As the US Dollar continued to lose ground against the Russian Ruble a major development occurred. The currency exchange rate passed a very significant support level near the 57.60 level. At that mark a 61.80% Fibonacci retracement level met with the support of the most dominant ascending channel pattern. However, that is no longer the situation. Instead the...
At first glance the situation on the USD/RUB charts looks chaotic. However, if one delves deeper into understanding the currency exchange rate, it is clear what is occurring. First of all the pair has made a rebound against the most dominant ascending channel patterns lower trend line, which is combined with the 23.60% Fibonacci retracement at the 56.95 mark....
During the recent trading sessions the US Dollar has made a rebound against the Russian Ruble. Due to that reason a surge is to be expected. However, various details reveal that the bulls might still pass this rate. First of all the pair is still located in the borders of the junior pattern channel down pattern .That means that it’s upper trend line will continue...
The US Dollar has been depreciating against the Russian Ruble during the last month. However, recently the currency exchange rate has reached the support line of a dominant descending channel pattern. The dominant pattern has a very small angle of decline, which means that most likely we will soon see the formation of a new ascending junior pattern. However, the...
1. Volatility is very low 2. Oil has strong downward potential Long and wait until 58. After break 58, we can reach 60-62.
That bullish divergence on Daily timeframe could long 4 months... Following the pair to add long-term longs but no position for now
wow first aim is 55 till next month. if we drop down from 56,55 high level is 60,43
I went long from the 63 area. Tight stop. Looks like sideways for a while now, taking 65 as target. Already in profit for a few pips. I just looked at structure for this one. Beware, i am a new trader. Trade your own lot size and SL / TP.
Now the Russian ruble is going through the phase of calm, but not for long because it is the calm before the storm of the ruble to fall to 100 rubles / 1 USD . This situation is now displayed on the border of Ukraine and Russia ,, and bryazkanem weapon for creating screens and justification of the cost of war and armament
Short Entry @ 70 if it break the support trend line SL: 71 Target: 54
After the WTI Oil has confirmed its breakdown from its relevant range, USDRUB reacted accordingly - by breaking out from its range it has been in since September. Price is now above both 1-year and 1-quater distribution, trading above upper 1st standard deviations from 1-year and 1-quarter mean - signaling more upside probability.
USDRUB held uptrend test on 1-year and quarterly basis (bounced back from 1st standard deviations from 1-year (264 days) and quarterly (66 days) means). What is strange, Russian Ruble continues to fall despite downtrend in WTI oil has failed recently. (see related) If price continues to trend upwards (above 66) - likely target is 80, a level outlined by Russian...