The common European currency is surging against the Ruble in an ascending channel pattern. Although the pair has already bounced off the upper trend line of the channel, it has not begun to form a new short term descending pattern. Instead the Euro found support in the 38.20% Fibonacci retracement level at the 67.71 level against the Ruble. As a result a surge...
The US Dollar has been depreciating against the Russian Ruble during the last month. However, recently the currency exchange rate has reached the support line of a dominant descending channel pattern. The dominant pattern has a very small angle of decline, which means that most likely we will soon see the formation of a new ascending junior pattern. However, the...
Finishing ABCD Pattern, I expect oil and gas rebound from bottom that will help RUBLE for sure!
The target level of the first consolidation has not yet been reached. Now a new consolidation is being formed. The target level of the new consolidation may become the main one. A good price for opening a second long position has not yet been determined.
The US Dollar is gaining ground against the Russian Ruble in an ascending channel pattern. However, it can be observed that the currency exchange rate is approaching the upper trend line of a long term descending channel. Most likely the currency pair will be pushed into the trend line by the support of the 55 and 100-period simple moving averages. Both of the...
Looking forward for a reversal in Euro / Ruble pair in a short time around low 60s levels. Watching for a MA(14), as even 1 bar breakout can result a change of movement. To be continue with UPDs after mid-March expiration. Our initial target is at 80 lvl.
Ruble will probably gain in value due to rise ukoil caused by opec oil production cuts which is most likely.
Russian Ruble has recently touched 4.5-month high, but the oil rebound gives the currency the hope to appreciate again. And the chances for oil surge are growing. There are several factors that may affect oil moves from verbal interventions to the EIA stocks change data and oil rigs. We have already seen data from the EIA this week. The OPEC officials still keep...
A downward trend in oil may help to weaken the ruble.
USDRUB is in a consolidation pattern looking to break out. The consolidation is getting tighter and tighter. Look to go LONG or SHORT once a direction is found. If it breaks below, I will go short and hold for a long time because there is very little support beneath 48. (My bias remains on the downside but only time will tell.)
LONG USDRUB FOR 175 According to DXY index, WTI & Brent oil prices and the huge traded volume of RGBI Index, we're going to see 175 Rubles per US Dollar. DXY 110 - 120 USOIL 10$ - 20$ USDRUB 175 - 250 Rubles
Here's long term projection for ruble/barrel (ukoil * usdrub) aka rublebochka, DXY adjusted.
Quite often the first idea in your mind is correct, call it divine providence but it works. So the more I am analyzing corrective structures the better should be labelling ))). So this detailed count of what was seen last September - into related ideas below. The target is conservative at 44 RUB where Y=W.