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USDRUB

USDRUB made 7 year lows but getting close to long-term buy levelThe USDRUB pair hit this week the lowest levels since June 2015, marking a remarkable turnaround for the Ruble (drop on the pair around -65%) since the March 2022 High at the peak of the Russia - Ukraine invasion. With this massive drop, the pair is getting very close to the Higher Lows trend-line that started during the subprime mortgage crisis in the U.S. on July 2008. This chart is on the 1W time-frame (log), with the RSI also approaching its own multi-year Support Zone. With the April - May 2015 Support Zone (made during another period of huge uncertainty in Russian economy) also close around 49.00, it is obvious that the price is near the most significant long-term Support cluster. As a result, our long-term strategy on the pair has turned heavily bullish, targeting at first the Pivot trend-line (71.00) that should act as the first Resistance. The pattern is invalidated if we get a monthly candle closing below the 2008 Higher Lows trend-line. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
Russian Ruble - Harasho Normalina First of all: We Hate war. All people should and could live in Peace! May Peace happens fast. (Now if possible) To the math: Russian Ruble attached to Gold standard + Putin's 'Ruble for gas or no gas at all' rules = an EPIC recovery To the chart: Price of USDRUB on support and i personally expect this to reverse back up, in other words i see the Ruble leaving some gains behind next. Volatility will be on as MAY 9 approaches and we don't know what to expect fundamentally. Will Putin make things worse on May 9 (Victory day)? Or will he call an end and pull out? The first scenario might seem more likely but we could expect surprises. In any case, no politics here..just PEACE you idiots! One Love, the FXPROFESSOR 🕊️ (Let the Crypto Unite You - Be traders, not Soldiers)
Long
by FX_Professor
3
USDRUB March 20221. Freezing the reserves of the Central Bank of Russia is a stupid move (this is default of western financial values). 2. Freezing the assets of the big oligarchs is an even sillier move. You can't demand the overthrow of Putin and take money away from those who oppose him. And this is happening right now. 3. Total ban on dissent in Europe and the United States. 4. Reason is lost in the US and of course the Euro-Atlantist puppets in Brussels are also economically killing their peoples in Europe. Macron said about the ration cards.... Maybe he wants a cake? 5. The migration crisis from Ukraine will still have a negative impact. (The number of crazies there was off the charts before, and it's going to be even worse now.) 6. You can't replace gas supplies to Europe faster than 6-7 years and that would be an inflationary shock. 7. Hunger in Africa is a reality this year. All of Africa will run to Europe, maybe even with guns. 8. If Russia transfers trade in energy resources to domestic exchanges and for the Russian ruble, it will be the beginning of a new trend. In this case, I would bet on Russian assets. 9. Let's wait, for a while, until the end of active hostilities and the signing of peace treaties. TSTW.
Short
by AlpacaBlack
Will importers cave into Putin’s gas for Rubles demand?In what is widely seen as an attempt to circumvent Western sanctions and prop up the Russian ruble, Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching implications on global oil and energy supply. "I have decided to implement a set of measures to transfer payment for our gas supplies to unfriendly countries into Russian rubles,” news outlets quoted Putin as saying in a government meeting last week, adding that Russia would turn down payments for natural-gas supplies in currencies “that have compromised themselves,” including dollars and euros. Putin has given the Russian central bank and gas suppliers like Gazprom, Rosneft and Lukoil a week to implement the change. Why is Putin pushing for ruble payments? Russia’s decision came as the country’s oil trade has been left in disarray as importers put orders on hold amid a wide condemnation of the Kremlin’s attacks on Ukraine. Since the war broke out over a month ago, concerns of a global energy crisis intensified, sending pump prices skyrocketing to record highs and fanning global inflation fears. Economic sanctions imposed by the US and its Western allies have also caused the Russian ruble to fall to record lows in the early weeks since the war started, further weakening the Russian economy. Putin’s latest move sent the ruble to its strongest in nearly a month against the US dollar last week, although it was still down ~25% this year as of Monday, March 28, at ~106 against the dollar. Will importers cave in? Russia supplies nearly 40% of the European Union’s natural gas and over 25% of the region’s crude oil. Although the global oil cartel known as the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations played down concerns of a global oil shortage as the war drags on, many industry players fear a potential demand destruction that could cause oil demand to peak and fall when pump prices become too expensive. To reinstate the balance in oil supply and demand especially during wintertime in Europe, EU-based importers of Russian oil could then choose to yield to Putin’s demands and pay in rubles. However, EU leaders, shortly after Putin’s announcement, stood firm and rejected the Kremlin’s demands, with Slovenia Prime Minister Janez Jansa saying “nobody will pay in rubles,” Bloomberg News reported. The message was backed by leaders of Ireland, Italy, Croatia, and Germany, among others, ahead of a summit meeting in Brussels. The leaders stressed that Putin’s demand would be in violation of their existing contracts. Adding to Putin’s woes is US President Joe Biden’s pledge to deliver 15 billion cubic meters of liquified natural gas to Europe this year on top of the shipments that are already on their way to Europe. The probability of EU importers caving into Russia’s demands are also looking less likely as the EU steps up its efforts to discontinue buying Russian gas before 2030. Faster transition to renewable energy sources Instead of a far-reaching energy crisis that many fear could come out of the Russia-Ukraine war, sanctions against Russia and the Kremlin’s countersanctions could accelerate the transition to renewable energy sources. Europe could speed up the construction of LNG terminals across the continent to store LNG deliveries from allies including the US. Agora Energiewende, a German think-tank, suggests a 32% reduction in Europe’s gas consumption by 2027 if the continent slashes its use of fossil fuels and transition to wind and solar energy in the next five years. This measure could save the EU between 127 billion euros and 318 billion euros on gas imports, the think-tank said. Scaling up renewable energy in the EU could allow the continent to avoid 80% of today’s Russian gas imports by 2027, Agora Energiewende added.
by BlackBull_Markets
Russian Ruble to Lose 66% of its Value Against the DollarThere are 81 Russian Rubles in one USD today. This is not the first time the RUB has devalued this much against the Dollar. We have an ascending triangle in the FOREXCOM:USDRUB chart that has spanned six years of price action. Once that triangle breaks upwards, we have a price target of 135. Let us keep watching this triangle to see if it will indeed break upwards. Then we can set up a trade on this pair. If you want to be notified on updates on this idea, then give me a like/follow. Thanks.
Long
by TechNerdOmar
1
USDRUB for a new ATH following the crisis 🦐USDRUB on the monthly chart is testing a historical resistance at the 80 levels after the test with a spike of the 0.618 Fibonacci level. The market after the recent news on the Ukrainian crisis is pushing higher and we can expect some break above for a new ATH. How can we approach this scenario? Even though is very risky to trade with high volatility if the price will break above we can move to the lower timeframes and check for a possible long entry. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger.
Long
by InkyGrip
2