Hi All,
with the trend in Crude still intact USDRUB has everything it needs to get into lower 90s. Probably end Jan or very early Feb. This will be an ideal opportunity to sell some dollars, buy some RURs and hold them for another half a year. Then, once we hit 55, it will be time to buy the dollars again.
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
Target (local, by arrow) hit. Now in pullback. If low not broken, and we see recent high is on upside - go long.
Target is .382 retracement. It's all - scalps, as of now...
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
Those who live in the RUR world and trade in dollars will have a good opportunity to stock up some RURs during the last week of this year because the rouble will be quite cheap, and it will become more expensive later, so those of you who pay taxes in RUR, it could be a good idea to get a few RURs upfront, put them in a bank at a few % interest for half a year,...
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...
Mark this as a straightforward fundamental response. Russia's August trade report shows the smallest surplus in five years, and the USDRUB exchange rate jumps in reply. Immediate resistance is the extreme of that wedge and 38.2% Fib of that April-August bull wave.
USDRUB has finally managed to end its upward trend, started the begining of June 2015
The price level has shifted - before uptrend USDRUB was trading about 55, now it is trading north of 60.
The end of the uptrend was marked by the price falling below quarterly mean and within 1st standard deviation from 1-year mean.
Thus currently the pair is range-bound, with...
