USD/RUB MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDRUB
Currency pair development USD/RUBThe currency pair continues to develop a structure of decline to the level of 69.96. After that, growth is expected to 70.50. And with the breakdown of this level upward, the potential for growth to 72.00 will open. With a decrease to the level of 69.90 and its breakdown downward, the trend may continue to 68.00.
USDRUB ideaUSDRUB idea
At the moment, I am considering 2 options for movement
On the chart, I pointed out the option for the long and the option for the short one, because: the trend line was broken and there was a retest.
If the price is fixed at level 70 then it is possible long, if its price is fixed at level 68 then you can try to sell
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.
💵USD / RUB 1W. As one of the scenarios ...Friends, I have not looked at the dollar chart for a long time, I think it’s worth fixing!
I write a review based only on technical analysis, so do not judge strictly.
In general, for me the picture looks bullish, I will explain why:
1️⃣ broke through the downtrend, thereby the falling wedge
2️⃣ closer to global support at 67.2 rubles
3️⃣ a potential double bottom and a flat top triangle are visible on the daily chart
If someone is thinking of buying dollars, I would start while we are above global support. In the near future I am waiting for a rebound towards the level of 0.5 Fibo.
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I will also be glad to see your comments under the idea, what do you think about this?
#USDRUB
USDRUB LongFrom a monthly PoV, pair has retraced to around the 61.8% fib level, which lines up with previous market structure (i.e resistance). If this level will hold as support, then it could be the point where retracement end.
Target is gotten from the weekly chart at the previous weekly support; further conflunce for target is that it lines up with the 38.2% fib level taken on the retracement leg from the monthly chart.
On the daily chart, market is forming an accumulation in the form of a wedge/pennant. If the pair would break out of this structure with a strong impulse on the daily chart, then entries can be sought on the retest of the structure, either on the 4hr, 1hr or lower time frame, depending on preference.
Patience is important. Best of luck!
USDRUB is gaining popularity among tradersThe USD / RUB currency pair is gaining more and more popularity among traders, despite the fact that the Russian ruble is not a fully freely convertible currency. The ratio in this currency pair is quite strongly tied to oil quotes and this makes the movement of currencies in the pair relatively predictable so that it is possible to carry out profitable currency transactions with a high degree of certainty.
The pair continues to move within the correction and the downward channel. At the time of the publication of the forecast, the rate is 69.33. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of American currency. As part of the forecast for the dollar on June 25, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 70 rubles per dollar.
When the breakdown of resistance is waiting for growth to 72.
Cancellation of the option breakdown of the support area and closing of quotes below the level of 68.5. In this case, we should expect continued decline to the level of 64.7
Once again, I understand you that RUB is an unreliable currency to save your money.
Friends, do you want to increase your capital with minimal risk, write to me)
$USDRUB falling wedge reversalRussian Ruble price action is getting on bullish side:
- Falling wedge reversal in play
- Deviation / fake-out below Range Lows to hunt stops
- Consolidation in progress between Fib Levels 0.7 and 0.61
- Major news events. Russian Federal Reserve lowered interest rates. Cash and carry strategy used by foreign investors become less profitable. Money pulled from Ruble to USD and EUR.
Price action may dip further to capitulate, but overall price is set to skyrocket soon.
Target: Previous untested highs.
This is not financial advice.
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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Monitoring pair USD/RUBThe currency pair is trading in the consolidation range around 69.90. Today we consider the probability of a decrease to 69.00. And with the breakdown of this level downward, the potential for reduction to 68.75 with the prospect of working off the level of 67.50 will open. If you exit the range upwards, correction to 71.00 is not excluded.
USDRUB go to 80.Hello everyone.
The dollar is getting more expensive, the ruble is getting cheaper.
What awaits us next?
The main trend is still an uptrend.
In general, we can expect that sooner or later we will see a breakthrough. Given that all the new factors that have added to the big picture now are more bullish, since we have good support.
I think that growth has begun. A good first wave, we are waiting for a correction and further up.
You can try to open positions from the current ones or wait for one of the following signals: a strong pinbar, or the formation of local consolidation or a rebound from the trend.
Therefore, we have more signals for growth.
This global trend is characterized by sharp jumps approximately every 5-7 days. If we recall the crises of 1998, 2008, 2014, then on the whole there is an opinion that the country is constantly in crisis, and it does not come out of it.
And fundamentally and technically for me everything looks bullish, so I continue to wait for growth.
Friends have suggestions, or you do not know where to invest, write to me in PM.
USDRUB drop to 70?Friends, hello everyone. Today I want to do a review on a pair of USDRUB. This pair is trading in a double channel and a descending wedge is drawn, which signals a possible fall of the ruble to the level of 70 for 1 dollar. Just as we know, we have bad news on fundamental analysis - money continues to be printed. I associate this strengthening of the ruble with rising oil prices. And who thinks about this?
The Russian ruble had a great run last monthThe Russian ruble had a great run last month against the US dollar despite the massive economic hurdles faced by Russia. Bearish investors are hoping that June could be positive for them as well. Looking at last month’s rally, data from the Moscow Stock Exchange shows that the Russian ruble strengthened by more than 6% against the US dollar. The allowed the 50-day moving average to curve and has revived the hopes of bearish investors to force it even lower towards the 200-day moving average. Looking at Russia’s economy, it appears that’s it’s entering a deeper economic slump than expected. However, investors remain hopeful as it’s not as deep as other hard struck countries like Brazil, Spain, and Italy. The Russian gross domestic product is expected to drop by about 5% this 2020 thanks to the pandemic. Experts believe that the pandemic will cut off about 3.3% of Moscow’s growth rate which is already lackluster.
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.