EUR new ATH vs RUBDoji candle on a monthly shows that buying pressure for EUR has been decreased recently, possibly EUR will start correcting soon in a long term trend.
EURRUB_TOM trade ideas
EUR/RUB buy: section fast transactionsHi, everybody! Pair of EUR/RUB are bought temporarily up, I wait for growth of the price to level at least 91.099.
So: purchase from the current level
TP = 91.099
SL = 89.970
EURRUBShort term targets for EURRUB to continue bull run.
The near-term target is upper line of the channel.
The target price is 99.
Red lines on the chart are critical supports that can be used to increase/decrease position according to macro economic situation and your own opinion.
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.
EURRUB IN TROUBLE?Short term the move seems a tad excessive but then again geopolitical tensions are weighting on the currency pair
Bearish breakout.Would only take a trade if the counter trend is broken with a clear retest. Patiently waiting...
EURO-RUBLE STRUCTURE| TRADING PLAN
EUR-RUB IS RETESTING STRONG RESISTANCE BEING HELD UP BY DIAGONAL SUPPORT
IF BREAKOUT IS CONFIRMED>>>
LONG ON PULLBACK
NEXT HISTORIC RESISTANCE ON THE CHART= FINAL TARGET
LIKE AND SUBSCRIBE!
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
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.
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.
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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.
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.
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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.
Trend lines and support/resistance levels for EUR - RUB pairThere are Trend line starts from 2013 and leads us to the future
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.
EURRUB D1The European currency has strengthened strongly after the lifting of quarantine restrictions. In relation to the Russian ruble, the Euro for two months has grown by more than 10 rubles and having reached the resistance level and begins a correction. After that, it will most likely continue its growth because the Russian economy is now not in the best condition and many predict the devaluation of the Russian currency.
EUR/RUBEUR/RUB is testing support near the global level of 84.35. We expect a rebound from it and continued growth with a potential target near the level of 92.60.
