It seems that we'll see reversal point at USDRUB soon and beginning of a new uptrend. Expected oil downward correction will serve as a further confirmation for that idea.
It seems that the 2nd wave is done (or we're in ending) and we're going to see 113 rubles per dollar in 3 to 6 months.
It seems that the 2nd wave is done and we're going to see 107 rubles per dollar in 10 weeks.
FXMM continues growth after breaking 1220 resistance. It is building a bullish 5-wave pattern unless it breaks below broken resistance point (dotted red). The bullish momentum can mark the start of the new uptrend that can last for several years and most likely complete wave 5 at 1.618 fib level(1301.09). A bullish breakout above this level could see wave 6,7,8,9...
I will be buying the Ruble with Euros since I think we have tremendous downside potential as well as excellent yields as a carry trade. The setup is to determine size on each leg of the pair using 1 month ATR, or 3 times the daily ATR value, and then proceed to short the EURUSD and short the USDRUB pairs to profit from this juncture. You could look for a technical...
Brent crude has been able to rally on little volume during the U.S. banking holiday and rumors surrounding a potential unified OPEC production cut, issued by the UAE energy minister just as WTI was carving out a 12 year low (and in the middle of the night, local time, no less.) Four days later, there has been no new reports of said production cut proposal, but...
Another way to go long oil for a short term bear rally. Short USDRUB (VIA long RUR single contract per $100,000 of capital) @ .01268 for contract or the equivalent of ~77.4 USDRUB Risk is .67%
I am setting a buy stop at 67.04, with SL at 65.33 and TP at 71.39. The main reason - high amount of external debt to be repaid in December combined with lows in oil. I will also use ATR-based trailing stop here. More details on the trade and timely updates on its course: www.earnforex.com
USDRUB continues to trade within borders we defined in our last update, however the range has narrowed. (see related idea) As volatility compresses, and the price is trading between upper 1st standard deviation from 1-year mean and lower 1st standard deviation from quarterly mean, there current range now is 62-66.5 USDRUB is very correlated to WTI Oil, which is...
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS. India has felt its share of...
The symmetrical triangle pattern on D1 chart of USD/RUB provides an opportunity for a bullish breakout. The pattern's borders are yellow lines. My potential entry level - cyan line. My potential exit level - green line, or gray line if I am feeling too conservative. Stop-loss is to be set on the low of the breakout bar (not shown). More information, chart...
WTI Oil measured in Russian Rubles reveals some hidden truth behind USDRUB rate against the background of falling Crude prices. The idea of Ruble devaluation is to hold oil price measured in Rubles within 1st standard deviation from 1-year mean. (current target range is thus 2800-3475 Rubles per barrel) Basically such policy creates PERCEIVED budget stability,...