At first glance the situation on the USD/RUB charts looks chaotic. However, if one delves deeper into understanding the currency exchange rate, it is clear what is occurring.
First of all the pair has made a rebound against the most dominant ascending channel patterns lower trend line, which is combined with the 23.60% Fibonacci retracement at the 56.95 mark....
During the recent trading sessions the US Dollar has made a rebound against the Russian Ruble. Due to that reason a surge is to be expected. However, various details reveal that the bulls might still pass this rate.
First of all the pair is still located in the borders of the junior pattern channel down pattern .That means that it’s upper trend line will continue...
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...
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.
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...
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
