Weaker RoubleUSD:RUB is now re-testing last months high of 73:1, which has been an area of interest since early 2020. Having formed a bullish wedge in the process, if broken upwards, 75:1, 78:1, 80:1 are logical targets for ladder sells. Technically, classical charting principals dictate a target of 85, which coincides with the last real area of historic price action for USD:RUB - further is bubble territory with 'pie in the sky' targets of 95:1, 107:1, etc, and I don't think those levels are in the cards anytime soon. Fundamentally, I am monitoring the effectiveness of the EU sanctions against Russian exports, which seem to be doing their job, as well as the actions of the CB which can halt this movement in a flash. Invalidation at around 69:1 Longby AspiringProUpdated 229
Short Term USD/RUB position.Short term: USD/RUB right now in resistance zone MOEX:USDRUB_TOM (95.5). DXY right now touched strong resistance area TVC:DXY (104.5). But globally: RSI in USD/RUB show great correction that mean unloading before next rising moves. RUB continue feel heaviness by no investments. Government have no critical ideas to solve the problems. My position: I wait USD/RUB to 91 value by two weeks.Shortby The2YungdDUpdated 3
USDRUBBased on the current wave structure of the impulse, there's a possibility for the correction to continue, especially if the price doesn't secure a position above the moving averages. A potential target for this correction could be in the region of 89. by Trend_Watcher5
USDRUB updatePrice has reached strong fibo level (96.64) and we can see bearish 1 Week engulfing candle forming that shows selling presure. Generally what is happening? I draw 2 scenarios how price can act in the nearest future. 1 scenario: price will revers at about 97 rubles or 113 rubles by making sellers liquidity area and will head down to grab buyers liquidity ( less than 50 rubles) for further up movement to 137 rubles (sellers liquidity swap). 2 scenario: price continues an uptrend straight away to 137 rubles after what big drop will take place to 50 rubles (less than 50 rubles). In my subjective opinion first scenario is more likely to happen. But for me 96 rubles level isn't a final line for a drop. If we go to lower timeframes we will see imbalance at 110 rubles level. So I'm waiting price to reach 113 rubles (fibo + 1W order block) and then look for shorts. Let's see how it'll go on :)by margarita_morozova113
A high geopolitical risk causes Russian ruble to dropNo 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 are in the price. The events, except the contained mutiny, haven't appeared suddenly. The situation has been evolving since previous February. All mentioned factors were discussed and evaluated a hundred times by pundits, exporters, importers, traders, and others. I agree that Russian international trade is in bad shape, but not in the worst. Russian current account ECONOMICS:RUCA is still positive. It continues its drop from the historical highs reached last year to the depressed level of 2015. It is not a catastrophe compared with peers, having a worse current account and weaker national currencies, though are not sanctioned. You are reading a thankless type of forecast . I can't prove it with macro, but the determined bullish trend hints foreign currency buyers are aggressive because something forces them to sell rubles. I believe the current drop in the Russian ruble is caused by an anticipated huge geopolitical event that may have far-reaching consequences for Russia, like 24 February 2022. Before that date the ruble was oversold. Russia had a strong macro (robust current account on the back of high petroleum and metal prices.) During those three months, only newspapers disturbed with publications Russian would attack. It could partly exert pressure on ruble, but because the attack wasn't started, it became the boy who cried wolf. I can't prove it, but I suppose, that only a few people close to Putin could know what would happen and sell rubles and open short positions causing ruble fatigue before the war. Last week's ruble devaluation reminiscent me of the oversold ruble in February 2022. I hypothesize that people close to the Russian head are fearing some event in the nearest future. Those people, let's call them oligarchs, could sell rubles now or open shorts to hedge if the event happens. From the macroeconomic view, it is pure capital flight. The fear may be related to a Zaporizhzhia nuclear power plant disaster and the West prospective actions. If something extraordinary happens, I won't be surprised if USD spikes to the previous high of 150 in several weeks (to the star of the Kremlin tower pattern drawn in spring 2022). If nothing occurs during the next 2-4 weeks, I expect ruble sellers to cool off and ruble retreat to 85 .Longby Nikita_KalininUpdated 336
$USDRUB reached a ceil of the channel 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 #forecast #furoreggs Please, subscribe and challenge my point of view )Shortby furoreggsUpdated 16164
USD- RUB - DailyUSD-RUB - coming to Target. And going to be there soon. Then we'll see what next is.by sunmikee221
USD-RUB - DailyUSD-RUB - Targets are by Stairs - we going to see 104-106. Possible - Final Target! by sunmikee3
USD-RUBHere is a very meaningful Target for USD-RUB, by step-by-step Targets! Then, we may Possible reach (there) high. Ruble supposed to strengthen after that. Rather sooner than later.by sunmikee1
What rubble doing??In the morning hours of August 2nd, Russia strikes Ukrainian port on the Danube (border with Romania), " That’s Been Lifeline for Shipping "Shortby nico14Updated 0
RUBUSD - Aug 9 to Jan 22, 2024Likely 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 reaches $0.01546 between Aug 09,2023 and Jan 22, 2024 Shortby MoonriseTA3
USD/RUBFX_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 back up. That prediction can only be made after we price reacts from it's current position. Shortby eyeseeart1
USDRUBUSDRUB from this zone we taking sell to next zone bearish is hand on market of USDRUB nowby Bestoonkarem2
USDRUB ~ 118After 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 zigzag called A. The nearest reversal level is ~ 103 Strong reversal range ~ 114-118.Longby Phoenix_Gruppe445
USDRUB Wave 3 - Soon 100 )))Wave counting for the next couple of quartersLongby Phoenix_GruppeUpdated 3312
USDRUB is Form the pattern ready to buyUSDRUB now formed triangle pattern and now breaked it it will go from 90.7000 to 104 set proper SL and take Fortune profite Longby mahesemailid1
USDRUB should correct to ~86 before uptrend resumesThe 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.Shortby AndyM223
USU/RUB -----------> prediction pathway (BUY position)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 $ TargetLongby rabinateghi558
💾 U.S. Dollar / Russian Ruble TOMI 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.Longby AlanSantanaUpdated 252514
USDRUB 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 price takes sellers liquidity. Because if we ask ourselves 'what price has made'? Correct answer is -- bearish break of structure (or change of character). So technically we are in a down trend from 2022. But after clear (in our example, bearish) choch price often moves higher to take previous high (121.50) as liquidity and only then price finally drops. I see this scenario all the time on 4h 15m or 5m charts. If so target is 137 rubles for 1 US dollar. But we have to stay positive and pray for 95 rubles level :)Shortby margarita_morozova332
possible bullish momentum three month timeframe fill candlebreaking 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 Longby projectiwill2