USDRUB to retrace in 75.50-77.20 areaI see Brent Crude lower (see related) therefore I think the USDRUB will move higher making a retracement.
How deep it will be is a guess depicted with the blue box between 75.50 and 77.20 so far.
USDRUB_TDB trade ideas
$USDRUB falling wedge reversalRussian Ruble price action is getting on bullish side:
- Falling wedge reversal in play
- Deviation / fake-out below Range Lows to hunt stops
- Consolidation in progress between Fib Levels 0.7 and 0.61
- Major news events. Russian Federal Reserve lowered interest rates. Cash and carry strategy used by foreign investors become less profitable. Money pulled from Ruble to USD and EUR.
Price action may dip further to capitulate, but overall price is set to skyrocket soon.
Target: Previous untested highs.
This is not financial advice.
USDRUB short short short!Hey there!
Very simple setup explained in the chart. Basically stay short and if the pair closes above resistance look for very opportunities.
If you have any questions please leave them in comments.
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GBPUSDHello everyone In the near future, the exchange rate will not be stable, but it will increase.
USDRUB Retest complete, Bearish week aheadWhile this pair has been in consolidation while making its retest, on Friday it further dropped confirming the rest. We are likely to see it plummet further this coming week.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDRUBINDECISION
Personally, I am not ready to take a position on this instrument. (Trump & Putin vladimir)
Monitoring pair USD/RUBThe currency pair is trading in the consolidation range around 69.90. Today we consider the probability of a decrease to 69.00. And with the breakdown of this level downward, the potential for reduction to 68.75 with the prospect of working off the level of 67.50 will open. If you exit the range upwards, correction to 71.00 is not excluded.
USDRUB Long Trade Idea, Short Trade UpdateUR posted as short earlier this week has performed accordingly and has provided an opportunity
for the second phase- long of the trade to come into play.
Price has formed a double bottom in the process with an irregular neckline. It has broken above
the neckline and is retesting.
I hope You enjoy this analysis. Please stay tuned for updates for this chart that will be posted
below as time goes on. Thank you.
