my prediction, DXY is in an expanding wedge with 3 solid hits on the bottom. 4 times breaks. I think the DXY will take a fall down to 104 and reject on DEC 6th which is where the double channel bottom and horizontal support meet. the RUBLE has rejected off its new resistance and needs to fall as well. THE dollars are rolling over the the money will flow into crypto.
#FOREX #CNYRUB
Good Saturday night to everyone!
What's happening now? The Central Bank of the Russian Federation continues to keep the ruble exchange rate in manual control, which is why we are observing a protracted lateral movement.
But now we will not dive into the fundamental wilds of why, why and who benefits from it, but just see what our trading system...
Ruble vs USD with Special Military Operation News in Chart including the recent Nord Stream event.
This is just for historical reference and not a political statement. The Ruble makes all the statement possible anyway : )
Enjoy.
in my opinion the strengthening of the GEL is due to mainly the Russian migration or moreover the Russian escapee from their homeland cause of the global sanctions imposed on them, and Georgia is the one & only country on earth that has this easy visa politic towards Russia, long story short, they couldn't find a better country to become permanent residents...
Basically Russia is demonstrating power with their military operations in Ukraine which is important for your fiat currency. So that is a win for the russian ruble. They are also loosely pegging it to gold which arguably makes a fiat currency ever so slightly stronger. So thats another win for the ruble. Russia also has a significant energy surpluss so its a good...
After an expected dump a V shaped recovering quickly took place.
The chart has notes on happenings along the way.
In an upward trend RUB/USD looks to have a firm foundation at +25% after 170 days since the start of "Special Operations".
Wait a minute...
Why is the RUBLE / Bitcoin chart not playing the same game as everyone else here...
RUBLE/BTC is in a bullish ascending triangle while everything else is in a bearish ascending channel... manipulation?
It's funny how the economy works, it's literally like war 💥, the Yuan will get a 400% appreciation with respect to the Russian Ruble, for the Bitcoin Halving dates (2024). 💎
Top left BTC longs
Bottom left BTC USD chart
Top right RUBLE RUBLE USD chart
Bottom right RUBLE BTC chart
the RUBLE BTC chart is highly correlated with the BTC chart. The liquidations were added as the Ruble price rises and it looks like they were adding margin because it doesent show liquidations, just a run up and flat, run up and flat. I believe they are at a...
The truth is that the most likely answer is yes, the Ruble will keep going higher. Russia is a massive commodities exporter, from oil & gas, to wheat, and therefore there is a constant bid for its currency due to the natural demand for its resources. As Russia is hit by several sanctions, it is very hard for them to buy stuff from outside of Russia, and therefore...
When the price level is crossed (line 1), the price will decrease. Options for corrective price growth are shown in the figure. Revision of the forecast when price levels are reached (line 2 and line 3), if necessary.
Ruble is in Beast Mode against US Dollar.
Recent dip, but still strong and above all meaning moving averages on the 3 day chart starting at "Special Operations".
The Ruble is dumping a bit against the USD.
For some reason (maybe because the DXY is pumping) USOILSPOT, Gold, and Silver are dumping today along with yesterday.
world isolation is biting hard on their economy as their balance sheet will shrink to imminent default. Sustaining the balance of war and healthy economic growth is impossible under current conditions.
