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USDRUB_TOD - USD/RUB

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USDRUB_TOD trade ideas

USDRUB UP 4 HOURSAfter a huge growth that began after the New Year's holiday, the USDRUB currency pair made a strong downward movement and almost returned to its original positions. But recent events in Russia related to the vote on the change of the constitution, began to question the stability of the Russian currency. The media are talking about a possible devaluation of the Russian currency. And there are a number of significant reasons for this. This is the situation associated with the global epidemic, and the instability of the commodity market, and changes in the political and constitutional system of the country. Also, in turn, the dollar can be expected to strengthen due to a possible drop in oil prices.
Long
by StrongBull777
USDRUB, Triangle Symmetrical Bottom (bullish)STATUS = Confirmed CURRENT CONFIDENCE = 60% TARGET (EXIT) PRICE = 71.916700 RUB BREAKOUT (ENTRY) PRICE = 71.230000 RUB DISTANCE TO TARGET PRICE = 0.51% (36.8 pips) EMERGED ON Jul 16, closing price CONFIRMED ON Jul 16, 07:01 AM (UTC) WITH CONFIDENCE LEVEL = 67% Tickeron AI shows that the Symmetrical Triangle Bottom pattern forms when the price of a pair fails to retest a high or a low and ultimately forms two narrowing trend lines. As the support and resistance levels consolidate, it forms a triangle (1­5). Symmetrical Triangles are characterized by the upper line sloping downward and lower line sloping upward. The price movement inside the triangle should fill the shape with some uniformity, without leaving large blank areas. This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. However, there is a distinct possibility that market participants will either pour in or sell out, and the price can move up or down with big volumes (leading up to the breakout). Trade idea If the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a pair or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern height from the breakout point. The height of the pattern is the difference between the highest high and lowest low. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Long
by AlTorress
USDRUB, Rectangle Top (bullish)STATUS - Confirmed CURRENT CONFIDENCE = 61% TARGET (EXIT) PRICE = 71.170617 RUB BREAKOUT (ENTRY) PRICE = 70.855133 RUB DISTANCE TO TARGET PRICE = 0.56% (39.9 pips) EMERGED ON Jul 13, 07:00 PM (UTC) CONFIRMED ON Jul 13, 07:30 PM (UTC) WITH CONFIDENCE LEVEL = 75% Tickeron AI shows that the Rectangle Top pattern forms when the price of a pair is stuck in a range bound motion. Two horizontal lines (top: 1, 3, 5) and (bottom: 2, 4) form the pattern as the pair bounces up and down between support and resistance levels. Depending on who gives up first ­ buyers or sellers ­ the price can breakout in either direction. This pattern is commonly associated with directionless markets. Usually the pattern performs better when there is a strong uptrend leading into the formation. Trade idea Tickeron AI shows that If the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a pair or a call option at the breakout price level. To identify an exit, compute the target price level by adding the pattern height (which is the distance between the horizontal line (from top to bottom) and add it from the breakout price. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Long
by tickeron