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)
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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.
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
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.
$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.