Parallel channel will be broken only if some extraordinary will happen. We say to miracle : "Not today".
Little update: Doji candle has formed on weekly. 50 day SMA held so far.
OPEC Doha meeting will hopefully clarify things this Sunday.
Hi there! Ruble's strength is temporary and is going to finish very soon. We are in a last wave down. Its good to buy break up of yellow resistance line. Minimum target for wave 5 is 85.95 level (wave 3 high). Enjoy!
It seems that the 2nd wave is done and we're going to see 107 rubles per dollar in 10 weeks.
The US Dollar fell to a four-month low last week with prices testing 94.50 support on dovish FOMC meeting. But prices managed to reverse their losses with the Dollar Index posting steady gains, for the most part, this week. Prices rallied for nearly four consecutive days after falling to the 94.50 support. The gains in the US Dollar came about as various Fed...
Dow-Jones 16391 Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant. US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain ** below 16300...
I will be buying the Ruble with Euros since I think we have tremendous downside potential as well as excellent yields as a carry trade. The setup is to determine size on each leg of the pair using 1 month ATR, or 3 times the daily ATR value, and then proceed to short the EURUSD and short the USDRUB pairs to profit from this juncture. You could look for a technical...
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