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USDRUB_TDB - USD/RUB

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USDRUB_TDB trade ideas

USDRUB sideway consolidationThe USDRUB pair continues its consolidation in the range between 90,000 and 100,000. We are literally sitting on the MA200 moving average and looking to see if we will see a break below or a bullish momentum that would launch this pair above 110,000. Even moving averages collect around 100,000 levels. We need positive consolidation above 105,000 and above moving averages for the bullish option. This would certainly boost bullish optimism and give an incentive to continue towards the previous high. Otherwise, we need a negative consolidation for the bearish option that will break below MA200 and lower us to a zone of around 90,000. After that, we can expect increased bearish pressure and a further weakening of the dollar against the Russian ruble.
by Financebroker
Will importers cave into Putin’s gas for Rubles demand?In what is widely seen as an attempt to circumvent Western sanctions and prop up the Russian ruble, Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching implications on global oil and energy supply. "I have decided to implement a set of measures to transfer payment for our gas supplies to unfriendly countries into Russian rubles,” news outlets quoted Putin as saying in a government meeting last week, adding that Russia would turn down payments for natural-gas supplies in currencies “that have compromised themselves,” including dollars and euros. Putin has given the Russian central bank and gas suppliers like Gazprom, Rosneft and Lukoil a week to implement the change. Why is Putin pushing for ruble payments? Russia’s decision came as the country’s oil trade has been left in disarray as importers put orders on hold amid a wide condemnation of the Kremlin’s attacks on Ukraine. Since the war broke out over a month ago, concerns of a global energy crisis intensified, sending pump prices skyrocketing to record highs and fanning global inflation fears. Economic sanctions imposed by the US and its Western allies have also caused the Russian ruble to fall to record lows in the early weeks since the war started, further weakening the Russian economy. Putin’s latest move sent the ruble to its strongest in nearly a month against the US dollar last week, although it was still down ~25% this year as of Monday, March 28, at ~106 against the dollar. Will importers cave in? Russia supplies nearly 40% of the European Union’s natural gas and over 25% of the region’s crude oil. Although the global oil cartel known as the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations played down concerns of a global oil shortage as the war drags on, many industry players fear a potential demand destruction that could cause oil demand to peak and fall when pump prices become too expensive. To reinstate the balance in oil supply and demand especially during wintertime in Europe, EU-based importers of Russian oil could then choose to yield to Putin’s demands and pay in rubles. However, EU leaders, shortly after Putin’s announcement, stood firm and rejected the Kremlin’s demands, with Slovenia Prime Minister Janez Jansa saying “nobody will pay in rubles,” Bloomberg News reported. The message was backed by leaders of Ireland, Italy, Croatia, and Germany, among others, ahead of a summit meeting in Brussels. The leaders stressed that Putin’s demand would be in violation of their existing contracts. Adding to Putin’s woes is US President Joe Biden’s pledge to deliver 15 billion cubic meters of liquified natural gas to Europe this year on top of the shipments that are already on their way to Europe. The probability of EU importers caving into Russia’s demands are also looking less likely as the EU steps up its efforts to discontinue buying Russian gas before 2030. Faster transition to renewable energy sources Instead of a far-reaching energy crisis that many fear could come out of the Russia-Ukraine war, sanctions against Russia and the Kremlin’s countersanctions could accelerate the transition to renewable energy sources. Europe could speed up the construction of LNG terminals across the continent to store LNG deliveries from allies including the US. Agora Energiewende, a German think-tank, suggests a 32% reduction in Europe’s gas consumption by 2027 if the continent slashes its use of fossil fuels and transition to wind and solar energy in the next five years. This measure could save the EU between 127 billion euros and 318 billion euros on gas imports, the think-tank said. Scaling up renewable energy in the EU could allow the continent to avoid 80% of today’s Russian gas imports by 2027, Agora Energiewende added.
by BlackBull_Markets
USDRUB sideway consolidationThe USDRUB pair was in the range of 95,000-105.00 this week. We did not have any significant jumping below and above the support and resistance zones. If we follow the moving averages, we will notice that the pair has fallen below the MA200 moving average, which may signify increased bearish pressure. For the bearish option, we need a drop to support at 90,000. If the bearish pressure continues, our next support is at 80,000, the place where we were before the conflict in Ukraine. We need better positive consolidation and return first above the MA20 and MA50 moving averages for the bullish option. Then again, we come to the resistance at 105,000 level. A break above could take us up to 110,000 levels and an MA200 moving average. A break above would increase the bullish pressure, and our first next resistance is at 120,000 levels. If we see a jump above, then we can expect the potential formation of a new all-time high.
