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USDRUB_TDB - USD/RUB

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USDRUB_TDB trade ideas

USDRUB Long term analysis for Russian Rouble !Russian rubble had a strong correction to 68.25, but after that, formed the pattern triangle with T2 and T3 trendlines (1,2,3,4 points). You can find expected movement with green lines. In my opinion RUB will stabilize a bit on christmas holidays, but after, will decline up to 84.00, if CBR will not take strong actions. Anyway CBR cann't change the trend direction, but just hold motivate the market for several months. For long term strategy, fundamental changes must be made in fiscal policy and in the economy itself. If pandemic wil end in December, this fact will not help currency, there are other fundamental reasons why RUB is declining
Long
by AmiranAzaladze
The markets are running towards safetyThe beloved US dollar topples over the Russian ruble and aims to force the USDRUB exchange rate’s prices towards its resistance level. It is believed that bullish investors will continue to hold their dominance in the coming days as the US dollar gets more powerful thanks to the woes brought by the recent news about US President Trump. See, the markets are running towards safety as the leader of the world’s biggest economy catches the deadly coronavirus. Looking at it, the Russian markets started this Friday’s trading on a rough footing thanks to the news. This means that not only the Russian ruble but also the main stock market of the country was in shambles. And to make matters worse, the political tensions surrounding Russia isn’t helping the currency’s cause. In fact, it is one of the primary reasons for the ruble’s weak stance in the foreign exchange market. Unfortunately for bears, the crude market can’t help it defend itself this time around.
Long
by Financebroker
The markets are running towards safetyThe beloved US dollar topples over the Russian ruble and aims to force the USD/RUB exchange rate’s prices towards its resistance level. It is believed that bullish investors will continue to hold their dominance in the coming days as the US dollar gets more powerful thanks to the woes brought by the recent news about US President Trump. See, the markets are running towards safety as the leader of the world’s biggest economy catches the deadly coronavirus. Looking at it, the Russian markets started this Friday’s trading on a rough footing thanks to the news. This means that not only the Russian ruble but also the main stock market of the country was in shambles. And to make matters worse, the political tensions surrounding Russia isn’t helping the currency’s cause. In fact, it is one of the primary reasons for the ruble’s weak stance in the foreign exchange market. Unfortunately for bears, the crude market can’t help it defend itself this time around.
Long
by Financebroker
1
Good entry point for USDRUB bullsCurrently rub price is under great pressure as geopolitical and economic circumstances taking place. Big rally that is fueled by stock market partisipants fears has continued is the second half of July and brought us to 79.9 level RSI and EMA are broken. However, if take a look on daily chart there is still bullish trend with main support on 76.5 area. If it is broken by strong move or consistent uptrend I believe in pullback. Otherwise, this price area is the best to buy dollar and other leading currencies as USDRUB, EURRUB, CNYRUB and CHFRUB correlating a lot this year.
by Krackenhead