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...
Hello. On the USD/RUB pair, a technical analysis pattern of an ascending triangle is forming.
We have two potential scenarios.
The first scenario is that if the ascending trend line is broken and the price consolidates below it we can expect further price decline to the Fibonacci level of 0.618 or 66 RUB/USD. On the chart it is noticeable how the support levels...
Weekly Time-frame
We are still in the Demand and supply area until one gives way either to the upside or to the downside. Trading area $48,000 to $46,000. We might end up having a dump this April fools and create a Flip zone instead of Rally Base Rally.
1D Time-frame
We are not yet overbought in 1D TF. But the rejection from $48,200 sting a lot that...
if you haven`t read my first article when i expected the 86 level to be reached after the Russian ruble was no longer aligned to Crude Oil price:
or the 95 target after the Ukraine invasion:
this time i expect, considering all the sanctions and the fact that exchanges are selling USD in Russia for a price at least 30% higher than the forex market; i even saw a...
Apparently ruble will strenghten. Today I was asked if I recommend converting ruble savings to euro. It signals that the local top is in place and until mid or end March there will be the silence before the storm.
With high inflation above the Russia Central Banks 4.00% inflation target.
Markets are currently pricing in two interest rate hikes from the central bank over the next 6 months.
This will make short-selling EUR/RUB and USD/RUB very attractive to yield-seeking investors.
In this video, I break down both trades in detail.
The market has created a clear double top on the fib retracement level and currently is testing a support structure.
Price is still supported by the ema 21 and the upper channel.
When the price will manage to break below the structure and consequently below the ema and also break the channel we can set a nice short order according with our...
The market after a long downtrend has now broke the trend line and currently is moving in a side range.
If the market will manage to break and close the resistance structure we can look for a long order according with our strategy with possible first target at the next resistance structure.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis...
So many talks about RUB and Oil last days.
Well, as for oil - was waiting this downtrend since January , a lot of people told me that im incorrect and USOIL will go up... now its about 30$ per barrel, and im sure that this is not the end ( ofc oil will make a correction before going down again).
And now ruble . In 2018 we've made wave (1) and whole 2019 was a...
I will keep this one quick as it is Friday afternoon... its clear that high beta has been in demand from some faster hands of late. Nothing of meaningful weight in the ladder, I think we will test the highs before pulling back. Another technical break to the topside in play with some strong US data. This looks set to test the highs in USDRUB for now. Tactical long...
A very advanced playing field in commodities and commodity currencies and with offshore sharks on the sell side in USDRUB there is a lot more room to go. The highs at 63.50 will act as strong resistance while to the downside initial targets located at 62.7x, 61.5x and the final swing clear at 60. This is the same levels from the previous diagram:
No surprises...
Pattern: Based on the 1W RSI, it is repeating a pattern seen in 2016/ 2017.
Signal: Bullish as the price appears to have made a bottom on the 69.800 Support.
Target: 73.500 and 77.300 (0.618 Fibonacci retracement) for longer term.
