During the recent trading sessions the US Dollar has made a rebound against the Russian Ruble. Due to that reason a surge is to be expected. However, various details reveal that the bulls might still pass this rate. First of all the pair is still located in the borders of the junior pattern channel down pattern .That means that it’s upper trend line will continue...
The US Dollar has been depreciating against the Russian Ruble during the last month. However, recently the currency exchange rate has reached the support line of a dominant descending channel pattern. The dominant pattern has a very small angle of decline, which means that most likely we will soon see the formation of a new ascending junior pattern. However, the...
Market analysis; The pair is now trading near the support zone with a strong triangle zone too. If the market holds the triangle support we can expect a rally up to the next resistanc. So let's wait and see what the market does in the coming days, cheers!
Another way to go long oil for a short term bear rally. Short USDRUB (VIA long RUR single contract per $100,000 of capital) @ .01268 for contract or the equivalent of ~77.4 USDRUB Risk is .67%
Since star of 2000 Russian Ruble fell against Gold 10-fold: 7500 RUB per troy ounce in 2000 75000 RUB per troy ounce in 2015 5-year trend still intact: price trading above 1st upper standard deviation from 5-year mean (at 63650 now)