USDRUBThe pair is forming a horizontal trend, but with high upside potential. The very strong level 74.50 will be broken on the second try.
USDRUB_TOM trade ideas
USDRUB 4 HOURSThe US dollar is making attempts to strengthen. Recently, the US dollar has made a very strong fall against many world currencies. This is due to the unstable situation in the country. Mass protests are taking place on the streets of the United States. This situation makes it impossible to comply with the quarantine regime. In such an environment, the degree of the disease in the country reached its maximum rates worldwide. Small and medium-sized businesses were forced to stop their work. Only large corporations are fully functioning. But they do not have the ability to fully restore the country's economy. The rise in oil prices also played a role. But at the moment, oil is at a resistance level and is likely to go into correction due to low demand for oil products. Low demand for oil is a negative factor for the Russian economy. Which receives the main income from the country's resources (oil and gas). You also need to understand that the heating season has not yet begun, and the industry is not working at full capacity. This results in very low gas sales volumes. Against this background, the Russian currency cannot be very strong. Russia is also in a quarantine regime and the economy is not working at full capacity. In Russia, many economists talk about the devaluation of the ruble. And this can be seen already at the rate of the EURO RUB currency pair. The dollar is just beginning to rise. But most likely the unstable situation in the country will cause the Russian ruble to collapse.
Last try for this bull periodI make this prediction according to the last price dump and the idea that developed countries will stay hungry for assets in 3rd world markets. 72-72.5 is a great range . Don't be too greedy. At least 75.5 is coming.
Potential sellWE see the trendline rejected numerous times. Waiting for a break and retest of support
Falling back to retest at around 72High velocity growth switched to profit taking.
Moving to the line that was broken earlier. From there USDRUB could continue its way up.
USDRUBHere is a possible set for USDRUB. With a 1:3 risk to reward ratio but always wait for the movement to be as drawn above
EM currency pairs overview $USDMXN $USDTRY $USDZAREM currency pairs and exotics seems to continue their uptrend $USDMXN $USDZAR $USDRUB among the others. Now is a good moment for the trade entries.
USDRUB updateUSDRUB contributed the most to my yesterday drawdown. Nevertheless I saw this situation as temporary and even tried to increase position (though a bit early which exacerbated the situation yesterday)
US Dollar / Russian Ruble (FRACTAL CONFIGURATION 2)Update
Don't forget to zoom out to see the source of some vital lines and also for viewing hidden levels.
USDRUBRuble falls under the weight of a falling economy. Dollar Ruble is trading above the upper border of the Ichimoku Kinko Hyo Cloud. This indicates a bullish trend for the pair.
USDRUBThe dollar rate goes to the correction to the level of 73.76. Where can we expect a rebound and continued growth of the pair with a potential target near the level of 76.55.
USDRUB UpdateThe pair continues to extend in wave 3. With oil being on the verge of sharp decline the end of this extension is nowhere in sight.
💵USD / RUB 1D. Is the rally starting?Hello everyone, friends!
As I said yesterday, I expect further growth in the dollar, which, in principle, we got. Now we are trading at the key resistance level: the 0.382 Fib level and global resistance.
If we look globally, we have:
1) Made 2 bottom, pushed off.
2) A rectangle formation was formed from the bottom (in fact, flat, in fact, accumulation). It works out on TA in the direction of the trend, and now we have an upward movement.
3) If one of these days we can break through and gain a foothold above 75 rubles, I'm waiting for a flight higher, with the potential to update the hai. Fibo level zones are interesting.
Such thoughts about the dollar. Considering that the euro has already flown into space, the buck is still lagging behind.
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I will also be glad to see your comments under the idea, what do you think about this?
#USDRUB
