T1 Trendline. If price will cross this trendline, we can expect another rally of RUB to 77.72
The pair is trading in the triangle which is also a bullish flag. With the oil that low and the ruble being an oil currency, one might expect a bullish breakout. There is a small local long inside the triangle, but I would actually hold it, waiting for the bullish breakout and add to the position then as the positive balance of the first one will give me a good...
See weekly chart in related ideas for macro context. Expecting $USDRUB to play out in similar fashion.
$USDRUB futures is having hard time with that resistance level. We need to reclaim 78500 if we are to see higher prices. Still in spot long, but good place to hedge.
Bias: USDRUB: up. US Stock market: down.
The price broke up the Triangle and can rise from this place to the next Key Level 75.5. We can open Buy if it will make a pullback to Buy Zone. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
Low time frame channel I'm watching. What comes first: breakout or 72ish?
Still in hedge short to protect US stock profits, but from the looks of $ES and $CL $USDRUB is going to 100. Could test the middle of the channel like it did last time or breakout from the falling wedge shortly. Ready to flip long.
I updated the chart as structure changed from earlier pattern (see related). Double three W-X-Y extended the consolidation. I think crude oil (see related) will dip again so its natural that USDRUB will move higher for ruble weakness.
You will learn the best place where we can trade USDRUB at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends push the like button if you like the idea - that would be the best THANK YOU. Thank you for your support, I Love it.
Watch for the pullback to meet the Ruble for the price range 72-69 during this year.
Look at the price action of USDRUB pair in comparison to OIL price. RUB is fulle dependent on oil price which makes me think that the next few days OIL is going to have a walk to 22$ and rubble will be somewhere around 85-90 for 1 usd. Let's watch it close, guys. Stay safe!
RUB had a great volatility in the last month. After performing whole impulse (87 or about), a relative stability will come....
There is a strong Resistance Key Level 75.484. If the price will back to it we can look for Buy entry. The best trade will be after the false breakout. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
Previous ideas reached the targets (see related). But this pair didn't fully emerge therefore I expect it to retest the former top of Y2016 at 85.90. It will be wave 5. Wave 4 is unfolding now and it could be flat/zigzag or a triangle as in the larger degree preceding correction.