Looks like a nice wedge forming at a long term support zone here. Going to try a small size now and sit and wait for this to play out. The red zone could still be a resistance. With wedges like these, they usually play out, but they can make a false breakout to the downside first as well. If this happens, it's important to see a good bounce up as well, like a...
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...
Two ways to move the dollar you can see on the chart.
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.
I want to better understand US-Russian relationship. I want to know what I can learn via the currency.
My vision and knowledge based on elliott wave theory, and I see usd/rub making a new low at 62-63. After that I am expecting USD to rise again. Currently we are in wave c of abc of 2 wave. Have a nice ride!
The Russian Ruble has been depreciating against the US Dollar since the beginning of October. This movement has been bounded in an ascending channel. Currently, the currency pair is testing the upper channel line at 66.40. If given channel holds, a reversal south occurs in the nearest future, and the rate aims for the support cluster formed by a combination of...
The Russian Ruble has been appreciating against the US Dollar after the currency pair reversed from the resistance level formed by the monthly PP at 67.17. This movement has been bounded in a falling wedge. As apparent on the chart, a breakout from the pattern should occur in the nearest future. From a theoretical point of view, the exchange rate should break...
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.
The Russian Ruble has been depreciating against the US Dollar since early August under the pressure from new the US sanctions. At the time of this analysis, the exchange rate had reached the lower boundary of a short-term ascending channel near 67.20. It is very likely that an upside momentum starts prevailing in the nearest future as the 55-period SMA (4H) push...
USDRUB has broken the previous Rectangle on 1D to the upside (RSI = 67.004, MACD = 1.132, Highs/Lows = 1.0010, B/BP = 2.0066). However the currently High Volatility on 1D (ATR = 0.9168) as well as the overbought action on 1W (RSI = 73.797, STOCHRSI = 76.158, Williams = -15.552, CCI = 219.8375) indicate that the pair may enter another consolidation phase/...
USDRUB was rejected on the 1D Rectangle's 64.256 Resistance (RSI = 52.926, Williams = -52.791, CCI = 5.3115, Highs/Lows = 0.0000). The price should continue lower (4H Highs/Lows = -0.4588, B/BP = -0.6594) towards the 60.600 Support. Our TP = 61.470.
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
Assuming the USD (DXY) continues to show strength in this week and in the near future, I will be looking to enter this market as a slightly longer-term position. If I don't get my desired entry around the 0.382 fib level, an alternative (and potentially safer) entry would be to wait for confirmation of a breakout to the upside and likely retest resistance.
The US Dollar has started to gain strength against the Russian Ruble after the pair reached a five-years' low of 55.58. However, the surge was stopped by the weekly R2 at 58.62. After reaching the 38.20% Fibonacci retracement level, the exchange rate made a U-turn south and has since been trading in that direction. A new junior pattern has been drawn to monitor...
The US Dollar has continued to decline against the Russian ruble, as expected. The currency exchange rate has reached the previously set target of 56.13. The target was chosen as it represents the low level of August 2017. Moreover, it consists of various other levels of significance. For example, an inverse Fibonacci retracement level of past high and low levels...