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USDRUB

USDRUB Long term analysis for Russian Rouble !Russian rubble had a strong correction to 68.25, but after that, formed the pattern triangle with T2 and T3 trendlines (1,2,3,4 points). You can find expected movement with green lines. In my opinion RUB will stabilize a bit on christmas holidays, but after, will decline up to 84.00, if CBR will not take strong actions. Anyway CBR cann't change the trend direction, but just hold motivate the market for several months. For long term strategy, fundamental changes must be made in fiscal policy and in the economy itself. If pandemic wil end in December, this fact will not help currency, there are other fundamental reasons why RUB is declining
Long
by AmiranAzaladze
The markets are running towards safetyThe beloved US dollar topples over the Russian ruble and aims to force the USDRUB exchange rate’s prices towards its resistance level. It is believed that bullish investors will continue to hold their dominance in the coming days as the US dollar gets more powerful thanks to the woes brought by the recent news about US President Trump. See, the markets are running towards safety as the leader of the world’s biggest economy catches the deadly coronavirus. Looking at it, the Russian markets started this Friday’s trading on a rough footing thanks to the news. This means that not only the Russian ruble but also the main stock market of the country was in shambles. And to make matters worse, the political tensions surrounding Russia isn’t helping the currency’s cause. In fact, it is one of the primary reasons for the ruble’s weak stance in the foreign exchange market. Unfortunately for bears, the crude market can’t help it defend itself this time around.
Long
by Financebroker
The markets are running towards safetyThe beloved US dollar topples over the Russian ruble and aims to force the USD/RUB exchange rate’s prices towards its resistance level. It is believed that bullish investors will continue to hold their dominance in the coming days as the US dollar gets more powerful thanks to the woes brought by the recent news about US President Trump. See, the markets are running towards safety as the leader of the world’s biggest economy catches the deadly coronavirus. Looking at it, the Russian markets started this Friday’s trading on a rough footing thanks to the news. This means that not only the Russian ruble but also the main stock market of the country was in shambles. And to make matters worse, the political tensions surrounding Russia isn’t helping the currency’s cause. In fact, it is one of the primary reasons for the ruble’s weak stance in the foreign exchange market. Unfortunately for bears, the crude market can’t help it defend itself this time around.
Long
by Financebroker
1
RidetheMacro| USDRUB Macro Outlook Commentary📌 macro financial level, COVID continues to be having a misplaced lasting effect among nations with locations like France and different European nations being hit once more with a 2nd wave. These unsure black swan activities make it very tough to give you alternate thoughts due to the fact any 2nd the important authority or authorities can intrude with the loose markets. 📍 Now, the IMF have made a forecast recent months that America will keep growing favorably in evaluation the Russia. However, those predictions are very unstable within side the present day weather because of COVID. It’s essential to hold a watch in this forecast as they may alternate if new records comes out signaling contrary convictions. E.g. if COVID receives worse within side the United States it’s not going they’ll develop quicker than Russia, particularly thinking about there’s a few hypothesis that 📍 Russia Exxon Mobil is a massive oil company in United States and there’s a inverse relationship between oil and the USD. Generally commodities will have an inverse relationship to the USD so there’s no surprise here that there’s an inverse relationship between Exxon and USDRUB. When Exxon goes down USD seems to rise. CURRENTLY Exxon (With Orange line) so there’s room to move up which could see USDRUB (with purple color line) fall in value, especially if the Untied States continue to open up its economy which will get people buying petrol, exporting more oil and factories using oil has advanced an early vaccine for COVID which can assist improve the economy and better economy Ahead. ✅ Exxon Vs USDRUB Chart Below 📊 📍 2nd we also want to see how the crude version impacts USDRUB. Since the 2000 we have VERY interesting statistics. That being there’s a 91% negative correlation between oil and USDRUB. Again, we’re data driven and reinforce that saying that oil has an inverse relationship with USD value. ✅ WTI Vs USDRUB Chart Below 📊 📍 3rd The final factor is the S&P500 priced in RUB to how wealthy America is compared to Russia. Because majority of peoples pensions are held within their country of residence stock index. Right Now S&P 500 dropping well day by day. so investors is long USD to protect against deflation in the S&P500 assets. ✅S&P 500 VS USDRUB Chart Below 📊 Like, subscribe and leave your comments below! 🤝 Until next time, Ride the macro
Short
by Ridethemacro
2
USDRUB 9 ideas out of 8 closed in +#USDRUB 9 ideas out of 8 closed in + Druzya, hello everyone, I haven't reviewed the USDRUB trading pair for a long time, as we follow the plan of the previous idea. The pair continues to move within the ascending channel. Currency pair Dollar Ruble USD / RUB began to develop the "Triangle" model. Where an additional bowl with a handle pattern was noticed inside, where the working out was very good. At the time of publication of the forecast, the US Dollar to Russian Ruble exchange rate is 77.32 As we can see, the price renews local new highs and is held in an upward channel and tends to the global resistance level, which we have at 79 Whoever holds the dollar now can make money on a small correction. But those who have no experience have nothing better to do, but just keep, as global growth awaits us. There are also patterns that indicate the continuation of the trend and thus the depreciation of the ruble. In addition, if you include fundamental analysis, then the country has a very bad economic situation. If there are grounds for revaluation or devaluation, such processes occur gradually, not created by a shock situation on the market, " Friends, if you do not know where to invest, write to me. P.S. If you keep everything in dollars, then this is not a good investment, since the dollar is only growing, but in the world market it is gradually depreciating.
by CHOWTRADE
1
The concerns in the commodity market and the political problemsThe concerns in the commodity market and the political problems faced by Moscow are slowing down the Russian ruble, allowing the also weak US dollar to steadily advance against in the trading sessions. In fact, the trading pair is on track to reach its resistance level by the latter part of the month. Moreover, crude prices are seen climbing up right now as a hurricane continues to lash out in the Gulf of Mexico. However, the main worry for the oil market is the expectations that the Organization of the Petroleum Exporting Countries will cut back on its estimates for global crude oil demand. If the demand will be adjusted lower, oil prices could fall down in the trading sessions, pulling the Russian ruble along with it. Meanwhile, the US dollar is also seen slowing down thanks to the jitters felt by investors as they wait for the outcome of the US Federal Reserve’s last official meeting before the highly anticipated US Presidential Elections next month.
Long
by Financebroker
1