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MACRO VIEW: USDRUB HOLDS UPTREND TEST DESPITE OILUSDRUB held uptrend test on 1-year and quarterly basis (bounced back from 1st standard deviations from 1-year (264 days) and quarterly (66 days) means). What is strange, Russian Ruble continues to fall despite downtrend in WTI oil has failed recently. (see related) If price continues to trend upwards (above 66) - likely target is 80, a level outlined by Russian Central Bank today as the price at which it will raise interest rates again. Failure of USDRUB uptrend will be confirmed only when price tags quarterly mean (at 60 now)
Long
by Killy_Mel
Long oil and gold: Currency Basket tradeI can come up with a variety of instruments to trade based on the recent macroeconomic events, but right now I'd like to focus on these, since they give me a relatively close timeframe for the reversal date. Mark your calendars, between February the 5th and 9th, because I think these pairs will start moving strongly in the directions of these arrows. I'll post technical setups as they come, for now, some food for thought. Have a good weekend everyone!
by IvanLabrie
15