looks like someone absobe all sell volume i think it can rise up so much buying back the straits Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
I see Brent Crude lower (see related) therefore I think the USDRUB will move higher making a retracement. How deep it will be is a guess depicted with the blue box between 75.50 and 77.20 so far.
The structure became complicated and we see how strong oil affects this pair. It is possible that the upward cycle has been over already when it reached my first target. See related Now it will build corrective structure downwards.
I see price goes lower in short term with a bull trend thereafter. Levels below 71.80 // 68.20 // 62.41 Levels above 85.62 // 93.69 // 106.72
See weekly chart in related ideas for macro context. Expecting $USDRUB to play out in similar fashion.
$USDRUB futures is having hard time with that resistance level. We need to reclaim 78500 if we are to see higher prices. Still in spot long, but good place to hedge.
Bias: USDRUB: up. US Stock market: down.
Low time frame channel I'm watching. What comes first: breakout or 72ish?
Still in hedge short to protect US stock profits, but from the looks of $ES and $CL $USDRUB is going to 100. Could test the middle of the channel like it did last time or breakout from the falling wedge shortly. Ready to flip long.
I will keep this one quick as it is Friday afternoon... its clear that high beta has been in demand from some faster hands of late. Nothing of meaningful weight in the ladder, I think we will test the highs before pulling back. Another technical break to the topside in play with some strong US data. This looks set to test the highs in USDRUB for now. Tactical long...
The USDRUB triple support confluence should be a meme. So perfect, so nice. 70RUB+ is pretty much a certainty.
The corrective structure is in a progress.
From my point of view, current market situation allows ruble to gain another 5% vs US dollar and reach 63 figure level, from where it can continue down to 61 figure area, where the massive upward support is located.
if you have your market view, please share it in comments Also, you can ask me questions and which you have in comments Have a great day everyone!
Russian Ruble: During breakdown of the first candle. growth is same size of candle. ( TD ) Current candle is big. So we size a little different. Daily chart Current = Trend is down MN = time frame We have a big candle (First candle (TD)) I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade zone/support for fixing deal = Target is 61.39...