USDRUB_TOM trade ideas
USD/RUB will be at 85p er USD without OIL DealYou will learn the best place where we can trade USDRUB at low risk.
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USD/RUB will reverse back towards a major support lineThe pair will reverse back towards a major support line after it failed to break out from a major resistance line. The Russian ruble will strengthen against other currencies following the decision by the country to halt its foreign currency intervention. Russia has been lowering its currency intentionally after the oil price war between Russia and Saudi Arabia led OPEC (Organization of the Petroleum Exporting Countries). However, this is about to change after reports that US President Donald Trump intervened between the two (2) oil-producing giants. The efforts by Trump were concentrated on increasing crude oil prices. Oil companies in the US reported significant losses following the oil price war and the US president cannot afford to have two (2) problems altogether. The US is also experiencing problems with handling the economic impact of the deadly coronavirus. Airline companies have already asked for assistance from the US government.
USDRUB 1 HOURAgainst the backdrop of strong speculation in the oil market, the usdrub currency pair made a deep correction. But we must not forget that the Russian economy is in danger of default and the fall of the ruble is inevitable. Oil and gas markets for Russia are the main source of income. Prices for these raw materials fell to their lowest levels, which led to an increase in the price of the American currency.
Can you see the roof yet ?Those who are already in many USD pairs should take comfort that their long positions have gained them good profits. And one must never be too complacent and expect the market to behave in a certain way. The market is full of surprises and it often launch its attack at time that you are not prepared for.
Depending on where you have bought into this USDRUB, I would say, take partial profits and let the remaining positions run to its course. A look at the weekly chart always remind me of the parabolic moves by the cryptocurrency and I had learnt my lessons. A bird in hand is worth two at the bush.
What's the point of boasting $xxx amount of paper profits where you can't use it ? Isn't it better to have $xX amount in your bank where it can help to defray some of your expenses? Of course, if you have a long term view , then by all means continue to hold.
I am not motivated to add any long at this juncture IF I have not participated in this pair. So you have to decide for yourself your reason for buying this pair.
Bullish Breakout for USD/RUBBullish Breakout is noticeable on small time frame, probably will climb to 90. Ruble is suffering from Oil price that could not be recovered during this pandemic, not until the demand is back. Oil has been selling for lower than $10/b backdoor, indicates there is no strength go climb higher at this point of time. For every $1 Oil price decline the nation would suffer losses roughly 2 Billion in revenue. Hence, Ruble remains weak.
USDRUB PULLBACK 72-69 Watch for the pullback to meet the Ruble for the price range 72-69 during this year.
US Dollar / Russian Ruble UPD2Structure #1
Alternative approach and predictive feature of Fib channel
USDRUB: Descending triangleUSDRUB: Descending triangle
Most likely the price will go down
Goals in the area 75.6 - 72
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The 4-th wave of RUB/USDI consider , that RUB is in 4-th wave , and it might be triangle. Usually the 4-th wave are formed in from of triangle more frequently than in others forms.
USDRUB 90?In the previous forecast, I said that there will be an increase to 80.
Also, by popular demand, I am doing a new review.
And so now the price is trading at 79.9.
Recently, the price of oil has shown an increase of 10%. And I immediately received a lot of messages in a personal question with the question will the ruble grow ??
I will publish the answer here.
The price of oil fell 3 times. And showing growth of 10%.
And I think it’s very stupid to wait for the ruble to grow.
Also, besides nafta, look at the situation as a whole.
According to the calculations of Gazprombank, the oil price of $ 25 per barrel corresponds to the exchange rate of 80-85 rubles per dollar.
If you look at the technical analysis, then we are trading at the ascending channel, and there is a fractal situation on the chart, everything is indicated.
Also very often asked, will the ruble be 90 rubles?
I admit that with a further decline in oil prices, the dollar may test a level above 90 rubles.
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RUB prepares for last pushRUB had a great volatility in the last month. After performing whole impulse (87 or about), a relative stability will come....