by Financebroker
USDRUB on the line MA200 H4 time frameToday, USDRUB is consolidating in the range of 95,000-100,000 on the MA200 moving average. Yesterday, the Russian president stated that all countries that imposed sanctions on Russia will pay their obligations for the gas and other energy sources in Russian rubles. This strengthened the Russian ruble because it was in the range of 105,000-110,000 yesterday. We need a new bullish impulse for the bullish option that would raise the USDRUB pair above 110,000. Then we would get support in MA20 and MA50 moving averages. The next major target and resistance zone is at 120,000. We need a break below the MA200 moving average for the bearish option, and we are looking for support in the zone around 90,000. If bearish pressure continues, we are looking for the next potential support in the zone of around 80,000.
by Financebroker
2
USDRUB testing 100,000 levelThe Russian ruble fell to its historic low of 154,350 last Monday. After that, we have the withdrawal or consolidation of the previous bullish impulse. Pair USDRUB fell to a two-week low of 94,000 yesterday and is in consolidation above 100,000 today. If from this consolidation, the pair climbs above 105,000, then we can expect to continue all the way to the upper trend line in the zone around 115,000-120,000. The moving averages of the MA20 and MA50 are on the bullish side, and the MA200 is waiting for us in the upper trend line. A break above 120,000 and MA200 could be a sign that we are continuing on the bullish side. We need a withdrawal below 100,000 levels for the bearish option, and then our first support is at 90,000. If the bearish pressure continues, then we can expect the return of the USDRUB in the period before the Ukrainian crisis.
by Financebroker
Russian Ruble to Lose 66% of its Value Against the DollarThere are 81 Russian Rubles in one USD today. This is not the first time the RUB has devalued this much against the Dollar. We have an ascending triangle in the FOREXCOM:USDRUB chart that has spanned six years of price action. Once that triangle breaks upwards, we have a price target of 135. Let us keep watching this triangle to see if it will indeed break upwards. Then we can set up a trade on this pair. If you want to be notified on updates on this idea, then give me a like/follow. Thanks.
Long
by TechNerdOmar
1
USDRUB consolidationThe last two days, the pair moving in the range of 115,000-140.00, we are now testing the lower support zone. The Russian ruble is slowly stabilizing, and this pressure could make a break below this support zone and send us to the next support zone, 100,000-105,000. The MA20 and MA50 are now on the bearish side, while our MA 200 is in the zone of around 110,000, where we can expect the first potential support. Greater psychological support is at 100,000 levels. If we are waiting for the bullish option, we need a new positive consolidation and at least a jump above 130,000 in order to expect the pair to continue towards the 140,000 resistance zone. After that, our target is 154,200 historically high, and if the crisis continues around what is happening in Ukraine, we can easily see the formation of a new historical maximum.
by Financebroker
USDRUB-SELL strategy I am not promoting to trade this one, but for analysis purposes why not. The fundamental key is an end to the horrible situation of Ukraine. This may then slowly dampen the weakness of RUB, which is expected to remain for some time. In terms of technical picture, its way overbought and we should see move lower back to $ 100 before upward trend again. So guess for those that trade it, SELL current is likely the way to go. DO NOTE ANYTHING CAN HAPPEN nd its not advised to trade it.
Short
by peterbokma
12
USDRUB chart analysis After the Russian ruble climbed to an all-time high of 154,200 on Monday, we now have a bearish consolidation where the USDRUB pair is seeking potential support. For now, we find support at 120,000, and the pair fails to make a new break above 140,000. USDRUB has already formed twice on the lower high chart, which is a sign of the weakening dollar and the strengthening of the Russian ruble. If this trend continues, there is a chance that we will visit the psychological 100,000 level before the next stronger bullish impulse. Moving averages are on the bullish side, and based on them, and we can expect further continuation. Russia has abolished the value-added tax for gold buyers and banned the purchase of foreign currencies as a measure to strengthen its currency. The situation in Ukraine remains volatile, and any news, whether positive or negative, may affect the USDRUB.
by Financebroker