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USDRUB_TOD - USD/RUB

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USDRUB_TOD trade ideas

USDRUB Supported and with a STOCH Bullish Cross!The USDRUB has been trading within a 5 month Rectangle pattern ever since the price retraced from the start of the war High. The price made a High on October 11 and has been pulling back since but for the 7th straight session, it remains supported on the 1D MA50 (blue trend-line), which since late July has been trading around the Rectangle's middle (median), thus acting as somewhat a pivot point. This level of Support along with the fact that the STOCH RSI is making a Bullish Cross, presents a short-term buy opportunity, first towards the top of the High Volatility Zone and then towards the Lower Highs trend-line (dashed). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
US Dollar / Ruble Historic ChannelWe're looking at performance of Russian Ruble almost since start of its existence as a national currency of Russia. How all of a sudden Russian currency gained in such way? Many factors aligned to make such move in a given period. Central Bank intervention Fiscal policy shifts Cutting Russia out of supply of Western goods and services, meant that sum of money wouldn't be converted to US Dollars or Euro for any further purchases. High world oil prices After implementing heaviest sanctions against Russian government imposed by the Collective West, it had immediate effect on increasing demand for US Dollar as a rescue security. This is what happens to national currencies of authoritarian countries with absolute control including the economy. People trust currencies of democratic countries with real market economy and system of ticks and balances. Big capital is attracted to places where the rule of law is a crucial part of the life of the civilization. This is why many Russian oligarchs close to Vladimir Putin using state assets, where transferring their "fair" income and wealth to the West. Even their so called "elite" admits that US Dollar will last obviously more than their manipulated currency backed by rigged economy that relies on oil prices. Here is where things get a little more entertaining. Central Bank of Russia has put all the resources available as a part of measure by the Russian government to convince Russian citizens that everything is in control to avoid social tensions and panic of masses. But what Russian citizens don't understand is that this is the end of their normal lives as they used to live during high oil prices and access to western technologies. Now almost all means of production, components of which is one or the other way are related to west. Limited access to the primary factors of production will have a devastating effect not just to the economy, but generations yet to come will feel the effect of degradation of society in general. Significant part of income of Russia which was in dollars and euros out of oil sale is now gone. Central Bank's oil reserves are frozen. This is a turning point for a domino effect. The resources of intervening in currency market is shrinking. They wouldn't be able to keep like that forever. The more they hold, the higher it will go. One day obviously buying power of Ruble in different world markets will weaken and dollar will rise at the rapidest rate like the angle of steep fibonacci channels which also separates cycles into time periods.
by fract
3
USD/RUB :: What will happen to the USDRUB ?USD/RUB ::: 1_ Blue channel : Daily time frame : It is moving in a descending channel . Pay attention, there is a possibility that it will move in a range and reach the ceiling of the channel without increasing the price. 2_ In the time frame of 4 hours, it has broken a triangle that has sufficient validity and can confirm its fall . 3_ Returning to the red circle in the middle line is inevitable . But the final movement will be towards the roof of the channel .
by The_Best_Trader_1991
1
USD/RUB - Regime Change IndicatorRegime Change Indicator The Russian ruble will let us know when the madness might end. The Russian ruble has halved in value over the last four months, accelerating that trend recently, coincident with economic sanctions being imposed by governments and by corporations themselves. At the start of the war, some economists noted that the Russian economy might be able to withstand sanctions given that it has made itself less reliant on foreign capital over the past decade. This is up for debate, but what is not, is the prospect of rampant consumer price inflation and increasing unemployment in Russia. Attention is turning to how long the Putin regime can last before the Russian people rise up against it. Perhaps Elliott waves can give us a clue as to when that might happen. Should the Putin regime be toppled, it will no doubt be subsequent to, or coincident with, an appreciating ruble. The chart of USD-RUB offers a compelling wave count whereby a Fibonacci 13-year advance in USD-RUB (depreciating ruble) is coming to an end. Within this count, Primary degree wave 5 (circled) will equal 1.618 times the length of waves 1 through 3 at 167.32 (a typical turning point when wave 5 is extended). This count also offers an Elliott channel target, connecting waves 2 and 4 and paralleling from wave 3, which comes in around current levels. Thus, there appears to be quite strong evidence that USD-RUB is close to a top (i.e., a low in the ruble). Of course, the ruble can appreciate without the Putin regime being toppled but given the zeitgeist, a lasting low in the ruble (top in USD-RUB) would seem to be probable only with Russia re-entering the global economy, and that would mean Putin no longer being there. If this wave count is correct, therefore, it might be a sign of hope that the madness will end soon.
Short
by ferGOD
13
USDRUB 4 years of slow rising before the next stress eventThe USDRUB pair is consolidating in recent weeks since the short-lived rebound on the June 27 (1W candle) low. The inability to break above either the 1W MA50 (blue trend-line) or the 1W MA200 (orange trend-line) should keep the price action rather neutral for now. As you see the long-term bullish Channel that started after the July 2008 low, is still holding as the June Low was contained just above its Higher Lows trend-line. After such a Low, the pair tends to start a Channel Up on a slow pace within the respective Fibonacci levels. This is a long-term accumulation phase before a major stress event rapidly sends the RUB depreciating against the USD. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3