The pound hasn't been consistently lower since 1985. Mr Gove told reporters earlier: a “no-deal Brexit is possible”. Boris Johnson is refusing to sit down for talks with EU leaders until they agree to ditch the Irish backstop from the Brexit withdrawal agreement. Entry-Exit will cast approximately $ 1.2 billion. Well, Europe is satisfied with the current deal...
Boris Johnson became UK prime minister after the decisive Tory vote. He beat Jeremy Hunt comfortably, winning 92,153 votes to his rival's 46,656. What does this mean for a pound? The entrance to the turbulence zone. The Brexit negotiations, which were essentially frozen for several months, will again enter the active phase. Johnson is known for his attitude to...
Yesterday was not that eventful for financial markets. As for the general background, the Chinese state media that Sino is ready to make concessions to the United States (mainly, it is about importing food from the United States) and is preparing for “personal” negotiations with the United States instead of current telephone diplomacy. In the oil market, despite...
The dollar we recommend to sell against the main currencies duo to reasons absence (we still see no reasons for the Dollar Index new highs ).With the exception of the Canadian dollar. Extremely weak data on the labor market in Canada, published on Friday, amid excellent statistics on NFP from the United States, together with today's meeting of the Bank of Canada,...
The pair has been trading inside a very clear 1W Channel Down (RSI = 42.482, MACD = -0.781, Highs/Lows = -0.2727) since the start of 2019. Clear Lower Highs (for sell entries) and Lower Lows (for exits). Such is the most recent rejection at 73.3540. We are short targeting 71.700 which is the 1M Support (Resistance until April 2018, Support since and until this...
After previously tracking the reversal (see attached: "Another key reversal in play in USDRUB") finally the break of 65 has come. From a technical standpoint this was important as it unlocked the 62.5 lows. Russia has been one of the out performers on the currency board so far this year and I continue to see scope for more gains, irrespective of the very near...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the reversal pattern that its forming on lower time frame and watch strong price action for buy.
Going to the next bearish station at 124/5 by mid-Feb 2019 as it shown
Target 1: 89 (+33%) Target 2: 99 (+50%) Good luck :)
EURRUB is trading on a very long term 1M Channel Up (RSI = 58.841, MACD = 1.999, Highs/Lows = 1.2013, B/BP = 6.7532), which is near pricing a Higher Low (est. 74.855). Buying here is a good long term investment with three targets, 80.645, 81.965 and 82.930.
Hello traders! Today we will talk about pretty clear Russian Ruble. From a technical perspective, we see very interesting price action and wave structure based on Elliott Wave theory. Let's start with Weekly chart: In EW theory, after every five waves, a three-wave correction follows and as you can see, USDRUB is turning down after five waves up. So, we can...
Both 69.000 and 66.000 got hit as USDRUB first rose and the pulled back within the 1W Channel Up (RSI = 59.930, MACD = 1.888) to price a Higher Low at 64.900 (Highs/Lows = 0.0380). The next Higher High should be near 74.000, so our long TP is a little lower at 73.000.
=> Russia remains under pressure here after suspending FX purchases through to the end of September => The circus from the Whitehouse will be back from recess shortly and will likely impose further sanctions against Russia, this will increase appetite for flows outside of RUB and similarly to the logic in ZARJPY we are using JPY as a beneficiary of these risk...
It could be the end of a long-term correction in USDRUB pair as an Ending Diagonal pattern has been spotted on the chart.
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) drive.google.com Best regards :) Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 58 SHARE INDICES worldwide (2016 Yearly Performance) @ drive.google.com Best regards Aaron