USD/RUB Short Setup Push LIKE, FOLLOW and COMMENT below what do you think.
This my setup for this pair I’m still waiting for the bears to come.
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USDRUB_TOD trade ideas
USDRUB 1$=80In the previous forecast, I said that there will be growth when the price was 72 more.
The currency depreciated and reached an important level of resistance.
He also wrote that in the event of a further drop in oil, experts allow the dollar to cost more than 80 rubles.
But looking at the chart, the oil price continues to fall.
According to technical analysis, we have formed a double pattern of a bowl with a handle (a similar situation was on the hryvnia in the previous post)
I publish a very likely scenario of further price movement)
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work ❤️
USDRUB D1The fall in oil prices led to an active growth of the dollar against most of the world's currencies. The dolar index also showed high volatility. The Russian economy is on the verge of an economic crisis. The country is influenced by a large package of sanctions that are constantly replenished. The change of government and constitution of the country also entails a number of negative consequences for the economy. Closing the border of China forces consumers to seek goods in other markets and buy them at a higher price, since China is a strategic partner for Russia. And the sale of the commodity sector for China is also not possible. But the point was set by the fall in oil prices, which is one of the main sources of income for Russia. Shares and indices of the Russian Federation have fallen off. The ruble also went in the same direction. And this is just the beginning. The dollar has every chance to reach the mark of 100 rubles.
USD/RUB upward sloping channelWith the dropping oil prices and the starting financial crisis, USD/RUB pair is expected to rise strongly. You can trade within this channel (long positions preferred). Good luck!
USDRUB For Russia, the crisis is just beginningThe Russian currency was under pressure paired with the dollar amid the resumption of negative dynamics in the oil market.
In the event of a further drop in oil, experts admit a dollar more than 80 rubles.
I publish a very likely scenario of further price movement)
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work
USDRUB BreakoutLast nights breakout yielded a 4.5% move. Tonight the USD/RUB remains supported, suggesting another imminent breakout towards 67.75. In the event of a bounce, targets move back to 73.50
THE RUSSIAN RUBBLE IN THIRD WAVE Since the 1-th wave in 1-th wave of bigger dimension was extensive that leaded to short 3-th wave and 5-th wave. When that phenomenon occurs it means that correction movement in second wave of bigger dimension may achieve to the bottom of not 4-th wave of smaller dimension and to the bottom of second wave of smaller dimension. On balance current analyse report us that Russian RUB reversed finally and now is in 3-th wave of bigger dimension.
USDRUBThe ruble fell heavily after a large drop in oil prices. However, the central bank of Russia is starting to take action, and I think that this is an impulse fall, in which you can take a short position. However, the overall picture is a further drop in the price of the ruble.
USDRUB Is Ready To All-Time New Highs?Subwave composition of the impulse included.
Oil is painting H&S top with the target of $10, and the price action on Rouble could coincide with the Oil price drop.
$USDRUB – BULLISH: Weekly breakout targets 76.00.Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels.
With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain.
In the simplest of terms if the USDRUB rally into the consolidation fits the theory of continuation patterns and equals the length of the rally out of the tramlines USDRUB should get to 76.00 without too much trouble.
$USDRUB – BULLISH: Weekly breakout targets 76.00.Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels.
With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain.
In the simplest of terms if the USDRUB rally into the consolidation fits the theory of continuation patterns and equals the length of the rally out of the tramlines USDRUB should get to 76.00 without too much trouble.
USDRUB - LONG LONG LONGWe had a strong breakout this week of a ascending triangle. Fundamentals, technical and timing are in confluence.
It's time to touch visit the highs.
This is just a study!!
Sigma.
ridethepig | RUB Market Commentary 2020.03.02Fed rate cuts taking full control of the FX board as virus disruptions start to fade - it's time to go shopping in G10 and EM FX and the intervention policies will provide some USD relief. Here looking for a rebound into previous ranges in USDRUB as a pro-cyclical currency.
A test of the previous range we were trading looks around the corner:
The spread of the virus is naturally impacting global growth, and tipping OPEC towards intervention in Oil as well as a number of CBs. Markets now price Fed to cut 75bps by June - similar story in Australia with RBA, UK with BOE and BOC in Canada. Tracking closely for risk to find a temporary floor this week.
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