Gap is clearly going to be filled! 1 USD is soon 160 RUB
Updated
We saw this momentarily at the beginning of this atrocious and uncalled for invasion into Ukraine by russians in 2022 February.
Right then russian central bank started to "fix" the situation, but You cannot keep putting makeup on a pig and call it priced cow! russian economy is collapsing due the soon 30% interest rate and in 2% unemployed workforce in a situation where You need couple of million qualified workers still. Not to mention all the GDP rise is coming from military companies and oil selling. That soon will end as the oil gets cheaper still when Trump comes to power in 2025!
I think in mid 2025, we can see the russian economy crash in spetacular way. I think USD/RUB aorund $250 is not a work of fiction anymore.
Right then russian central bank started to "fix" the situation, but You cannot keep putting makeup on a pig and call it priced cow! russian economy is collapsing due the soon 30% interest rate and in 2% unemployed workforce in a situation where You need couple of million qualified workers still. Not to mention all the GDP rise is coming from military companies and oil selling. That soon will end as the oil gets cheaper still when Trump comes to power in 2025!
I think in mid 2025, we can see the russian economy crash in spetacular way. I think USD/RUB aorund $250 is not a work of fiction anymore.
Trade active
Just hit a 61.8% fib on $114.78.
Expect a little breathing to around last 1D top ($107.7) and then on the up again.
Draw a fib from last high to previous low.
Note
Bullish RSI divergence formed now and should be going up.
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