Ruble
RidetheMacro| GBPRUB Russia on Track Again!A "no-deal" Brexit could be three times more costly to Britain's economy in the long term than the coronavirus outbreak, a new study published Tuesday warned.the political and economic effects of the pandemic were likely to mitigate or hide that of failing to secure a trade agreement with the EU.
📌 But in the short term, the lack of a new formal trading relationship with Brussels would be bad news for economic recovery and larger than the health crisis in the long term.The think-tank, which collaborated with the London School of Economics, said Brexit would hit growth in the coming years more than if the UK had opted to remain in the bloc.
📍 "The claim that the economic impacts of Covid-19 dwarf those of Brexit is almost certainly correct in the short term," its authors wrote.
"Not even the most pessimistic scenarios suggest that a no-deal Brexit would lead to a fall in output comparable to that seen in the second quarter of 2020.
📍 "However -- assuming a reasonably strong recovery, and that government policies succeed in avoiding persistent mass unemployment -- in the long run, Brexit is likely to be more significant.
🔑 the UK’s recovery from the Covid-19 lockdown was losing momentum even before the announcement of new restrictions to control the spread of the virus, the latest snapshot of the economy has found.
📍 The closely watched monthly estimates from Cips/Markit found the level of activity at its lowest since June, the outlook for business at its weakest since May and jobs being shed at a rapid rate.
The Cips/Markit report flash estimate of the service and manufacturing sectors dipped from 59.1 in August to 55.7 in September. but the survey was conducted before the introduction of fresh curbs across the UK this week.
The marked dip in the PMI prompted speculation among City analysts that the UK could be heading for a tough end to 2020.
📍 The study estimated that the negative impact on gross domestic product would be 5.7 percent over the next 15 years compared with the current level, while GDP was forecast to take a 2.1-percent hit from Covid-19.
The projections come despite a lack of clarity about the overall repercussions from the pandemic, and as a second wave of infections hits Europe.
📌 For RUB
🔑 The Salary growth numbers for July (this data comes with additional lag) significantly outperformed expectations, posting a 2.3% YoY jump in real terms after a 0.6% YoY increase in June. Though this data is more relevant to the larger businesses and state sector, and the situation in the SME sector could be different, other sources of income were likely supportive as well: the budget fulfillment data for 8M20 point at continued acceleration of spending on pensions and social security.
🔑 the earlier estimates for retail trade for April-July have been improved by 0.6-0.7ppt YoY, including from -2.6% YoY to -1.9% YoY in July, suggesting that the drop in smaller businesses was not as deep as expected.
Until the Next Time.🙏
Ridethemacro
Russian Ruble behaviour in the closest terms.As I drew on the graph, there is some probability that we could see growth to 85-90 rubles for 1 dollar in the nearest future.
Also I suppose we could see flat instead if growth. I don't see any positives in RU economics. Exchange rate could become better only if US dollar become weaker, which I doubt in.
How do you think?
USDRUB, Where it can be stopped...The price bounced off the Mirror Level and continued its up move.
The Support line wasn't broked, the trend is bullish - that's mean we should predict only buy trades here.
The potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
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RUB / USD Symmetrical triangle. Coronavirus. Manipulation On a global scale, after a pulse of 140%, a symmetrical triangle began to form for 6 years. Which on a very symbolic date was broken up. Below I will describe and in the screenshots I will show what's what.
On the chart, I showed areas of potential price halt.
The stop or continuation of the upward movement will depend on the reaction of the price to these zones. Fixing the price above a certain zone will contribute to the continuation of the uptrend and the collapse of the Russian economy. The situation that is developing with the "crown" and the measures that are planned to be implemented will not affect the ruble exchange rate properly. What did not seem to be reality yesterday, tomorrow may become a reality that must be accepted for what it is.
The target of working out the triangle in the global is about 64%, but you need to understand that if the price is fixed in this zone, then the probability of continuing the upward movement and working out the goals of the flagpole 666 pennant is 140%. Fantasy? Yes, but in 2014, no one believed that in such a short time, the ruble / dollar exchange rate would rise by 140%. You need to be prepared for everything.
Also, the target zone 104-113 of the triangle can act as a strong resistance, which can stop the further depreciation of the ruble. Everything very much depends on how the situation in the world will develop further on a global scale and what measures will be taken to achieve their target. Unfortunately, at the moment Russia is a completely led territory with an imitation like in all countries of freedom of choice and action.
The financial scam that has been happening in Russia since the default of 1998, of an unimaginable scale and impudence, can very painfully hit the well-being of ordinary citizens of the country again. What disappeared, in one moment, may turn from the ghost of the past into the present. And it turns out the dead was always alive, only alive for the masters. This can greatly affect the ruble exchange rate in the picture, but very negatively on the welfare of ordinary citizens as always. Because while the cow brings milk and the villagers are sleeping, they milk it to exhaustion. But this is not customary to talk about and notice. All because of the inertia and "darkness" of society.
Potential target.
Triangle target 64%
Ascending Pennant 140%
1) Naturally, as expected on 01/13/2020 (18), the price touched the support of the global symmetrical triangle, which took 6 years to form and showed a price of 60.891 (6.18). The process has begun. Thinking will understand. Money is not the main value in life. Sometimes a time comes when they have no meaning.
2) 6 03 2020 (13) the price approached the resistance of the triangle. 67.4 22 (13.6)
13 01 2020 - 9 03 2020 40 days (22 (13) .4)
2) On 9.03.20, an impulse of 10.22% (1.22) was committed.
