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USDRUB

USD/RUB 1H Chart: New short term pattern spottedThe US Dollar reached the previously set target at the 64.15 mark against the Russian Ruble. After reaching the target the currency exchange rate bounced off the resistance provided by the upper trend line of a medium term ascending channel pattern. The trend line was also strengthened by a pivot point level. In the aftermath of the bounce off the rate has declined steadily while being supported only by the hourly simple moving averages, which have managed to pause the decline only for short periods of time. Meanwhile, Dukascopy analysts spotted on Monday that the decline is occurring in a short term descending channel pattern.
by UnknownUnicorn890690
USD/RUB: Short TargetA 62.24 short is reasonable, given the recent high of the day being 62.0485, and the low being 61.9385. Also, even though the 1 month and 1 day correlations have been negative, the market spread looks like it will likely become positive correlations fairly soon. This is given that less people seem to be indicating to trade against it leading to a small positive correlation in prices. As a Forex pair, I would still say it is overall medium to high risk given some of the recent fluctuations.
Short
by gamer456148