Post downtrend breakage summer 22, consider uptrend is in progress with impulse wave 3 hasn't exhausted yet. Currently per my assumption it's in minor correction wave 4 of the uptrend impulse wave 3. Near-term target is either 66.45, else - 64.92. Mid-term target is around 76.9 - 77.4
There is no head and shoulders in four hour time frame so far: supposedly head is equal to left shoulder height and the right shoulder is getting shaped on low volume. I am neutral on this chart pattern, just publishing FYI
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.
Mind the long-term demand zone which is based on support parallel trendlines dragged from lowest points with its specific angle.
I'd long whenever price falls inside green area or breaks out above triangular formation.
🚨 I expect the upward trend in the USDRUB currency pair to continue, I think that we will see a weak ruble by the end of 2022 - everything is on the chart, good luck in making your own decisions!
🔹 TP1 - 77
🔹 TP2 - 92
❌ STOP 50 - Idea canceled
1_ Blue channel :
Daily time frame :
It is moving in a descending channel .
Pay attention, there is a possibility that it will move in a range and reach the ceiling of the channel without increasing the price.
2_ In the time frame of 4 hours, it has broken a triangle that has sufficient validity and can confirm its fall .
3_ Returning to the red...
rubble is going further down toward 58-60 because of magnetic effect of weekly ichimikou kijensen
for simplicity i turned off ichimikou
then rubble will go upward toward next weekly kijensen
any comments please share
As we can see, we are seeing a good synergy between fundamental and technical analysis. The dollar is go down, while oil is go up, these are positive signals for rise up the ruble (even if we skip a Credite Suisse research). Technically I drew a gartley, and you can also see a fractal fall similar to the one we saw in 2015-2016. And here I'm not talking about of...
1. Freezing the reserves of the Central Bank of Russia is a stupid move (this is default of western financial values).
2. Freezing the assets of the big oligarchs is an even sillier move.
You can't demand the overthrow of Putin and take money away from those who oppose him. And this is happening right now.
3. Total ban on dissent in Europe and the United...