within 1 year is the most likely scenario
EURRUB is trading on a very long term 1M Channel Up (RSI = 58.841, MACD = 1.999, Highs/Lows = 1.2013, B/BP = 6.7532), which is near pricing a Higher Low (est. 74.855). Buying here is a good long term investment with three targets, 80.645, 81.965 and 82.930.