USDRUB
USDRUB 90?In the previous forecast, I said that there will be an increase to 80.
Also, by popular demand, I am doing a new review.
And so now the price is trading at 79.9.
Recently, the price of oil has shown an increase of 10%. And I immediately received a lot of messages in a personal question with the question will the ruble grow ??
I will publish the answer here.
The price of oil fell 3 times. And showing growth of 10%.
And I think it’s very stupid to wait for the ruble to grow.
Also, besides nafta, look at the situation as a whole.
According to the calculations of Gazprombank, the oil price of $ 25 per barrel corresponds to the exchange rate of 80-85 rubles per dollar.
If you look at the technical analysis, then we are trading at the ascending channel, and there is a fractal situation on the chart, everything is indicated.
Also very often asked, will the ruble be 90 rubles?
I admit that with a further decline in oil prices, the dollar may test a level above 90 rubles.
P.S Friends, support this idea with your like and any comment.
TOP 5. Issue 30 from 21.03.2020Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals.
These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB .
If you like what you see, please fell free to hit the Like button and leave your comments.
Disclaimer:
By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
USDRUB, If it will back to the Key Level...There is a strong Resistance Key Level 75.484.
If the price will back to it we can look for Buy entry.
The best trade will be after the false breakout.
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Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
Russian ruble isn’t having any luck as well against the dollarThe Russian ruble isn’t having any luck as well against the dollar. The exchange rate has skyrocketed in recent sessions, with the ruble down 20% so far this year against the buck. Among emerging market currencies, the ruble has seen the worst losses as of yesterday. While most riskier currencies are being upstaged by the dollar, the ruble has suffered the shorter end of the stick as Russian President Vladimir Putin locked horns with Saudi Arabia and engaged in an oil price war. Although major central banks around the world have adopted emergency rate cuts to buoy their sinking economies, Russia is expected to buck the trend. Surveys show Russian central bank governor Elvira Nabiullina to end the series of six rate cuts. Rates are now expected to be on hold this Friday as the bank tries to avoid the further weakening of the ruble. For a few economists, however, a rate cut of at least 50-basis points is still possible in the future.
USDRUB to retest the top of Y2016 at 85.90Previous ideas reached the targets (see related).
But this pair didn't fully emerge therefore I expect it to retest the former top of Y2016 at 85.90.
It will be wave 5.
Wave 4 is unfolding now and it could be flat/zigzag or a triangle as in the larger degree preceding correction.
USDRUB to hit 80 after correctionThis pair hit the target set in my earlier post (see related).
But it looks like it is not yet done.
There is an ABC flat correction building on the chart and wave C down is pending.
After that the move up could emerge to hit 80 - at that level the large second leg would hit 1.272 of the first leg up
and 0.618 of the move preceding the current flat correction.
USDRUBSo many talks about RUB and Oil last days.
Well, as for oil - was waiting this downtrend since January , a lot of people told me that im incorrect and USOIL will go up... now its about 30$ per barrel, and im sure that this is not the end ( ofc oil will make a correction before going down again).
And now ruble . In 2018 we've made wave (1) and whole 2019 was a correction in wave (2). As u can see, price made a pivot just in the golden zone (61% fibo). After that, rub devaluated for about 20% in a few days. You think that think that this is the end? As for me, I think that this is only beginning. So globally we have 3 possible targets (yellow lines) : 89, 113, 145. In my opinion 89 will be too small, so for me main target in wave (3) is 113.
Stay tuned, I think in future I will post a few more ideas about Russian ruble .
If u wanna to support this idea - like and comment it, please.
USDRUB 1$=80In the previous forecast, I said that there will be growth when the price was 72 more.
The currency depreciated and reached an important level of resistance.
He also wrote that in the event of a further drop in oil, experts allow the dollar to cost more than 80 rubles.
But looking at the chart, the oil price continues to fall.
According to technical analysis, we have formed a double pattern of a bowl with a handle (a similar situation was on the hryvnia in the previous post)
I publish a very likely scenario of further price movement)
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work ❤️
USDRUB For Russia, the crisis is just beginningThe Russian currency was under pressure paired with the dollar amid the resumption of negative dynamics in the oil market.
In the event of a further drop in oil, experts admit a dollar more than 80 rubles.
I publish a very likely scenario of further price movement)
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work
TOP 5. Issue 29 from 07.03.2020Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals.
These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB .
If you like what you see, please fell free to hit the Like button and leave your comments.
Disclaimer:
By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
ridethepig | RUB Market Commentary 2020.03.02Fed rate cuts taking full control of the FX board as virus disruptions start to fade - it's time to go shopping in G10 and EM FX and the intervention policies will provide some USD relief. Here looking for a rebound into previous ranges in USDRUB as a pro-cyclical currency.
A test of the previous range we were trading looks around the corner:
The spread of the virus is naturally impacting global growth, and tipping OPEC towards intervention in Oil as well as a number of CBs. Markets now price Fed to cut 75bps by June - similar story in Australia with RBA, UK with BOE and BOC in Canada. Tracking closely for risk to find a temporary floor this week.
As usual thanks for keeping the likes and comments coming .. jump into the conversation below with your views on RUB!
TOP 5. Issue 28 from 01.03.2020Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals.
These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB.
If you like what you see, please fell free to hit the Like button and leave your comments.
Disclaimer:
By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
ridethepig | RUB Market Commentary 2020.02.19As widely expected USDRUB selling off from the 64.2x highs and a good time to collect half our chips from the table. Well done sellers, a textbook zigzag and flawless trade since the channel breakup so far. The spike was a textbook flushout with US sanctions acting as the catalyst.
For those tracking the previous diagrams the flows are wide open in the range, actively playing it makes complete sense to me in this environment:
Eventually expecting the grind towards the lows, risk sentiment around the COVID-19 will continue in the driving seat for further action here. Tracking closely 62.7x lows.
Thanks as usual for keeping the likes and comments coming!
ridethepig | RUB Market Commentary 2020.02.18As widely expected we got a test of the highs at 64.2x once the channel was broken (see diagram). The ladder is light and I like to play this tight range and look for a test of the lows.
"Eyes here, looking to sell 64.2x on the day..." - This is currently in play, although risk is showing now signs of abating the low sizings are keeping a test of the lows on the cards. Tracking closely the highs, if we get a breakup then I will not be stubborn and hold onto the shorts, I will close. This is a tactical range trade.
Good luck all those in USDRUB, we can open the short-term sentiment conversations in the comments if we get enough interest. Thanks as usual for keeping the support coming with likes, comment and etc!