Since 2014, we have had four impulses that have led to the weakening of the Russian ruble.
Setting the Fibonacci level shows that the USDRUB pair makes a pullback to 61.8-78.6% of the Fibonacci level after the bullish pulse.
We had resistance around the 80,000 level in the previous eight years, which was broken in February this year.
The last bullish impulse was...
USDRUB_TOM hit a megaphone uptrend resistance line and bounced off closing a first red candle in a month. bearish divergences with RSI and MACD in a day chart. Consider short selling in tactical perspective by end of Feb, although it's still in uptrend mid-term
There seems to be a top diamond pattern indicating a bearish reversal in general, however the price broke resistance line which might point to a continuation of the uptrend with target between 76 and 77... just posting for information purpose
Russian ruble is in the sell zone from now.
I expect price to take liquidity reaching price range from 44.31 to 51.58.
After will look for buys till at least 2.0 fibo level - 137.14. Max target will be 172.40
Good luck:)
Economic pressure from developed countries was unprecedented. The Russian Federation has become the absolute record holder in terms of the number of sanctions imposed on it, bypassing countries such as North Korea and Iran.
In response to the sanctions policy, the ministers limited the capital account, greatly inflated the interest rate and allowed commercial...
Genesis goes bankrupt and the price soars. The price is coming up to the golden pocket and I think it'll get a pull back around the 23k mark. The measured move off the descending wedge is 30k
Short term short, mid term long, long term short... still have "TA hope" that till drop down to that 9.8k to fill the open CME gap. This is caution zone for new entries......
I don't trade FX so this is just training for me.
Volume spike before the big surge to upper 60's / lower 70's has not seen corresponding high volume sell off yet, which alongside ongoing consolidation leads me to believe we are still not out of gas. I would like to see 80 level reclaimed.
Post downtrend breakage summer 22, consider uptrend is in progress with impulse wave 3 hasn't exhausted yet. Currently per my assumption it's in minor correction wave 4 of the uptrend impulse wave 3. Near-term target is either 66.45, else - 64.92. Mid-term target is around 76.9 - 77.4
There is no head and shoulders in four hour time frame so far: supposedly head is equal to left shoulder height and the right shoulder is getting shaped on low volume. I am neutral on this chart pattern, just publishing FYI
If USDRUB breaks out triangle resistance line on four-hour time frame, next target supposedly should be 79? I am neutral though on this pattern, just publishing FYI
Hello dear trader ! Russian rubble / US
Dollar pair breaking out of ascending triangle , closed above with volume support and going higher ! Targets : 77-84-94 ! Not financial advice
