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U.S. Dollar / Russian Ruble TOM

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USDRUB_TOM trade ideas

USDRUB People are asking for the update on USDRUB . Nothing really has changed from my previous analysis. The only thing , I was sure that price will react on 87-89 range. But there is no sing of reversal from this level, so the next target is 95 rubles . About the target for shorts. I still think that we going to drop lower than 50 rubles . Second scenario is when price takes sellers liquidity. Because if we ask ourselves 'what price has made'? Correct answer is -- bearish break of structure (or change of character). So technically we are in a down trend from 2022. But after clear (in our example, bearish) choch price often moves higher to take previous high (121.50) as liquidity and only then price finally drops. I see this scenario all the time on 4h 15m or 5m charts. If so target is 137 rubles for 1 US dollar. But we have to stay positive and pray for 95 rubles level :)
Short
by margarita_morozova
3
Mutiny Sends Ruble to Lowest in 15 MonthsMutiny Sends Ruble to Lowest in 15 Months In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries over the weekend, which caused significant concern among traders. Initially catapulting to approximately 87 rubles per US dollar, the ruble later recovered some of its losses, settling at around 84.40, down 0.90% against the greenback. The Wagner group, led by troops loyal to their leader, made an unexpected advancement toward Moscow, covering hundreds of miles before eventually reversing course. In a deal struck with the Kremlin, it is reported that the group's leader, Prigozhin, will go into exile in Belarus. This incident is regarded as the most significant challenge to Vladimir Putin's rule and could weaken his leadership. The armed uprising also caused volatility in other markets. The international benchmark, Brent crude, rose by 0.8% to approximately $74 per barrel. The trading volume between the Russian ruble and Tether's USDT nearly quadrupled from $4 million on Saturday to $15 million on Sunday. In other developments, the Japanese yen strengthened by 0.11% against the US dollar, trading at 143.50 per dollar. Vice Finance Minister for International Affairs, Masato Kanda, stated that Japan was not ruling out intervening in the currency markets again. He expressed concerns about the yen's rapid and one-sided depreciation against the dollar. Japan previously intervened in the foreign exchange markets in September and October of the previous year when the yen hit a 32-year low of nearly 152 per dollar.
by BlackBull_Markets
Long or Short ?hi every one complete pullback to the trendline with 30% profit Potential The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
Long
by expay24
10
- and here is the cooldown The writing was on the wall for this one - >>rising wedge, >>longest MACD green swing in this pairs history >>lots of new analyses recently on this currency pair, which is usually dead, all of them bullish. However, though a pullback was long overdue, I'd say fundamentally nothing has changed. At a glance, DXY is down a bit, albeit on strong support, US banking sector is under some stress, and interest rates/inflation continue to be a problem. However, obviously Russia is doing far worse. My guess is, maybe 67-72 if it even comes to that and doesn't simply spring back up into the 80's.
Short
by AspiringPro
💾 U.S. Dollar Bullish Against The Russian RubleWe are looking at a monthly chart, this is an extremely bullish setup. USDRUB about to go up strong. What we see here after the May-June 2022 crash is a recovery phase. This recovery phase is completed December 2022 when USDRUB closes above EMA100, EMA10, EMA50 and EMA21 in the same month. At this point the bullish bias is confirmed. January 2023 was a month of consolidation, the session closed above the moving averages. In February 2023 the bullish trend starts following the recovery. In March 2023 we get bullish confirmation/continuation and in April the bullish bias intensifies. After 4 months of slow but steady growth, the accumulation phase is reaching its end and we should see a reverse of the move that happened between May and June 2022. As it crashed fast and strong, it will rise with force. This analysis is supported by additional signals. The MACD has gone bullish as it trades monthly above 0. A very strong bullish cross took place and the histogram is full green. It is also trading above Fib. resistance (now support). Plenty of room available for additional growth. The RSI can only be consider super strong when trading above 50 monthly, a great reading... Here is the chart: Invalidation point For this analysis to become invalid we would need to see a close monthly at least below EMA100 or $63. Technically speaking, the bullish bias still remains valid even with such a drop. Prices would need to close below HKEX:50 for the current structure to breakdown. Everything is pointing up. I am sharing this update because many people showed interest in my previous analysis "USDRUB_TOM" from Dec. 2022, shared in the "Related Ideas". Thanks a lot for your time and support. Namaste.
Long
by AlanSantana
5