On the graph, we see a symmetrical triangle that has been forming since 2014. A symmetrical triangle is a figure of uncertainty. The percentage of up / down in the ratio of 50/50. The price is clamped. This year will be the denouement of the global movement. Now the price is in a downward channel , have come close to the trend line of the triangle (green...
The pair failed to breakout from a major resistance line after its four (4) day rally. Croatia will take over the presidency of the European Council on June 30, 2020. Croatia said its strategy will be based on the main pillars: “A Europe that develops”; “A Europe that connects”; “A Europe that protects”; and “An influential Europe”. However, the “influential” part...
As widely expected USDRUB selling off from the 64.2x highs and a good time to collect half our chips from the table. Well done sellers, a textbook zigzag and flawless trade since the channel breakup so far. The spike was a textbook flushout with US sanctions acting as the catalyst. For those tracking the previous diagrams the flows are wide open in the...
The pair will continue to fall lower in the following days after it failed to breakout from a downtrend channel resistance line. Geopolitics have changed following the election of US President Donald Trump. He became the face of populist leaders rising across the world. This became problematic with traditional allies, specifically with the European Union. Germany...
Pattern: 1D Rectangle. Signal: Bullish as the price is near the 1W Support. Target: 73.500 (below the 1W Resistance).
Pattern: Based on the 1W RSI, it is repeating a pattern seen in 2016/ 2017. Signal: Bullish as the price appears to have made a bottom on the 69.800 Support. Target: 73.500 and 77.300 (0.618 Fibonacci retracement) for longer term.
Pattern: Support/ Resistance trading. Signal: Bearish as the price hit both the 1D Resistance and MA200. Target: 71.700.
Hi, Slowly I start to add some mid-term (weeks, months) trading & investment opportunities into my TradingView account. The first one which looks technically pretty nice is EURRUB. Pretty soon you can start building your long position on EURRUB and it starts from the round number 70. Obviously, do your own research, read fundamentals and etc. Technical...
The pair has been trading inside a very clear 1W Channel Down (RSI = 42.482, MACD = -0.781, Highs/Lows = -0.2727) since the start of 2019. Clear Lower Highs (for sell entries) and Lower Lows (for exits). Such is the most recent rejection at 73.3540. We are short targeting 71.700 which is the 1M Support (Resistance until April 2018, Support since and until this...
Pattern: Ascending Channel on 1M. Signal: Bullish (two entries) inside the long term Buy Zone (green). Target: 80.600.
The previous forecast worked, and the EUR/RUB currency pair has reached the lower boundary of a long-term ascending channel located circa 74.70. As apparent on the chart, the exchange rate is trading near given channel line. From a theoretical point of view, a reversal north should occur in the nearest future. An important resistance level to look out for is the...
The common European currency has declined significantly against the Russian Ruble after the pair reversed from the upper boundary of a long-term ascending channel at 81.77. Currently, the exchange rate is re-testing the support level formed by the weekly S1 at the 75.17 mark. Given that the 55– and 100-hour SMAs are located above the price, a breakout through...
EURRUB is trading on a very long term 1M Channel Up (RSI = 58.841, MACD = 1.999, Highs/Lows = 1.2013, B/BP = 6.7532), which is near pricing a Higher Low (est. 74.855). Buying here is a good long term investment with three targets, 80.645, 81.965 and 82.930.
The EUR/RUB exchange rate has been trading in an ascending channel for two weeks now. As apparent on the chart, the Euro has reached a resistance cluster formed by the combination of the 55–, 100- and 200-hour SMAs near the 79.00/20 mark. It is expected that the rate eventually gathers the necessary momentum to breach this resistance. It is the unlikely case that...