#USDRUBThe price has reached a resistance level and should be expected to go ahead in the event of failure or returning to the orange range;
Time limit is specified;
The price is within the channel,
Rub
USDRUB bullish wedge at support zoneLooks like a nice wedge forming at a long term support zone here. Going to try a small size now and sit and wait for this to play out. The red zone could still be a resistance. With wedges like these, they usually play out, but they can make a false breakout to the downside first as well. If this happens, it's important to see a good bounce up as well, like a small V shape. That usually shows the real direction of the whales then.
That red zone, is the level to break for a good bullish wedge. So the safe play is to see the wedge break. If this whole thing fails, then i am simply going to wait and see how things go. That second green might still give support as well. So there is a lot of potential on the upside for the mid-term, but short term the trend is still down
USDRUB - US vs Russia Currencies Quick long term idea on USDRUB pair. It is heading to $57 during second half of 2019. Maybe the move time frame will spill into beginning of 2020.
#RUBEURTime zones are specified;
If you climb to the yellow range you can go
If you fall, you can go to red areas
USDRUB copies the earlier corrective structureI put the zigzag pattern based on earlier corrective structure and price goes with it since end of April.
Let's see what will happen next.
EURRUB: Sell opportunity on 1W.The pair has been trading inside a very clear 1W Channel Down (RSI = 42.482, MACD = -0.781, Highs/Lows = -0.2727) since the start of 2019. Clear Lower Highs (for sell entries) and Lower Lows (for exits). Such is the most recent rejection at 73.3540. We are short targeting 71.700 which is the 1M Support (Resistance until April 2018, Support since and until this April). This is a cautious trade as despite the marginal cross of this 1M Support on April 22, it still has the capacity to initiate a new long term bullish sequence above 79.00 - 80.00.
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Russian Ruble (USD/RUB) Sell limit 64.80 >>> 61.39Russian Ruble:
During breakdown of the first candle. growth is same size of candle. ( TD )
Current candle is big. So we size a little different.
Daily chart
Current = Trend is down
MN = time frame
We have a big candle (First candle (TD))
I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade zone/support for fixing deal = Target is 61.39 (RUB)
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Sell Limit = 64.80
Take Profit = 61.39
Stop Loss = 67.17
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Profit = 5.26%
Risk = 3.66%
Second stage of EM rally?After previously tracking the reversal (see attached: "Another key reversal in play in USDRUB") finally the break of 65 has come. From a technical standpoint this was important as it unlocked the 62.5 lows.
Russia has been one of the out performers on the currency board so far this year and I continue to see scope for more gains, irrespective of the very near term reversal in dollar.
The risk here to the setup is coming from sanctions related risk. Russian authorities have been quick to take measures to insulate the economy (reaction to DASKAA bill).
Best of luck all those trading EM and thanks for keeping the likes and comments rolling
EURRUB Long term buy signalsPattern: Ascending Channel on 1M.
Signal: Bullish (two entries) inside the long term Buy Zone (green).
Target: 80.600.
USD RUB BUY (US DOLLAR - RUSSIAN RUBLE)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the reversal pattern that its forming on lower time frame and watch strong price action for buy.
Short USD/RubleI want to better understand US-Russian relationship. I want to know what I can learn via the currency.
USDRUB Bull Market ScenarioThis scenario is in play if we break 71 USD:
We are most likely in an impulsive wave 5 starting February 2018. Looking at its internal waves, expect the inner wave 5 to extend to about 80 USD, because wave the internal waves 1 and 3 are almost equal. Other reversal zones to look out for are 75 and 85 USD.
In this scenario, the price action from 2015 to 2017 inclusive (wave 4) is interpreted as a running flat.
In case we don't break 71 USD, have a look at the bear market scenario (in related ideas below).
Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.
RTS index could drop to 800-530 following the Brent crudeThere will be no miracle. Less revenues from falling oil market will drag the index lower
as it should be around 800 already and could hit 530 when the oil would retest a multi-year low.
The correlation index for the past 12 months shows negative correlation but it is a temporary situation
as on the longer periods (20+ months) it is positive.
This will change gradually when the index will catch up with a falling "knife" oil.
Usd/Rub going down to 63-62 rubles per dollarMy vision and knowledge based on elliott wave theory, and I see usd/rub making a new low at 62-63. After that I am expecting USD to rise again. Currently we are in wave c of abc of 2 wave. Have a nice ride!
EUR/RUB 1H Chart: Previous forecast at workThe previous forecast worked, and the EUR/RUB currency pair has reached the lower boundary of a long-term ascending channel located circa 74.70.
As apparent on the chart, the exchange rate is trading near given channel line. From a theoretical point of view, a reversal north should occur in the nearest future. An important resistance level to look out for is the Fibonacci 23.60% retracement at 76.71.
By the large, it is expected that the currency pair targets the upper trend line located in the 83.50/85.00 range.
However, technical indicators suggest that this advance might not be immediate, and the pair could re-test the lower channel line.
Shorting the USDRUBTo a newbie, this looks as if it would continue with it's uptrend. Although from a TA perspective, this is a shorting opportunity for the following reasons
Reasons:
1. Inverted hammer - candlestick pattern (the bulls are tired)
2. RSI is extremely overbought
USD/RUB 1H Chart: Short-term trend in sightThe Russian Ruble has been depreciating against the US Dollar since the beginning of October. This movement has been bounded in an ascending channel.
Currently, the currency pair is testing the upper channel line at 66.40. If given channel holds, a reversal south occurs in the nearest future, and the rate aims for the support cluster formed by a combination of the 55-, 100– and 200-hour SMAs in the 65.72/65.89 range.
Otherwise, a breakout north occurs within the following hours. Important resistance level to look out for is the monthly R1 at 66.50.
EUR/RUB 1H Chart: Downside potential likelyThe common European currency has declined significantly against the Russian Ruble after the pair reversed from the upper boundary of a long-term ascending channel at 81.77.
Currently, the exchange rate is re-testing the support level formed by the weekly S1 at the 75.17 mark. Given that the 55– and 100-hour SMAs are located above the price, a breakout through the support level is likely to occur within the next trading sessions.
By the large, it is expected that the currency pair continues its decrease until the lower channel line in the 74.50/75.00 range is reached.
EURRUB: Monthly Channel Up near a Higher Low. Long.EURRUB is trading on a very long term 1M Channel Up (RSI = 58.841, MACD = 1.999, Highs/Lows = 1.2013, B/BP = 6.7532), which is near pricing a Higher Low (est. 74.855). Buying here is a good long term investment with three targets, 80.645, 81.965 and 82.930.
USD/RUB 1H Chart: Falling wedge in sightThe Russian Ruble has been appreciating against the US Dollar after the currency pair reversed from the resistance level formed by the monthly PP at 67.17. This movement has been bounded in a falling wedge.
As apparent on the chart, a breakout from the pattern should occur in the nearest future. From a theoretical point of view, the exchange rate should break given wedge north and surge towards the 66.40/66.80 range.
However, technical indicators suggest that expected advance might not be immediate, and the pair could decline to the psychological level at 65.20.
