Last time I saw volume spikes like this USD rallied hard against RUB. Will lightning strike twice?
I think 85:1 is a certainty. Beyond that, 90-100 but perhaps not this year. But the general theme remains the same - you don't pick a fight of finance with the Anglo's and expect to make it out in more than one piece.
The writing was on the wall for this one -
>>rising wedge,
>>longest MACD green swing in this pairs history
>>lots of new analyses recently on this currency pair, which is usually dead, all of them bullish.
However, though a pullback was long overdue, I'd say fundamentally nothing has changed. At a glance, DXY is down a bit, albeit on strong support, US...
As per my observation , USDRUB operating with in a zone instead of few exceptional higher high and lower low. I used support and resistance technique to take entry, on the basis of this buy and sell stop orders have been defined along with risk and reward.
We are looking at a monthly chart, this is an extremely bullish setup.
USDRUB about to go up strong.
What we see here after the May-June 2022 crash is a recovery phase.
This recovery phase is completed December 2022 when USDRUB closes above EMA100, EMA10, EMA50 and EMA21 in the same month.
At this point the bullish bias is confirmed.
January 2023 was a...
Good evening ladies and gentlemen
for a long time I could not comprehend the schedule,
pondered for weeks, days and nights
on the full moon closer to Easter Sunday I realized:
USD\RUB is a livermore cylinder
more precisely, I would say a cylinder in a cylinder in which a rabbit
Nabiullina, of course, is still a magician, but the rabbit is real, and tricks are...
UR has reached strong fibo level. It seems like it will continue to rise(big bullish candle). But I wouldn't be surprise if it start to revers now. Why?
Firstly it has touched strong resistance level that was holding price almost for 6 years. So its a strong level even though it was broken in February 2022.
Secondly. If you look at dollar index (green line) which...
There is no more resistance left for the current uptrend in USDRUB. The weakening of the Ruble will continue throughout the 2023. It won't stop until it reaches 180-200 to the dollar.
Hello. On the USD/RUB pair, a technical analysis pattern of an ascending triangle is forming.
We have two potential scenarios.
The first scenario is that if the ascending trend line is broken and the price consolidates below it we can expect further price decline to the Fibonacci level of 0.618 or 66 RUB/USD. On the chart it is noticeable how the support levels...
Twenty-year channel of continuous Support and Resistance price levels.
Cold colors = Demand
Hot colors = Supply
Current Price is around 0.618 of the Fib Channel.
We can see how market reacted after getting close to Golden Ratio.
However, if oil stays expensive for a year above $68 a barrel, that might pull USDRUB down to a deeper demand areas.
I think uptrend continue. Current moment nice to open deal,because:
1.uptrend
2.consolidation long term few days
3.price close above month level
4.low volatility
5.profit/risk ratio 5
