Last nights breakout yielded a 4.5% move. Tonight the USD/RUB remains supported, suggesting another imminent breakout towards 67.75. In the event of a bounce, targets move back to 73.50
Since the 1-th wave in 1-th wave of bigger dimension was extensive that leaded to short 3-th wave and 5-th wave. When that phenomenon occurs it means that correction movement in second wave of bigger dimension may achieve to the bottom of not 4-th wave of smaller dimension and to the bottom of second wave of smaller dimension. On balance current analyse report us...
The ruble fell heavily after a large drop in oil prices. However, the central bank of Russia is starting to take action, and I think that this is an impulse fall, in which you can take a short position. However, the overall picture is a further drop in the price of the ruble.
My view of Supply and Demand zones on Daily and Weekly TF.
Subwave composition of the impulse included. Oil is painting H&S top with the target of $10, and the price action on Rouble could coincide with the Oil price drop.
Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels. With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain. In the simplest of terms if the USDRUB rally into the consolidation fits the theory of...
Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels. With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain. In the simplest of terms if the USDRUB rally into the consolidation fits the theory of...
We had a strong breakout this week of a ascending triangle. Fundamentals, technical and timing are in confluence. It's time to touch visit the highs. This is just a study!! Sigma.
long term on USD/RUB look like buy buy buy. always do your own analysis
Fed rate cuts taking full control of the FX board as virus disruptions start to fade - it's time to go shopping in G10 and EM FX and the intervention policies will provide some USD relief. Here looking for a rebound into previous ranges in USDRUB as a pro-cyclical currency. A test of the previous range we were trading looks around the corner: The spread of...
Not financial advise. Similarity between $USDTRY and $USDRUB -Violation of symmetrical triangle -Fib 0.705 taken out -Clean breakout on Weekly/other Macro Target 1: aiming for the highs, of course. FX_IDC:USDRUB
Close your profit ! US dollar - Russian rouble currency pier just crossed our target - 65.581.