EURRUB trade ideas
EURRUB 1 HOURThe Russian ruble strengthened amid a fall in the dollar and the euro, which was caused by rising oil correction. But this is not for long. The Russian economy is not in an easy position. Its revenues depend on the energy sector, which is now at the bottom. The country's budget is not replenished, but rather provides support to companies involved in oil and gas. China, which is the main trading partner of Russia, has closed its borders and the raw materials of the Russian Federation do not go to heaven. The country is under a large package of features. The quarantine period in Russia will last until April 30, but it may be extended. At this time, economic activity will be minimized. In Europe at the moment, too, not everything is good, because it is also in a regime of self-isolation and business activity is also minimized. But the euro against the ruble is almost the same as the dollar, and the dollar is now playing a long batch for strengthening. Therefore, the euro expects further growth.
EUR RUB its seems to start a down trend movementbecause of breaking the support line, and double top reaching , and the Higher High wasn't higher than the previous high, and also the MACD and RSI movement , my idea is a Downtrend movement.
please dont use this technical Analyze for short positions, its long, and dont forget to take a Stop loss for 1% of wrong movement.
EUR/RUB Symmetrical triangle. Trends Reversal zones. On the graph, we see a symmetrical triangle that has been forming since 2014.
A symmetrical triangle is a figure of uncertainty. The percentage of up / down in the ratio of 50/50. The price is clamped. This year will be the denouement of the global movement.
Now the price is in a downward channel , have come close to the trend line of the triangle (green line), which will act as a support.
Pay attention to the main trend and secondary trends. I graphically depicted. Particular attention to the main trend (orange trend line) , not paying attention to the local downtrend now, we are in an uptrend.
Breaking down a downtrend secondary trend (triangle resistance, red line) will mean a reversal of the local downtrend and the formation of a new uptrend. The full development of the potential of this triangle is 90%.
All the pivot zones on which the formation of one or another potential movement and target depends, I showed on the chart.
EUR/RUB failed to breakout from a major resistance lineThe pair failed to breakout from a major resistance line after its four (4) day rally. Croatia will take over the presidency of the European Council on June 30, 2020. Croatia said its strategy will be based on the main pillars: “A Europe that develops”; “A Europe that connects”; “A Europe that protects”; and “An influential Europe”. However, the “influential” part of it is at stake. Russia backs the ruling party of the Croatian Democratic Union. Croatia also considers Russia as its third-largest trading partner. It is also one of the largest importers of Russia’s liquified natural gas. Meanwhile, Serbia bought Russia’s Pantsir S1 air-defense system. Serbia is one of the five candidate countries for EU membership. In line with this, the EU cut its budget for Kaliningrad Transit Scheme. The transit allows Russian citizens in the exclave Russian territory to travel in Lithuania by road towards mainland Russia.
eurrubThe Russian economy is going through hard times. The country is influenced by a huge package of sanctions from Western countries. Last year showed economic growth, but these indicators were created artificially to calm the country's population and players on the Moscow Exchange. This year, the country expects a significant collapse of markets and currencies. The reason for this is new sanctions, a change in government and the country's constitution. Ruble awaits collapse.
EUR/RUB will continue to fall lower in the following daysThe pair will continue to fall lower in the following days after it failed to breakout from a downtrend channel resistance line. Geopolitics have changed following the election of US President Donald Trump. He became the face of populist leaders rising across the world. This became problematic with traditional allies, specifically with the European Union. Germany has since then increased its ties with China while France move closer with Russia. President Emmanuel Macron went on saying distancing to Russia was a major error for the EU. 2019 has been a challenging year for the EU’s foreign policy. This was after Russia increased its holding of Crimea, a Ukrainian territory. Ukraine is an official candidate of EU enlargement policy. Meanwhile, Belarus and Serbia are moving closer to Russia. These countries were in talks with the EU to become future candidates for accession on the largest trading bloc in the world.
EURRUB Buy SignalPattern: 1D Rectangle.
Signal: Bullish as the price is near the 1W Support.
Target: 73.500 (below the 1W Resistance).
EURRUB Buy Signal (long-term)Pattern: Based on the 1W RSI, it is repeating a pattern seen in 2016/ 2017.
Signal: Bullish as the price appears to have made a bottom on the 69.800 Support.
Target: 73.500 and 77.300 (0.618 Fibonacci retracement) for longer term.
EURRUB - Daily - At a tricky spotTrade idea.
EURRUB could be forming a flag on the daily chart. Currently, the pair is sitting around its 200 EMA. For now, we will sit back, relax and wait for a clear break through one of the highlighted areas before we examine a further directional move. If the pair breaks through the 74.00 zone and closes a daily candle above it, this might confirm a possible flag and the rate may accelerate further, as more buyers could be joining in.
Please see the chart for details.
Don't forget your stop-loss.
EURRUB Sell SignalPattern: Support/ Resistance trading.
Signal: Bearish as the price hit both the 1D Resistance and MA200.
Target: 71.700.
EURRUB | A Possible Mid-Term BUY Area.Hi,
Slowly I start to add some mid-term (weeks, months) trading & investment opportunities into my TradingView account.
The first one which looks technically pretty nice is EURRUB. Pretty soon you can start building your long position on EURRUB and it starts from the round number 70. Obviously, do your own research, read fundamentals and etc.
Technical criteria are:
1. Previously worked resistance becomes support.
In 2017, this level worked 2 to 3* times as a resistance level. Actually, it has worked also as a support level - in 2016 July and 2015 October-November
2. The round number 70 should act as a support level
3. The black trendlines make this wide support area much stronger
4. Weekly EMA200 acts as a support level.
5. Minor trendline (blue) third touch matching exactly with the blue box. This minor trendline is also a lower trendline from the bullish chart pattern "Falling Wedge". It is just information because patterns are only then valid when the breakout has occurred!
6.(!) Wait for a bullish candlestick formation to be more secure.
As said, do your own research and if this matching with mine then you are ready to build your long position!
Please, take a second to support my effort by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
Interest rate desicion from 7.50 to 7.50 middle volatibility Three minutes after the news ingress with sl about 20 pips on, and Tp to 55 pips.
tp will done in 5 minutes.
be carefull with the swing after just that !!
