No new known macroeconomic factors could cause the current ruble devaluation. They say sanctions, some say a drop in imports ECONOMICS:RUIMP , others drop in exports ECONOMICS:RUEXP , brain drain, discounts on Russian oil, etc. Some blame the Prigozhin mutiny, but it doesn't change economic or political perspectives of Russia.
In my opinion, all these factors...
MOEX:USDRUB_TOM hit the top of the channel and should turn around and start a correction phase.
Two scenarios of the events development before the next iteration of growth are seen by me:
Scenario 1: FX_IDC:USDRUB ::81.4->70::+14%::Jul 2023
Scenario 2: FX_IDC:USDRUB ::81.4->64::+21%::Jul 2024
Does not constitute a recommendation.
#investing #stocks #idea...
Likely diagnosis
The analyst believes that the price of 'RUBUSD will be ' Bearish' from Aug 09,2023 to Jan 22, 2024, with a stop loss of $0.01546
What is the take profit target for this analysis?
The profit limit is time-based, so we will have to wait until Jan 22, 2024 to see what it is
Stop loss ?
The Descending analysis will become invalid if the price...
FX_IDC:USDRUB Price is at a significant resistance zone. Currently, price is overbought and should have a pullback regardless. This will either retest the support line, continue up, or make its way back down to the bottom of the ascending triangle. From there we will see if price breaks, retests, and continues downwards to the next daily support zone or bounces...
After strong strengthening, the ruble again went looking for a bottom, which it does not have. At the moment of the high, near the top, the Central Bank of Erafia introduced a spread of about 30 rubles, so the top should be considered ~ 158
Taking into account that the correction started with an impulse, according to the Wave Theory this is only the first part of...
The post-rebellion advance should be retraced. I was in that trend, it really felt smooth like butter, going up with no resistance at all. Means that too many longs have entered the game and a correction should follow.
usd/Rub it would cross latest resistance ( according analysis) and Russia would see the result of Ukraine war . and unfortunately Russia people must pay this....
step movement shows USDRUB = 260 $ Target
I know you Forex people are all experts so there is no need for much "talking"/writing.
USDRUB goes above EMA50 weekly.
Bullish wave confirmed.
Potential targets are marked with a black dashed line on the chart.
This rally should last 2-3 months more or less.
Going below EMA50 invalidates most of the bullish momentum.
Namaste.
People are asking for the update on USDRUB .
Nothing really has changed from my previous analysis. The only thing , I was sure that price will react on 87-89 range. But there is no sing of reversal from this level, so the next target is 95 rubles .
About the target for shorts. I still think that we going to drop lower than 50 rubles .
Second scenario is when...
breaking highs on the 3 m timeframe and pushing to fill candle to the upside. becareful with who ever is buying cryptos we are about to see a dump occur for a discount price. anything against the dollar will go down
Mutiny Sends Ruble to Lowest in 15 Months
In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries over the weekend, which caused significant concern among traders. Initially...
The currency is now adopting a corrective upward behavior, including a final decline, for each three downward waves are formed, and the fourth wave ends
hi every one
complete pullback to the trendline with 30% profit Potential
The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by...
Globally Russian ruble has logarithmic growing channel for previous 25 years. In previous year both boundaries of this channel was tested. Now the price accumulating under resistance 82.5 rub, and it had been tested for seven times previous 10 years. Correction will continue on average channel what means 100 rub at 01.01.2024.
I see in this graph how MOEX:USDRUB_TOM lose strength in main trend from 2022. Because of bullish signs from 29 may 2023 to today I can suggest rise to 82.6 value, but then downfall to 70-72 interval.
Globally I wait values >100 but I think this way will take ~150-180 days.