9 03 2020 - 4 04 2020 20 days (13.7.2)
3) This is for working in a local trend. Outlined very important dates, which are very likely to affect the ruble to the dollar and not only. Pay attention to the numbers. Money at some points cease to be relevant.
Entrance to the long at the breakthrough of the resistance line of the local canvas of the symmetric triangle (red line).
Entering the short at a large percentage in my opinion in such a difficult time for Russia should not be considered, unless of course you are a scalper.
4 04 2020 - 18 04 2020 - 22 04 2020 18 days (666) - 4 + 18 + 22 = 44 !!! -12!
I warned about what is happening in the world many months ago. The Internet is not a place for free information. Soon your “anonymity” will knock on every home. But many really wanted this, well, it was not long to wait. "New money" against which the "states" fought so "and the banks will become a reality for you too." The "crown" and some other factors will help this happen in a forced manner. Do not experience the illusion, you were led to think in black and white.
You were bought by greed, freebie and inertness to what is happening around you. Everyone is used to talking, complaining, but doing nothing. Many people have lowered their intelligence. People stopped thinking on their own. Open your eyes and wake up finally. The world is different.
As it turned out, people got the informational virus of mental disorder. There were very few healthy people. Also, many play the role of "patients" so that they are not touched and so as not to differ from the crowd. Mass psychosis in order to keep the peak of the wave confirmed by reality locally in one of the closed sectors. It was a European country, not some kind of Africa. So that there is an association among Europeans and Americans with a human disease in a civilized society. Italy - Crown - Rome - World - Rome - World - New Rome (world). They showed how quickly China dealt with the problem. And how Italy does not cope. Wait for the introduction of new technologies in China, so as not to "get sick". There they have long been tested and approved.
Code-6-19 is primarily a background for promoting a new world order and adopting laws that could not have been promoted in a calm time. You, with your hysterical herd behavior, help this to happen. This is just the beginning. Nothing really happened yet, we are in the very first soft stage, and society has already turned into a controlled, selfish herd, thanks to the manipulation of the self-preservation instinct for our own sake.
The meaning of the “crown”, as I think, is not only in the collapse of markets, but in the change of the financial system and the world order itself. Dividing countries into sectors, stopping the production of goods, the movement of raw materials and goods, printing money and distributing them in the future as “resting people” will bring down markets even more.
As recent events in the world have shown there is no concept of statehood, the world has long been global. Nationality will be destroyed, the world needs an average digital slave, not a person’s individuality.
Everywhere everything happens on symbolic dates and according to one algorithm of action. He who does not obey on time will receive gifts rather. The division of countries into sectors, the closure of large problem cities and restrictions on movement in them will prevent people from joining in who disagree with what seemed impossible to translate into reality in an adequate, mentally healthy society. Divide and rule.
Will oppose the crown - will come to you. The city will close, curfews will be introduced in connection with the disease. It will not be legal to protest. Unwanted "get sick" when testing for the disease. With many overly dangerous infectious diseases, the body is not given to relatives due to the possibility of the spread of a dangerous infection.
1720- The bubonic plague.
1821 - Cholera.
1920 - Spanish.
Coincidence?
Thanks to selfishness, greed, inertness to events, the “importance of the person”, self-preservation for my own sake, “I am like everyone else” and most importantly - the absence of thinking independently, such events occur in the world. This is controlled chaos 11. This is only the beginning, and the crowd is already in the stage of psychosis. This is all thanks to information technology and the replacement of human values in the direction of animal instincts. In the later phases when everything will be real, your psyche will not stand the "show" and you will really go crazy or eat each other for your own sake. It is said figuratively, but the essence of this does not change.
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EUR / RUB Feb 23
I also did the EUR / RUB trading idea several days before the price increase at the lowest entry point when confirming support and the zone, I think this is also relevant.
Symmetric triangle. Trends Reversal zones.
The situation is now.
2 target achieved + 32%
Money is not the meaning of life! There are more important values. Do not turn into controlled animals for money!
A system13 is a complete manipulation of those who are in the system and do not understand this. Your unconscious and conscious behavior is the conscious planning of your behavior by other personalities. And this is not philosophy, this is reality. It has always been, is and will be.
EURRUB ona weekly double top resistance 🦐The market hasn moved up near the zone of the previous high created in march 2020.
Currently the price hit the resistance and is looking for a correction.
If the price will break and close below the 4h structure, at the retest of it we can set a nice short order according with our strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
The market has created a clear double top The market has created a clear double top on the fib retracement level and currently is testing a support structure.
Price is still supported by the ema 21 and the upper channel.
When the price will manage to break below the structure and consequently below the ema and also break the channel we can set a nice short order according with our strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
USDRUB looking up 🦐The market after a long downtrend has now broke the trend line and currently is moving in a side range.
If the market will manage to break and close the resistance structure we can look for a long order according with our strategy with possible first target at the next resistance structure.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
USDRUB short short short!Hey there!
Very simple setup explained in the chart. Basically stay short and if the pair closes above resistance look for very opportunities.
If you have any questions please leave them in comments.
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USD-RUBUSD has been in a bear trend against ruble since March, it formed a topping pattern as a descending triangle and started a bear trend. since then it made another defending triangle as a bearish continuation pattern and broke down from it the target of that large triangle is around 68$. its currently completing another small descending triangle with a target around 69$. this chart is a beauty , triangle inception :D.
the next technical support area on this chart is around 67.5$, also there is a gap around 68.5 which matches the target of the triangles.
these technical setups together increase the chance of the price to hit those price targets so this setup can provide good risk to reward high probability trade.
you can manage your risk around 71.5 and go short if we confirm a candle below the small triangle.