USDRUB trade ideas
forex usd rubits so hard to find but it possible will be increase till 73 after that we have pullback
so u should be carefull
at all its so good
USD/RUB broke out! Hello dear trader ! Russian rubble / US
Dollar pair breaking out of ascending triangle , closed above with volume support and going higher ! Targets : 77-84-94 ! Not financial advice
RUBUSD The "Strongest Currency of 2020" According to SomeI recently read something where it was noted that the ruble is the strongest currency of 2020.
Would YOU trade your dollars for rubles?
I didn't think so. Yawn.
USDRUBZone between 72-75 it should be happen have resistance there to rubble to strong again but our sight on the biggest resistance like 90
For long term and take a managment
USDRUB might reach 68-70If a breakout out of the ascending pattern happens, we may see a bull run to 68-70. Note that breakout may happen not now, but after another small correction.
short on USDRUBBearish exhaustion
Probably gonna fall massively
I am hence short on USDRUB
i.e. bullish on RUB and bearish on USD
Breakout of USDRUB (?)I don't believe there is much worth in T.A. on RUB pairs - it is a heavily manipulated and practically 'closed' currency. Clearly the government de-facto pegged it at around 60 so they could say they are stronger now than before the sanctions. However, it seems as though it has broken and backtested the wedge it has been trading in. 70-80 would be nice. Anyway, lets see.
USDRUB Supported and with a STOCH Bullish Cross!The USDRUB has been trading within a 5 month Rectangle pattern ever since the price retraced from the start of the war High. The price made a High on October 11 and has been pulling back since but for the 7th straight session, it remains supported on the 1D MA50 (blue trend-line), which since late July has been trading around the Rectangle's middle (median), thus acting as somewhat a pivot point.
This level of Support along with the fact that the STOCH RSI is making a Bullish Cross, presents a short-term buy opportunity, first towards the top of the High Volatility Zone and then towards the Lower Highs trend-line (dashed).
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Long term movement of the #usdrubI'm of the opinion that the ruble will still go up and may even update the previous height.
But before this happens, I expect the price to decrease to 30-35 rubles (potential level of reversal to an uptrend).
I see two options for the ruble reversal at the peak
1. Either by reaching 50% of the candle shadow; (most likely)
2. or by updating the previous top at the level of 200-250 rubles.
Short is recommended in USDRUBDowntrend can be seen in USDRUSSIAN RUBEL. ENTRY FOR SHORT CAN BE TAKEN
RUBUSD - symetric triangleRUBUSD is about to make a move - chances are it breaks up or down - for me chances for down are a bit bigger than up.
Lets see :)
Ruble vs USD Dollar From Speical Ops Start to PresentComments are added for notable events.
This is a daily chart.
Let me know anything that would be good do add as note.
Wish there was a Ruble backed stablecoin!
US Dollar / Ruble Historic ChannelWe're looking at performance of Russian Ruble almost since start of its existence as a national currency of Russia.
How all of a sudden Russian currency gained in such way? Many factors aligned to make such move in a given period.
Central Bank intervention
Fiscal policy shifts
Cutting Russia out of supply of Western goods and services, meant that sum of money wouldn't be converted to US Dollars or Euro for any further purchases.
High world oil prices
After implementing heaviest sanctions against Russian government imposed by the Collective West, it had immediate effect on increasing demand for US Dollar as a rescue security. This is what happens to national currencies of authoritarian countries with absolute control including the economy. People trust currencies of democratic countries with real market economy and system of ticks and balances. Big capital is attracted to places where the rule of law is a crucial part of the life of the civilization.
This is why many Russian oligarchs close to Vladimir Putin using state assets, where transferring their "fair" income and wealth to the West. Even their so called "elite" admits that US Dollar will last obviously more than their manipulated currency backed by rigged economy that relies on oil prices.
Here is where things get a little more entertaining. Central Bank of Russia has put all the resources available as a part of measure by the Russian government to convince Russian citizens that everything is in control to avoid social tensions and panic of masses.
But what Russian citizens don't understand is that this is the end of their normal lives as they used to live during high oil prices and access to western technologies. Now almost all means of production, components of which is one or the other way are related to west. Limited access to the primary factors of production will have a devastating effect not just to the economy, but generations yet to come will feel the effect of degradation of society in general.
Significant part of income of Russia which was in dollars and euros out of oil sale is now gone. Central Bank's oil reserves are frozen. This is a turning point for a domino effect.
The resources of intervening in currency market is shrinking. They wouldn't be able to keep like that forever. The more they hold, the higher it will go. One day obviously buying power of Ruble in different world markets will weaken and dollar will rise at the rapidest rate like the angle of steep fibonacci channels which also separates cycles into time periods.
usdrub update pair is in correction to make an ABC
now we are waiting for more bear move before upside toward 38-50% fibo level of previous wave.
please see my previous analysis as below
usd rub forex market trend analysisusd rub forex market trend analysis see pivot points how turns markets
USDRUB UpdateSeems like the best interpretation of the USDRUB wavework is bullish for the time being. Will not even attempt to speculate about possible fundamentals. Sisyphean labor that is.
Ready for takeoff. Expect FL180 shortly after departure.The Russian Ruble will follow the rest of the market. RTSI is already on its way to ~200..300. SPX and RTSI and all other indices will bottom out at the same time.
Note that none of the price action in RUB or RTSI is related to the events in Ukraine. It's all part of the global debt unwind. By the end of the crash the entire world will be bleeding heavily, and Russia will, too.
Ruble vs USD with Special Military Operation News in ChartRuble vs USD with Special Military Operation News in Chart including the recent Nord Stream event.
This is just for historical reference and not a political statement. The Ruble makes all the statement possible anyway : )
Enjoy.
US Dollar / Russian Ruble (updated)Mind the long-term demand zone which is based on support parallel trendlines dragged from lowest points with its specific angle.
I'd long whenever price falls inside green area or breaks out above triangular formation.
US Dollar / Russian Ruble SCHEME VIIUPDATED.
Fibs adjusted to long-term critical points of fractal.
Scenario in SCHEME VI:
