I made my last Ruble review before February 24th, so there was a downtrend after that. However, the goal was ultimately achieved twice (I circled).
Now I see a significant increase against the backdrop of political manipulation, however, the market is the market and after a strong increase, a correction is always implied.
Target - 0.013600
Usdrub testing bottom bolinger on 4hr.
At the same time on 1hr price creates single candle separated by gapping- strong buyers here.
Buy 53 let’s see if this holds and push price higher from here.
The USDRUB pair hit this week the lowest levels since June 2015, marking a remarkable turnaround for the Ruble (drop on the pair around -65%) since the March 2022 High at the peak of the Russia - Ukraine invasion.
With this massive drop, the pair is getting very close to the Higher Lows trend-line that started during the subprime mortgage crisis in the U.S. on...
Ruble can go below 50 or even below 40: we are in the C wave of flat, it can be either running or expanded. After this I expect big and sharp impulse to the sky.
The sanctions have not undermined the Russian currency as one would have expected. I wonder if the rule induced default will have any effect on May 25. The ruble has pushed back into 2014 territory...and looks capable of hitting 48 to the dollar. ouch.
Important to understand two things about the Russian Ruble:
1. There is no physical limit to how high USDRUB will go in wave 5. With exports slashed down and Crude ready to crash back to 10$ we can easily see USDRUB at 200, 300, even 500, why not.
2. The move that's about to happen is the last one in the 14-year long sequence, and it will be fully retraced when...
1 have 3 chart lines
top is the btc price
middle is the inverted RUBLE/USD chart
bottom is the BTC/RUBLE chart
Everybody is watching the BTC price but don't realize what has happened.
There is usually good opposite correlation between the DXY and BTC. (its like a mirror image) when DXY goes up, BTC goes down and when DXY goes down, a day later the BTC goes up......
Is the dollar ever going to recover from this massive crash?! The dollar is going to weaken even more in relation to the ruble in the coming weeks. Gold currency always wins over a fake currency! This isn't a deep analysis but just sharing the the chart view - It looks insane :D
Usdrub Closer to react inside a falling wedge, Technically at the end of this falling wedge we may see a pull_back of the price to try 65_70 Zone.
But let's see what puttin hide for the market?
