The weekly price floor of the ruble will definitely be tested again (0.006544).
The price at its weekly bottom is completely empty of buyers. Shadvi Boland is also a confirmation of this.
But now is not the time
At this time, due to the Israeli-Palestinian war, the ruble has a price break and can experience growth.
But Russia is getting weaker and weaker.
Not...
The Russian Ruble is represented on an inverted, logarithmic scale vs.the G/S & G7 currency basket, where a rise in price levels on the chart indicates an irise in the Ruble.
For all the widely known reasons the Russian Ruble remains a remarkably accurate yard stick of the march of imperialism and the states of various hegemonies ("Globalization", in short) for...
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".
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...
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.
Looking to bet on Ruble weakness this coming week based on technicals. The pair looks oversold and we seem to be double bottoming on the daily. Buy stop at 64.50 with stop at 60.79 will mean I only get taken in the trade if I am right. targeting the blue zone. R would be 2.73
Checkout the V sharped recovery of RUB/USD. This chart marks the day (and dump of Ruble against Dollar) of Russian Special Operations in Ukraine to present.
Are the collective wests sanctions devastating the Ruble?
RUB/USD Ruble Surpases Pre-Invastion Standing Against USD
The chart breaks down a timeline of major events on daily chart. Feel free to comment with events that could be added.
Weekly Time-frame
Bitcoin pump! Is this a sign for the rally to the upside? 82% of Bitcoin short are now in loss. Is this a sign to the upside or it will trigger a dump? We don't know. What we know today the Greed and Fear index is in #24. Which is Bullish.
1D Time-frame
Daily time-frame we have reach the bottom already. We can expect more to the...
if you haven`t read my first article when i expected the 86 level to be reached after the Russian ruble was no longer aligned to Crude Oil price:
or the 95 target after the Ukraine invasion:
this time i expect, considering all the sanctions and the fact that exchanges are selling USD in Russia for a price at least 30% higher than the forex market; i even saw a...
Apparently ruble will strenghten. Today I was asked if I recommend converting ruble savings to euro. It signals that the local top is in place and until mid or end March there will be the silence before the storm.
