As widely expected USDRUB selling off from the 64.2x highs and a good time to collect half our chips from the table. Well done sellers, a textbook zigzag and flawless trade since the channel breakup so far. The spike was a textbook flushout with US sanctions acting as the catalyst....
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...
As widely expected we got a test of the highs at 64.2x once the channel was broken (see diagram). The ladder is light and I like to play this tight range and look for a test of the lows.
"Eyes here, looking to sell 64.2x on the day..." - This is currently in play,...
Now bull's reserves have been activated and exhausted, the diagonal swing towards the new lows at the key 60 handle is the aim. This momentum play is a characteristic impulsive swing. The moves constitute a great example of the lust to exploit the brilliant effect of technical analysis, because of the accuracy that is endowed with incredible resilience....
I expect the reversal soon as strong bullish divergence has been accumualted on MACD
and the price almost reached the trendline support, which was awaited earlier (see related chart).
The wave Y (yellow) could rocket to the RUB 76 area where Y=W.
It will be a huge devaluation.
Hello everyone! As you can see MOEX:VTBR we are on the home stretch of declining. Here is two buying opportunity: first - on the bottom near 0.0314 RUB, second - on the breakout of very important level 0.041 RUB. Market will show us which one of them will chosen by crowd.
Why we have a triangle form (1) of the profile?
Because of the massive wall (2) of the Buy-Limits orders below 4k level.
This is why we have POC line under 4k line.
The majority thinks: "OMG, this stock is going to hell! It broke down 4k, it likely to go to 3k! I should sell it!"
"Thank you for cooperation! I buy it" - say professional.
This is why an army of...
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...
Here markets are starting to see shorts pick up momentum, this has been a very very easy ride so far since our initial entry (see diagram):
Oil has drastically sold off, and risk sentiment in the M.E is fading. While we failed to clear 70 we managed to unwind some at...
The pound had dropped below 1.30 earlier in the week. AUDUSD gained a foothold above the resistance level of 0.6900. If this breakdown turns out to be stable, then a wide space opens up for the AUDUSD for further growth to at least 0.7020 or even 0.7200.
Since AUDUSD is above 0.6900, its purchases seem to us profitable. But in any case, remember the Australian...
#1 mid-term trade should enter a long from current levels with a stop loss at 230 and a take profit about 250;
#2 mid-term trade — short from 228 with a stop loss at 233 and a take profit about 205;
EXPRESS Long-term and medium-term forecast for USDRUB
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This idea is open and published as part of my content promotion. I draw your attention to the fact that from 11.11 all forecasts are only in the closed channel.
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Here we go for a round of EM FX market updates and with Oil on the move first up USDRUB.
After the doldrums of Thanksgiving liquidity is starting to enter back into play, although with market out of position there is no need to overload exposure. The USD tide is turning and clients here are pressing the buy side on RUB crosses to play the dollar sell-off.
More...
WE BUY RTS FROM 1280 WITH A PURPOSE OF 1400, $ 120 FOR A LOT.
BY OCTOBER 16-23 WE EXPECT THE ENTRANCE PRICE, RSI WILL ALWAYS BE CLOSE BY 30,
WHICH INCREASES THE PROBABILITY OF THE Bounce And INDEX GROWTH.
Hello Traders!
The Ruble has been in a steady uptrend for a while now.
It's no secret that Russian debt, lowest of developed nations (Roughly $200B) is so low now that Russia claims to have enough cash on hand to cover their debts completely. After the last Russian economic crisis, policies under Putin have sought to eliminate debt and generate faith in the...
