Technical analysis of the currency pair #Usdrub The currency pair is still in the uplink. Looking at the currency pair, striking candle figure 2 with an interval of a week. Morning and Evening Star. Reversal pattern on this pair is ready. We retain a negative view against the Russian currency. This view is based solely on macro-economic factors, as well as...
upside favored. very volatile atm. corr with oil almost at -1.
You're going to be breakout trading. Follow the trend 'till you see reversal. Fibs an old highs and pools of liquitiy are likely places to see reversal, so keep your eye on it. *Warning, Forex trading is high risk, always use a stop* I'm going to place my stop at break even, and make it move with the trend as it progresses.
USDRUB finally should retrace lower because: - there was big re-high - 5 wave structure has finished - oil retraced sharply recently and I suppose oil is gonna go sidehead or higher - possibly sanctions against Russia will be over soon Aim: 65-72 area
I am looking at a parabolic type of move and then a deep pullback
This pair is just too overbought. Short-term correction favored. Odds are that China data tomorrow will be "good" - by engineering. General sentiment is overly bearish atm.
Short Entry @ 70 if it break the support trend line SL: 71 Target: 54
USDRUB's fate is very much tied to oil. Medium term oulook for oil still bearish.
Went short on USD/RUB based on the consolidation inside the ascending triangle pattern. Entered at 71.1087 with stop-loss at 72.05 and take-profit at 67.12. More info and timely updates: www.earnforex.com
We will see if RUB can break through triple top of 72 for the 5th wave up of around 80. We are also looking at a contracting triangle with a possibility of a breakout
This chart shows the price of Brent oil in RUB. Now, the thing is Russian government needs it around 3200 RUB per barrel to balance the budget. So, shorting Russian currency when UKOIL*USDRUB<3200 used to be a reliable trade since 2011. Not so anymore...
11.12.2015 CBRF will report new interest rate Russia if interest rate will below 12,5% so usdrub will have new price channel 70-80 rub if interest rate well above 12,5% so price channel will go to down 70 rub. 11.12 CBRF tell new interes rate which interest rate do CBRF will be?
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 continues to trade within borders we defined in our last update, however the range has narrowed. (see related idea) As volatility compresses, and the price is trading between upper 1st standard deviation from 1-year mean and lower 1st standard deviation from quarterly mean, there current range now is 62-66.5 USDRUB is very correlated to WTI Oil, which is...