Hi all! I feel the approach of good times in Russia!!💓 On the chart - at the top in black is the rate of the Central Bank of the Russian Federation, next to it in blue - the yield rates on short-term bonds, at the bottom - the RTS. There will be a meeting of the Central Bank of the Russian Federation soon and everyone will be given the message that “the Central...
Technically. Immediate support on the monthly timeframe is in the 134.85-131.60 zone. The long-term uptrend has been broken. You need to be patient and wait for the exodus of investors from this asset to stop and the cycle of accumulation begins. Fundamental. By the end of October, annual inflation is expected in the range of 8-8.2%. If prices continue to grow at...
RGBI has completed to draw wedge , that , as a rule, is first wave of new big trend.
I consider that Russian debt market has reversed, since almost all waves suits to proportional rules and RGBI has just formed entrance wedge that point out to the beginning of bear market. Without any doubts it will effect to Russian RUB that might devalue substantially.
there is great probability that now RGBI is depicting 4-th wave of the biggest order , that lead to sharp devaluation of Russian RUB . So USD/RUB long in short term.
We consider , that there are two possible ways of development current situation . Either RGBI is ready to draw 4 purple wave or it will occur when RGBI will achieve 150.60 approximately. According to gold ratio second variant is more probable however at the moment yellow 1 and yellow 5 wave are equal in absolute term that also might be considered as good ratio of waves.
Going to the next bearish station at 124/5 by mid-Feb 2019 as it shown
Looks like triangle in RGBI. Still in borders. Definitely ends in 2017 year.