I am not promoting to trade this one, but for analysis purposes why not.
The fundamental key is an end to the horrible situation of Ukraine. This may then slowly dampen the weakness of RUB, which is expected to remain for some time.
In terms of technical picture, its way overbought and we should see move lower back to $ 100 before upward trend again. So guess...
No change in view.
We are in an extreme level of RUB weakness for very well understood reasons. The future looks very bleak for the currency amid the sanctions that are getting worse everyday. Further, the ongoing situation in Ukraine, as long it continues, will provide weakness for the currency.
Technically, we are severely overbought, and sure we do not know...
One can clearly observe the effects of the sanctions and further actions being taken. this makes the attack on the currency a wild one and very unpredictable. I am only just showing the chart and am advising anyone to stay out of this one. DO NOT TRADE IT.
Technically it is overdone, but fundamentally we can go beyond things we never have imagined. OIL is a clear...
I am not saying follow this idea, because we do not know when things will change dramatically.
Technically speaking we are way over the border, and we should retrace back to $ 95 at least. So a sell @ 110-120 etc seems the way to go.
The fundamental side... hmmmmm... do not touch it... but ok its great to look at the chart and movement. It's clearly overdone...
No change in view.
For the brave ones, and am not suggesting to follow the idea.
From technical point of view we would be short around $ 109 and now we would have a profit order in place @ $ 95.
It's risky without a doubt.
The run up has been sharp and of course it is expected based on the news. However, if we see certain levels, we may wish to venture it. RSI is high and may go higher, and that is why pick levels only. SELL $ 89-91 and take profit quickly at $ 85 below.
Repeat this if it ia erratic that way. No stop-loss as it is very thin market conditions.
Amidst the ongoing issues, we may create an opportunity for ourselves.
The market has for good reasons weakened the RUB, but also corrected a bit that move.
The chart shows we may have a SELL opportunity, and if missed no issue, but at least place a SELL order in case.
Strategy suggested SELL at $ 80.10 - 80.75 area and tale profit at $ 77.78 for now. The...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDRUB is creating a series of lower highs on the lower and higher timeframe. at this point, this instrument is likely to break the support and fall down as multiple timeframe is showing the same pattern.
With high inflation above the Russia Central Banks 4.00% inflation target.
Markets are currently pricing in two interest rate hikes from the central bank over the next 6 months.
This will make short-selling EUR/RUB and USD/RUB very attractive to yield-seeking investors.
In this video, I break down both trades in detail.
We take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies.
Two factors are going against the U.S Dollar.
1.) Low-interest rate differentials
2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD.
These four setups are popular trades across investment...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
After the US took an airstrike on Iran and killing its top general, I have been looking for a countercurrency for USD other than Gold and Oil... and so, USDRUB was detected. Moreover, its price action gave us a convincing sell bias as it has successfully broken the weekly 200ma. This set up will be targeting 55.000 psychological level that was previously tested in...
