USDRUB_TOM trade ideas
Still bearish on the Ruble (RU). RUBUSDNot a faint sight of correction finishing, despite the weakening dollar.
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
USDRUB / DAILY LONG TERM SELLVisible, strong trend channel just about to hit the resistant zone of which expected to bounce towards the support zone, expected to sell long term. M formation.
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.
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.
USDRUB UpdateIf I am correct about the count, we are at the forefront of the sweeping fifth of the third.
Under the HammerThe dollar has opened the new periode below the former little candle(it's not really a hammer). This may be seen as continuing selling.
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.
Usdrub buy 77.90Broke down ma on 15 min and went down same distance from the previous high to ma and from ma to new low
Coming down to support zone on 4hr chart
Daily touches the top of bb
Start buying 77.90
I will add more if it drops
FX update: US treasuries are the only missing piece.More weakness in the RUR, EUR, GBP, NZD, AUD coming soon, which should happen together with a sell-off in Treasuries. A very strong downtrend in EUR crosses should be expected at the same time.
The EUR still targets 0.90 or below.
At the same time, the Russian Ruble will be triple-hammered by:
a) the strengthening dollar
b) the falling Crude prices
c) the re-pricing of the Russian bonds as a result of US treasury sell-off.
Usdrub buy 78.77Drop in to support zone on 1 hr chart
At the same time candles getting smaller
If it drops more i will add
Usdrub add to buy 7853Add to previous buy 7853
Sitting on top of bb on 4hr chart
Let’s see if it’s push it higher
USD/RUB, what's next? 82, 86 or moon?You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
