USDRUB Buy and sell planPattern: Channel Down on 1M.
Signal: Bullish and bearish reversal once the MACD shifts to bearish. Ideally near the red resistance zone.
Target: 61.000.
Rub
USD/RUB - MOVING TO 61.8Here price just have bounced from 0.618 FIBO and crossed the support line. Thats why I am waiting for the next support level near 61.8 RUB.
ridethepig | RUB Spot Commentary 2020.01.20Now bull's reserves have been activated and exhausted, the diagonal swing towards the new lows at the key 60 handle is the aim. This momentum play is a characteristic impulsive swing. The moves constitute a great example of the lust to exploit the brilliant effect of technical analysis, because of the accuracy that is endowed with incredible resilience.
The first compelling chart shows the highs being set in this monthly swing; the total removal of its lows opened up the same flows in EURRUB:
The swings we have just glimpsed at are quite typical and although it will likely not feel necessary here, the importance of in checking the 60 handle for headlines and masses. Mostly only one player benefits from this entire flow, but that is quite sufficient.
I expect sellers to show some strength over the coming days and weeks. A lot of talk of few large hands in Oil buying dividends. In any case looking for the infamous 60 target.
Thanks as usual for all the support with likes, comments, charts and etc. Jump into the conversation with any questions.
ridethepig | RUB Market Commentary 2020.01.09Here markets are starting to see shorts pick up momentum, this has been a very very easy ride so far since our initial entry (see diagram):
Oil has drastically sold off, and risk sentiment in the M.E is fading. While we failed to clear 70 we managed to unwind some at 65 on the Iran spike. No reason to change course here yet, market sits itching to breakdown. Remain on the sell side.
Tracking closely for the flush in USDRUB to 60 with NFP tomorrow to kickstart the next iteration in flows. For the flows: Sell LMT Entry 61.2 | TP 60.0 | SL 62.0
... It is the same story in EURRUB as we complete the final few ticks:
GL those trading RUB into NFP.
ridethepig | RUB Market Commentary 2019.02.12Here we go for a round of EM FX market updates and with Oil on the move first up USDRUB.
After the doldrums of Thanksgiving liquidity is starting to enter back into play, although with market out of position there is no need to overload exposure. The USD tide is turning and clients here are pressing the buy side on RUB crosses to play the dollar sell-off.
More activity coming with NY session, a good level to pick up offers as the cross drives through technical momentum at 64.3x.
Best of luck all those in RUB
EURRUB Buy Signal (long-term)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.
USDRUB: Short on the 1D Death Cross.The pair is trading within a long term 1M Channel Down (RSI = 50.809, MACD = 0.186, Highs/Lows = -0.2688). A Golden Cross formation has emerged this week on the 1D chart and since we are in the middle of the Channel we take this as a sell call. Our Target Zone is 62.000 - 61.350.
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Comments and likes are greatly appreciated.
RGBI new Maximum , Update of last forecast We consider , that there are two possible ways of development current situation . Either RGBI is ready to draw 4 purple wave or it will occur when RGBI will achieve 150.60 approximately. According to gold ratio second variant is more probable however at the moment yellow 1 and yellow 5 wave are equal in absolute term that also might be considered as good ratio of waves.
Final growth of russian state debt market , carry trade bubblewe think that now russian state debt market is in final stage of its growth. It is obvious fact that it will lead to strengthen of Russian ruble or ruble will be stable relatively.
USDRUB: Possible map for current correction It could be one more up to complete 5 of C of (B) and then down to finish the whole large corrective structure.
The drop could be limited by double support.
#GBPRUBYellow zones are important and strong
The green areas are Target
Time range specified
Support and resistance are identified
Look at trend lines and patterns
Expect ruble to strengthen towards 63 against US dollarFrom my point of view, current market situation allows ruble to gain another 5% vs US dollar and reach 63 figure level, from where it can continue down to 61 figure area, where the massive upward support is located.
USD/RUB - EXIT from the global triangle soonSince 2016 we have been watching at the forming of the global triangle. Now the price is ready to show a quit from it. Try to seize this moment and catch it!
Target above 67.2 is 74.1, stop 65.1 (Risk/Reward Ratio - 2.75)
Target below 63 is 59.2, stop (Risk/Reward Ratio - 1.41).
USD/RUBAfter confirm resistance cross and 200 EMA => USD uptrend
my target 65,974
use TP/SL RRR min 1:2
v.1.1 May 2019 Recovery from Market Dip Thanks to Old CommunistsRecovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
items not correlated2 earlier Recovery from 2019 May Market Dipitems not correlated to earlier Recovery from 2019 May Market Dip: PLNUSD, EURO STOXX, EURUSD, DXY, JPYUSD, GLD, USO
2019 Recovery from the May Market Dip Thanks to Old CommunistsRecovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan (CNY). Russian equities and the Russian ruble (RUB).
USD/RUB Bullish IdeaWe see a break in the trend movement in the initial cycle. This is the first reason to check demand. The second reason is the positional area of 63-61. In this area, we see weak downward movement and large shadows on the bars.
I will buy above 63 with targets up to 64.5-65.
#USDRUBThe price has reached a resistance level and should be expected to go ahead in the event of failure or returning to the orange range;
Time limit is specified;
The price is within the channel,
