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Euro / Russian Ruble TOM

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EURRUB_TOM trade ideas

The January 2016 resistance lineThe pair will fail to break out from its January 2016 resistance line, sending the pair lower towards an uptrend support line. Germany is expected to post a 6.4% unemployment rate for the fourth consecutive month today, September 30. In addition to this, analysts are expecting a negative change in unemployment for the current month at -8K. This suggests that the EU’s largest economy is struggling to return to its normal economic health despite containing the virus. For investors, the recent figures mean that Germany’s economy is not recovering. On the other hand, Russia recorded it’s highest one-day increase of COVID-19 cases in more than three (3) months with 8,135 new cases. Despite this, the country was seen expanding its trading deals with other countries including Belarus, South Korea, and Japan. Currently, it accounts for almost half of Belarus’ foreign direct investments (FDI), and its trade deal with South Korea is nearing $25 billion.
Short
by Financebroker
EUR/RUB (Euro / Russian Ruble)-> Analysis of 26 Aug. -> Hello my Friends, here my 4H-Chart idea to EUR/RUB. -> (all further information can be found in the chart) -> Please note: These analyses are not intended as investment recommendations! The analyses presented by me are in no way to be understood as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. Many thanks for your attention
by Erice10
11
The political tensions in BelarusThe Russian ruble remains vulnerable against the euro and prices of the exchange rate are projected to climb towards their resistance level very soon. The political tensions in Belarus are the main fundamental that’s affecting the confidence of the Russian ruble and its investors. Just recently, it was reported that two opposition members were jailed. Olga Kovalkova and Sergei Dylevski are both known members of the National Coordination Council. Reports say that they were set up by the exiled opposition leader Svetlana Tikhanovskaya following Belarus’ widely discredited presidential poll. Alexander Lukashenko has claimed a fresh term in the office even after 26 years in power. However, both the United States and the European Union rejected the August 9 vote, saying that it’s neither free nor fair. Moreover, the bloc’s single currency is also facing some volatility as its strength is linked to the greenback’s fluctuating strength.
Long
by Financebroker
USDRUB Monthly/Weekly outlook 🦐USDRUB on the monthly channel is clearly in bull trend with some sharp crazy spikes and volatility. Market recently touched the lower monthly trendline and start a new bullish move. On the weekly chart we can see that the price retraced till the 0.618 of the previous leg and started a new impulse. Three weeks ago market hit again the weekly resistance and gain momentum for a break of it. We can expect the price to break over the structure for new recent highs. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
6
EURRUB ona weekly double top resistance 🦐The market hasn moved up near the zone of the previous high created in march 2020. Currently the price hit the resistance and is looking for a correction. If the price will break and close below the 4h structure, at the retest of it we can set a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Short
by InkyGrip
2
The Russian ruble is in a tough predicament against the euroBut bearish investors are looking for ways to recharge the commodity-linked currency in the trading sessions. The euro to Russian ruble exchange rate is forecasted to go down to its support level as bears hope for support from Russia. Just recently, it was reported that the Russian government is seeking to add around 1.9 billion US dollars in taxes from oil and gas. Reports say that the finance ministry of the country is looking to gain more tax proceeds by officially amending the tax code and the profit-based tax. This creates a rift between the government and the Russian oil industry, but bears are hoping that it could generate more funds to support the economy and buoy the ruble. And as for the euro, the notable performance of the eurozone’s economy is buoying the single currency against the Russian ruble, putting up a much tougher fight for bearish investors.
Short
by Financebroker