USDRUB created a really nice M structure to the upside. This structure completed with an impulsive move to the downside which is now at a level of structure and is lined up with the Monthly 0.382 Fib level. All of this and the fact that large speculators are taking the RUB short, we can expect a move to the upside sometime in the coming week. Early analysis for...
Low time frame channel I'm watching. What comes first: breakout or 72ish?
Still in hedge short to protect US stock profits, but from the looks of $ES and $CL $USDRUB is going to 100. Could test the middle of the channel like it did last time or breakout from the falling wedge shortly. Ready to flip long.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
I updated the chart as structure changed from earlier pattern (see related). Double three W-X-Y extended the consolidation. I think crude oil (see related) will dip again so its natural that USDRUB will move higher for ruble weakness.
The dollar continues to move in a downward channel, we expect an exit from it up. The Russian currency was under pressure paired with the dollar amid the resumption of negative dynamics in the oil market. Strong support zone 74-75, level 75 is now holding the price. Most likely in the near future we will see an increase to 80 USD. I publish a very likely scenario...
sell market target : 73.25 no stop if price want up sell again,
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The pair will reverse back towards a major support line after it failed to break out from a major resistance line. The Russian ruble will strengthen against other currencies following the decision by the country to halt its foreign currency intervention. Russia has been lowering its currency intentionally after the oil price war between Russia and Saudi Arabia led...
Against the backdrop of strong speculation in the oil market, the usdrub currency pair made a deep correction. But we must not forget that the Russian economy is in danger of default and the fall of the ruble is inevitable. Oil and gas markets for Russia are the main source of income. Prices for these raw materials fell to their lowest levels, which led to an...