Hryvnia is forming an inverse head and shoulders and is heading to the neckline at 25, where there is a lot of resistance. But a break above 25 will send the price to the inverse H&S target at 26.7. This will be around October which will be reasonable because the Hryvnia historically weakens in winter. Price is above the cloud for the first time since 2018, which...
USDUAH -either the economy improves in Ukraine and the dollar falls or the second option from this level is a new growth cycle; In Ukraine, changes in monetary circulation, which will take place in the near future. There will be a new banknote 1000UAH 1,2,5 kopecks will be gone from use already tomorrow
It seems the season will start soon, not much of grow, but anyway we will see. For educational purposes only.
The hryvnia (UAH) continues to trade sideways while in consolidation in the "no trade zone." Recently, the currency strengthened against the dollar (USD) and initially it looked like an opportunity to go long on the USD. However, the weekly EMA50 (which historically has provided support for the USD) turned into resistance, broke the 3 year trendline, and now we...
Ukraine's Hryvnia looks poised for a reversal to the downside on the weekly and lower timeframes against the dollar. There could be a 5-8% trade in here. 1) RSI is currently indicating a trend change. 2) Price action is currently indicating a trend change 3) Volume profile is quite high which could indicate traders are soaking up USD by trading in their UAH as...
Ukrainian hryvnia demonstrated big gains against USD from late January to mid march. Surge was very fast. the fastest since UAHUSD recovered from biggest fall in early 2015. So I appreciate it as an active wave. I expect UAHUSD to resume its uptrend after this correction is completed.
USDUAH shoul be at 30 in the end of 2017