Long and short USD/RUB
Activation of the transaction only when the blue zone is fixed/broken.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same...
Same as EURUSD
The current uptrend is the continuation of wave (B) of (ABC), whereby wave B is rather complicated consisting of (wxy). Further on the pair will go down one more time to 73 prior to the major depreciation of the rubble.
So in general, the Russian rubble is not ready to devalue at this time and will start depreciation together with the major...
USDRUB is likely to rise up to test the trend line before it breaks the weekly and daily support. A buy trade can be a high probability.
Please like the idea and share. Thank you.
Entering my 3rd short position on USDRUB. This pair has been bearish for quite some time and we can see the price coming up and retesting 74.400 and strongly rejecting it on the daily time frame. Planning on holding full profits until the price reaches 72.800 where I will secure 50% of profits from all 3 positions running.
Please note, just because I stacked 3...
High oil prices might push USDRUB lower in the short-term.
So the price can head towards blue area, where it will reverse!
Because oil market needs stability in order to make Ruble appreciate significantly against Dollar.
Dollar index has been in downtrend for a year. The following stimulus package will push USD into the lowest but reversal level.
...
Greetings dear traders & investors!
To your attention we want introduces our long-terms technical view to Russian ruble.
As you see, Russian currency get a long term uptrend from 2014 and after ABC-move we start 1-5-move to 90. In 2021, when Biden was come a president of United States, we waiting a strong political and economics restrictions from him on Russian...
Just yesterday The Central Bank of Russia (CBR) left interest rates unchanged announcing that "the easing cycle is over".
(www.fxstreet.com)We can see that the price passed below the midline of the bearish cross of 10&20 MA , so I expect the pair to decline to the support area.
Longer term cycle is down as well as the medium term cycle. Medium term trend is down until June - what a coincidence - cycles for silver are UP until about the same period. That's no surprise silver has a correlation with Ruble. Russia is a large miner of all metals, and silver is in the list. When Russia sells their silver on the open market they receive dollars...
