USDRUB_TOM trade ideas
💵USD / RUB 1D. Is the rally starting?Hello everyone, friends!
As I said yesterday, I expect further growth in the dollar, which, in principle, we got. Now we are trading at the key resistance level: the 0.382 Fib level and global resistance.
If we look globally, we have:
1) Made 2 bottom, pushed off.
2) A rectangle formation was formed from the bottom (in fact, flat, in fact, accumulation). It works out on TA in the direction of the trend, and now we have an upward movement.
3) If one of these days we can break through and gain a foothold above 75 rubles, I'm waiting for a flight higher, with the potential to update the hai. Fibo level zones are interesting.
Such thoughts about the dollar. Considering that the euro has already flown into space, the buck is still lagging behind.
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I will also be glad to see your comments under the idea, what do you think about this?
#USDRUB
NEW CYCLE FOR USDRUD DISCUSSION WITH METhe new initial signal shows a new cycle, the cycle only works when the price touches 73,125.
- The first confirmed moving averages create a flat price background similar to the old one.
- Price is above the MA200 support is good for the price.
- Once the price moves back to 69,166, the plan is canceled and not monitored.
- Once the purchase price is touched, the area determining loss is 12%.
- Wait buy zone : 73.125
- Target : Check the wave region (max 88-89) .
- Stop loss : 12%
Wish you good deals!
USDRUB good upward structureNow the USDRUB pair has a good upward structure, the highs and lows are increasing, which indicates the domination of buyers.
Currency pair Dollar Ruble USD / RUB continues to move as part of the growth and the beginning of the development of the "Triangle" model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.47. Moving averages indicate a short-term bullish trend. Prices have moved away from the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continued growth. As part of the forecast for the Dollar on July 30, 2020, we should expect an attempt to develop a decline and test the support level near the area of 71.55 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair to the area above the level of 75.
Cancellation of the growth option will be a breakdown of the support area and closing of quotations below the level of 70.25. In this case, we should expect a continuation of the fall to the level of 68.15.
Wave C of 5 of an ending wedge about to startThe structure is similar to USDCAD. We are approaching the culmination of price action in USDRUR and in other currencies. This will be an overextended, violent move, happening together with everything else crashing. Targets: 110-120 looks realistic and reasonable, but I think the move will go beyond anything reasonable so 140 should be expected.