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...
USDRUB looks absolutely similar to indexes (RTS, SNP500). The only difference is that the pair will not go for new significant lows beyond 72
The same picture is happening with 6R1! (Russian Rubble Fu). If needed I will publish the subject chart.
1. Ascending Triangle (height is 16300)
2. Parallel Channel
The price reached the bottom of the Ascending Triangle which is located in the Parallel Channel. In addition, the price is also near the Parallel Channel bottom.
The first target: The price reaches about a half of the Triangle height
The second target: The price reaches the full height
Stop Loss: The...
The RUB is getting stronger amid global weakness of USD (DXY) and rising crude oil.
Below RR 72 the move to the upside could be invalidated.
There is a chance that this drop could extend to the downside to build the large wave Y of WXY flat correction.
We saw such a drop in wave W before.
The minimum target is to hit the start point of wave X at RR 68.
The equal...
There is a monthly /weekly uptrend. The daily trend could possibly turn around here to start following the bullish momentum. Looking for buy opportunities on the bounce back.
Psychological level acts as a local support level (might be long-term).
History shows that it used to act like a resistance.
Side trend with decreasing volatility is expected.
Pattern formations will occur within the geometric range of triangle.
Breaking above/below a line of fib channel is a signal of movement to the next series of fib ratios.
Scheme...
USDRUB on the daily chart found a perfect bottom at the 0.618 Fibonacci level.
The price ends the retracement and started a new impulse.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue...
Long and short USD/RUB
Activation of the transaction only when the blue zone is fixed/broken.
Working out local support and resistance levels in the consolidation zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The...
Russian ruble's tests at around 80 seems to support the idea of further supply at and above this level. A further move towards 90 and above can be expected though the trend may turn afterwards.
Russia is an important commodity exports based country and oil is an important component of country's revenues. However, oil market outlook is not bullish and not...
