USDRUB_TOM trade ideas
Rouble could see a collapse US President Joe Biden has said he would consider imposing economic sanctions personally targeting Vladimir Putin if the Russian president orders a new attack on Ukraine.
Meanwhile, British Prime Minister Boris Johnson urged European allies to have sanctions ready to go if Russia invades Ukraine.
that could lead to a dramatic fall in the Russian currency
USD/RUB WEEKLY TRIPPLE TOPOn Wednesday, the Russian rouble slumped, diving around 3% to hit a near two-year low past 81 to the dollar as Ukraine declared a state of emergency, with sanctions and invasion fears hammering Russian bonds and stocks. Ukraine told its citizens in Russia to come home. At the same time, Moscow began evacuating its Kyiv embassy in the latest ominous sign for Ukrainians who fear an all-out Russian military onslaught.
USD/RUB has been consolidating in a narrow range of 81.48-81.63 in the early Asian session amid the declaration of emergency by Ukraine and formed a triple top formation on a weekly chart. The USD/RUB pair peaked above the 80.0000 earlier today, returning to Oct. 30, 2020, high before retreating, potentially forming a Shooting Star. This one-candle pattern demonstrates a bearish response, signaling bulls have been beaten back. It touches and rebounds from the 81 levels. It would be interesting how the traders will reach in the following days and weeks. However, if the price does make new highs, there is a chance that some investors will be aware of this resistance failure. Their interest could become support, pushing the price yet higher. For now, however, traders should treat the 80 levels with caution. If the bears are awakened, they can bring the price to test the peak from April 2021 around 78. Looking at Fibonacci levels, which are confirmed many times on the weekly chart, the price can correct 61.8 Fibo level, which is strong support around 73 or lower to 50 Fibo levels around 70 and confirmed the formation October 2020 to December 2020.
But if the bulls decide to remain aggressive on the market, the price could be taken further north and reach the levels from the beginning of 2016 around 85.
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USDRUBThis is what I'm waiting for with the Ruble. I expect a quick sell off and then follow the pitchfork up as sanctions take hold. Unfortunately there's always a large spread on USDRUB so you have to be quite liberal with your stop loss. I could ride the roller coaster on this for a month and probably make a lot of money or just buy now and hold long term. What do you all think?
USDRUB long viewThe dollar's value against the Russian ruble has more than doubled in the last ten years. In 2012 the USDRUB exchange rate ranged from 29.0000-34.0000, while in 2022, the current USDRUB exchange rate was 79.4000. This shows us that the value of the Russian ruble has fallen by two and a half times in the last ten years, and current global developments could continue the further collapse of the Russian ruble. The first major fall in the ruble occurred in 2014 when the conflict between Russia and Ukraine began, and then the USDRUB jumped to 79.5000 level where we are now. Two years later, in 2016, the ruble fell to its historical level of 85.9300, after which the USDRUB exchange rate retreated, and again in 2020 at the beginning of the pandemic climbed above 80,000, forming the current high to 83,000.
It is very likely that we will soon see the USDRUB pair test its historical high again at 85.9300, and if this crisis continues and deepens, even more, we may see this pair at new historical levels on the chart. The pair has technical support in moving averages to continue the bullish trend. Our intermediate target is the previous high from 2020.
Usdrub on monthly chartUsdrub after hitting top bolinger on monthly chart -red square, usdrub declines again to test green support scd band on monthly chart, now getting rejected with rsi well above 50mark and aiming to test top bolinger on monthly again around 87-88 levels.
Let’s see developments from here.
Usdrub on daily Bitcoin on daily broke above top bolinger on daily- blue line , and now declining to test it from above.
It was resistance before- red square and stop bitcoin on the way up, let’s see if it will turns support and push price higher from here.
Red line is first support 3ema on daily.
Buy on this test of 3ema and I will look for reaction from buyers if price declines more to the blue line- top bolinger on daily.
USDRUB | RISE FROM SUPPORTUSDRUB is trading in a bullish trendline making good higher highs and higher lows, the current price has hit the top which can be the double top on shorter timeframe. We are expecting a dip atleast to 77 area and then bulls will again active to push the price byond the 80 levels.
Alternatively, the fall till support trendline will be a game on for bears and they can push the price to even lower.
Trade your levels accordingly.
USDRUB-SELL strategyAmidst the ongoing issues, we may create an opportunity for ourselves.
The market has for good reasons weakened the RUB, but also corrected a bit that move.
The chart shows we may have a SELL opportunity, and if missed no issue, but at least place a SELL order in case.
Strategy suggested SELL at $ 80.10 - 80.75 area and tale profit at $ 77.78 for now. The stop-loss I suggest at $ 83.27 for now.
We may add at $ 82 above when seen.
Short Vision on USD RUB for 21/02/2022Hello Dear Traders,
You find below my analysis for USD/RUB , the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame USD/RUB will fall to 77 as I am showing in my chart. Our Daily Goal is 77.15.
Currently, USD/RUB is moving towards the resistance level of 78.25, where there is some liquidity from this value we are looking for short-term selling opportunities of USD/RUB.
Good Luck and enjoy your Bearish Market for today.
Entry:@78.25
TP1: @77.85
TP2: @77.45
TP3: @77.15
SL: @78.55
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Usdrub buy 74.83Usdrub creates cluster of candles separated by gapping on daily time frame- orange square and this project support across- orange lines
Price hits top bolinger on daily from there and now declines back to test this support.
On 2min time frame in the same area single candle left behind separated by gapping- buy on this 74.83
Let’s see if this push price up from here to test top bolinger on daily again.
Green lines is tp targets