USDRUB
USDRUB Consolidation patternUSDRUB is in a consolidation pattern looking to break out. The consolidation is getting tighter and tighter. Look to go LONG or SHORT once a direction is found. If it breaks below, I will go short and hold for a long time because there is very little support beneath 48. (My bias remains on the downside but only time will tell.)
USD/RUB could take off very soonMany people expect Russian rouble to rise as per fundamentals. I tried to assess the perspectives of this pair as per wave patterns. What is definite for me is that the decline is almost over before a major correction or a complete reversal starts. This is why any short trades are limited. I would advise trading only long trades as per your strategy.
USDRUBIs this analisis right or wrong?
The answer will be given in the middle of 2018.
For now, we are looking close to 0.5 Fibo level, as the price 54.50 is shown.
There might be a good long term buy (long positions) opportunities.
The "carry trade" is more preferable, it means
we will open short positions as USDRUB price goes to 86-88 for long term investment.
[USDRUB] waiting for bullish signal ...Recognize potential false signals could be useful, and this idea could become an interesting discussion for the next sessions. From a technical point of view, if there will be a breakout (bullish), the target will be around 61.00 and fake signal (bearish) will be confirmed. Wait for the breakout to confirm bullish signals or follow our next analysis.
Thank you for your support and trade with care!
USDRUB (MOEX). New count. Back to September idea. Target 44. Quite often the first idea in your mind is correct, call it divine providence but it works.
So the more I am analyzing corrective structures the better should be labelling ))).
So this detailed count of what was seen last September - into related ideas below.
The target is conservative at 44 RUB where Y=W.
USD/RUB Daily Outlookgoo.gl
goo.gl
Today, the overall USD sentiment was bullish as a continuation of latest hype on the tax-reform that POTUS will present in the next future.
What also helped the USD bullish sentiment is the expected good outcome of this weekend’s meeting between POTUS and Japan’s Prime Minister.
One exception was the USD/RUB: USD lost 1.25% against the RUB. The possible reason for this is that markets might be foreseeing a reduction in the sanctions grip on Russia in the near future.
The no-brainer direction in this pair is still to the downside ruled by a descending-channel in the Daily chart.
The likelihood of this pair moving upside is thin but we shouldn’t rule out the sentiment of obvious oversold condition since the markets are feeling they might have anticipated correctly a release of the sanctions on Russia.
Trade safe!
Alberto Alvarado