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RUSSIAN RUBLE / JAPANESE YEN

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RUBJPY trade ideas

Yen-Ruble TutorialAs you can see market forces react on investor attitude with spirits, investors make decisions based on their mood and statistics. We see gold chart is jumping from fear territory, fashioning greed in mood, while Yen-Rub is plummet from the euphoria. While other assets symbolize peril for this manner, we believe market forces move in cycles in the twinkling of an eye. Majoring in this pasture as luck may have it transmit analyst on an even keel amid angel stew.
Education
by UnknownUnicorn462803
1
JPYRUB catching breath.Haven't looked at RUB containing pairs for a while. This one is sure not pivoting, but it might be due for X Wave. Again, a temporary bull push, but not for long. I have outlined Fibonacci goals in green, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci Retracements/Projections/Time and a momentum indicator of some kind gives results I am ultimately extremely happy with.
Long
by Rykin_Capital
RUBJPY, Triangle Symmetrical Top (bullish)STATUS = Confirmed CURRENT CONFIDENCE = 60% TARGET (EXIT) PRICE = 1.521394 JPY BREAKOUT (ENTRY) PRICE = 1.513395 JPY DISTANCE TO TARGET PRICE = 0.81 (121.8 pips) EMERGED ON Jul 14, 06:00 PM (UTC) CONFIRMED ON Jul 14, 08:32 PM (UTC) WITH CONFIDENCE LEVEL = 68% Tickeron AI shows that the Symmetrical Triangle Top pattern forms when the price of a pair fails to retest a high or low and ultimately forms two narrowing trend lines. The price is expected to move up or down past the triangle depending on which line is broken first. The price movement inside the triangle should fill the shape with some uniformity, without leaving large blank areas. This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. However, there is a distinct possibility that market participants will either pour in or sell out, and the price can move up or down with big volumes (leading up to the breakout). Trade idea Once price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a pair or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern height to the breakout point. The pattern height is the difference between the highest high and lowest low within the pattern. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Long
by tickeron
JPYRUB, Head-and-Shoulders Bottom (bullish)STATUS = Confirmed CURRENT CONFIDENCE = 49% TARGET (EXIT) PRICE = 0.665574 RUB BREAKOUT (ENTRY) PRICE = 0.661649 RUB DISTANCE TO TARGET PRICE = 0.91% (60.3 pips) EMERGED ON Jul 13, 09:00 PM (UTC) CONFIRMED ON Jul 13, 09:00 PM (UTC) WITH CONFIDENCE LEVEL = 68% Tickeron AI shows that the Head-­and-­Shoulders Bottom pattern is formed when the price of a pai rcreates a center trough (the inverted head, labeled 3) and the left and right inverted shoulders (1, 5). As you can see, this pattern is vertically symmetrical to the usual Head­-and-­Shoulders pattern and is formed when a pair is testing new lows on a downtrend. After reaching the lowest low (the Head, 3) the next low is shallower and the trend reverses course to the upside. This type of formation happens when investors create a minimum support level for the price of a pair, and ultimately trading consolidates into an UP trend. Trade idea Once the pairprice breaks out from the top pattern boundary (the neckline), day traders and swing traders should trade with an UP trend. Consider buying the pairor a call option at the low once the pattern is confirmed, which is known as the breakout point. The pattern is confirmed when the price breaks above the Neckline (2,4). To identify an exit, compute the target price level by adding pattern height (the distance between the head (3) and the Neckline (2, 4)) to the neckline price level. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Long
by tickeron
JPYRUB H4Recently, the foreign exchange market has come under pressure from the dollar, which has strengthened amid falling oil prices. Japan is not an oil country. But the yen is one of not many currencies that can compete with the US dollar, but even she made a strong fall. Russia is going through very difficult times. Commodity prices fell significantly. The raw materials sector for Russia is the main source of state revenue. When gas and oil prices fell, the ruble began to fall. Closing the borders of China also creates quite a few problems for the Russian economy. China is the main trading partner for Russia, and the loss of the ability to conduct business with the Middle Kingdom has a very negative effect on the Russian economy. Now the government is introducing a quarantine regime in the country. Japan has a much better chance of saving its economy than the Russian Federation.
Long
by StrongBull777
2
We'll have the JPY sandwich please=> Russia remains under pressure here after suspending FX purchases through to the end of September => The circus from the Whitehouse will be back from recess shortly and will likely impose further sanctions against Russia, this will increase appetite for flows outside of RUB and similarly to the logic in ZARJPY we are using JPY as a beneficiary of these risk flows. => The risk to our thesis is an improvement in foreign policy relationships between Congress and the US, a scenario with very low odds as per today. => GL
Short
by ridethepig