Rub
USDRUB upd. Sep. 30, 2021 - (conspiracy view)Pros
- One of the best armies on this globe. Almost completely reorganized in the last 10 years with the latest weaponry.
- Despite sanctions feels good, agriculture developed, which was not needed because there were supplies from Europe. Now any field in central Russia is cultivated for crops.
- There is a small amount of money in circulation.
- Lack of government debts.
- Over-sold currency due to sanctions and the desires of exporters.
- The energy crisis in Europe. No one will help except the country that holds 60 percent of all mineral reserves on earth.
- France is actively distancing itself from the U.S.
- Germany is choosing a new chancellor after 15 years of Merkel's rule, how this will affect relations with Russia is not yet clear, but Merkel has always broadcast America's terms.
- The weakening of the US, the withdrawal of troops from Afghanistan is one confirmation of the beginning of the tectonic underlying causes of the beginning of the disintegration.
Cons
- Not too smart leadership, mostly those who praise Putin well are allowed into power.
- Social elevators don't work. Cronyism flourishes.
- The banking system has been destroyed; all banks are now essentially state-owned or owned by the central bank.
- The population is not rich. (And where is the rich population now? There was one three-letter country here recently, and it's almost gone.)
- Export elites do not want strong ruble.
- Conflicts with US satellites like Poland, Baltic countries and Ukraine.
Conclusions
If we look at the TA levels we can see that the level below 72 is locally key.
If it is passed we will look south with the maximum targets in the area of the previous central bank purchases.
Against the background of the departure from risk and the salvation of funds the world's shadow structures can park them in the ruble and Scandinavian currencies. Not only shadow btw.
Trade safe and wise.
USDRUB move lower 🦐USDRUB after the test of the support area broke below, the market has now retested the previous support, now turned resistance, and according to Placton's strategy if the conditions will be satisfied we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Russian RUB bullish trandHey there FX_IDC:RUBUSD
We are looking for a standard "Left - Head - Right" figure
Please waiting until the pattern is going down to 76.458, that means the Head figure will finish.
Please don't buy now.
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Select forex currencies post-covid bounceback - weak frm Dec2020Select foreign currencies, after Covid/coronavirus bounce-back, have been weakening since early December 2020 - ahead of the NASDAQ (IXIC) question of faith in mid February 2021: Russian ruble RUB/USD, Brazilian real BRL/USD, Colombian peso COP/USD, Mexican peso MXN/USD, Korean won KRW/USD, Thai baht THB/USD, Japanese yen JPY/USD, Euro EUR/USD.
USDRUB - Long term view:Greetings dear traders & investors!
To your attention we want introduces our long-terms technical view to Russian ruble.
As you see, Russian currency get a long term uptrend from 2014 and after ABC-move we start 1-5-move to 90. In 2021, when Biden was come a president of United States, we waiting a strong political and economics restrictions from him on Russian economy.
But restrictions is only one part of problems, more important how markets will look on grow up yields of US treasuries. By the way, current oil price is to expensive and looking overbuying and it must some correction here.
We also must look in US stock markets, because current technical view is a bad to, lot of professional funds and banks are sell out their positions to retail traders from Robinhood Markets
and others.
So, we do not want guess, when the moving is start, we just want get you attention to important levels:
Resistance: 76.30-76.90 | 79.20-79.80 | 82.80-83.40
Support: 72.80-73.40 | 70.30-70.90 | 66.90-67.50 | 64.50-65.10
With best regards,
WMCI.
EUR/RUB Retrace Offers Long OpportunityAlready running a long on this since 89.000 but if not in the trade this retrace offers another chance to enter.
Price is now at 0.618 Fibonacci and this aligns with previous structure so if this rebounds from here it is a good long entry. Target remains 92.509 as in the previous post for this pair. SL can be just below 0.786 Fib
EUR/RUB At SupportThis is at a support level which has previously seen this reach the top of a range between 92.500 and 94.000. Before entering any longs we need to see MACD rise above 0 which would suggest this is returning to a bullish trend. Also EMA's cross for long will help confirm this further. If these indicators are confirmed then target is 92.509 with SL just below the low of support.