The divergence betwen the ruble and oil suggests a sort term correction down to the lower trend line, but the long term outlook for oil is bearish, sanctions are likely to add up against Russia, and a strenghtening usd will weight on the ruble. Hence a breakout of this symetrical triangle on the upside within 1 year is the most likely scenario
The main attention on Monday was riveted to the pound. And if in the first half of the day the reason for this was the publication of quite good statistics on UK GDP (+ 0.3% m / m + 0.6% q / q forecast: + 0.1% m / m + 0.5% q / q June: + 0.1% m / m + 0.4% q / q), then after lunch the pair's growth driver became the news from the Brexit fields. We have already...
Is it really hot autumn?
See how price is reacting to the WL1 of the orange & white Fork? I think it's time to put that pair on the watchlist... P! Emilio
SELL NOW WITH STOPLOSS AND TAKEPROFIT
Hi guys. I think this is a pretty remarkable situation. Not going to comment here but I'm puzzled by the big picture. Have a nice day.
USD/RUB TARGET 150 by year 2020 Current price 58.82
it is going to spend a correction then it will move up to finish the wave C of wave 2, after it will go down wave 3...
A downward trend in oil may help to weaken the ruble.
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (most 39 traded currencies) while march `17 @ my GOOGLE Drive drive.google.com i will update this 4XSetup while start of month - in may `17 - again :) Best regards! Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (worldwide most 39 traded currencies) of 2017 @ my GOOGLE Drive drive.google.com i will update this 4XSetup while next month - sometimes in march`17 - again :) Best regards! Aaron
Short set up. Think oil is a short? This pair is a useful proxy.
Looking to add to short. Back to 50% retrace for the recoil trade (RangeA). Also up at 0.786 on recent drop (RangeB)