USDRUB- SELL ++++ but stay away from itOne can clearly observe the effects of the sanctions and further actions being taken. this makes the attack on the currency a wild one and very unpredictable. I am only just showing the chart and am advising anyone to stay out of this one. DO NOT TRADE IT.
Technically it is overdone, but fundamentally we can go beyond things we never have imagined. OIL is a clear example going negative for example.
The range of USDRUB can be $ 100-200 and direction is UP BIG TIME, but with quick corrections in between. One could see a move back to $ 100 and go $ 180 after. who knows... for me I wish for the war to stop and let people live a peaceful life.
USDRUB_TDB trade ideas
USDRUB worst case scenarioif you haven`t read my first article when i expected the 86 level to be reached after the Russian ruble was no longer aligned to Crude Oil price:
or the 95 target after the Ukraine invasion:
this time i expect, considering all the sanctions and the fact that exchanges are selling USD in Russia for a price at least 30% higher than the forex market; i even saw a picture where 1 usd was selling for 250 RUB, then my prediction in 150 this time, or the dollar to be 2X stronger than it was at the beginning of this was.
Looking forward to read your opinion about it.
is it true that the US Dollar is already trading so high at the exchanges?
Is Bitcoin a safe haven in these times of uncertainty?
USDRUB-NEUTRAL upside biasThe USDRUB went above $ 120 and as mentioned i felt it to be a SELL between 110-120 for a move back to $ 95.
This is purely a technical view only, and is just to depict a currency pair, but noting I am not advising one should trade in it, after all, it has to do with a horrible crisis.
However, viewing the technical side, maybe helps to see the conditions that may be reduced hopefully, and one day this terrible demise in Ukraine will stop.
Going back to the drawing board. Now I am seeing the pair as neutral, and it has corrected a bit. Depending to the further developments, we may see very much higher levels for this pair in particular, as the sanctions and lack of USD possible movements may impair the economic situation, and certainly I hope that will be the case to stop this terrible event.
USDRUB-SELL ++ with careI am not saying follow this idea, because we do not know when things will change dramatically.
Technically speaking we are way over the border, and we should retrace back to $ 95 at least. So a sell @ 110-120 etc seems the way to go.
The fundamental side... hmmmmm... do not touch it... but ok its great to look at the chart and movement. It's clearly overdone until it does not exist... or major event change it... if a sudden cease fire or troop movement withdrawal Russians... the currency pair will decline sharply...so carefully either side of the fence...
my advise stay out of it :)
USD/RUBUSD/RUB - Les conséquences du conflit Russo-Ukrainien et l'envoler du de la paire USD/RUB après les événements de 23 Février 2022.
Ruble Where You Going ?
Hi traders:
With the tension between Russia and Ukraine, we can expect the market to be volatile and moving during an uncertainly time.
As we know, USD is a safe haven currency, and here on USDRUB, we can see clear bullish price action on the bigger time frames.
With many bullish impulse phases follow by bullish continuations, price is getting push up to all time highs.
This is where usually price will consolidate, and potential to continue or reverse back down.
For me, my personal options is leaning more upside and continuation up move.
What we should wait for is some sort of bullish continuation correction on the lower time frames, to confirm the upside move.
With the situation between the two countries may get worse, USDRUB could on route to a new highs.
thank you
The most obvious trading ideaA couple of years ago a friend of my asked me “what do you think about USDRUB?”
A huge triangle that was on the chart (still in the process of its development at that time) was the answer.
I answered that it will definitely hit 100.
I was terrified even to imagine what would be the driver, although realised, that it would be 99% a war conflict or a crash inside the russia.
Now RUB is in the abyss. Amen
Ruble is about to do a 'Lira'!Russia's currency is about to go the way of the Turkish Lira. The dumpster fire is already lit. I'm sure that Putin already calculated this as a given cost of pursuing his agenda, so it'll be interesting to see what sort of contingencies he has planned. I'm not taking this trade, just planning to watch the fireworks. Got my popcorn ready.