USD/RUB top of the channel $USDRUB at the overbought line could signal:
- Stronger rubble vs dollar (temporary throw over possible)
- Most other assets recovery (fear at max, 6% us stocks below 200MA).
1:1 Hedge short for US market exposure.
USDRUB_TOM trade ideas
USDRUB to retest the top of Y2016 at 85.90Previous ideas reached the targets (see related).
But this pair didn't fully emerge therefore I expect it to retest the former top of Y2016 at 85.90.
It will be wave 5.
Wave 4 is unfolding now and it could be flat/zigzag or a triangle as in the larger degree preceding correction.
USDRUB to hit 80 after correctionThis pair hit the target set in my earlier post (see related).
But it looks like it is not yet done.
There is an ABC flat correction building on the chart and wave C down is pending.
After that the move up could emerge to hit 80 - at that level the large second leg would hit 1.272 of the first leg up
and 0.618 of the move preceding the current flat correction.
USDRUBFor the Russian currency, everything looks bad. Coronavirus, falling oil prices. Positive factors are not yet visible. This year, there may be a big drop against the dollar to 84 and even to 100 (with a very bad scenario). It is necessary to monitor OPEC and the price of oil in March and April. If Russia and OPEC do not come to an agreement by April, then this scenario is likely to come true. The ruble will fall after oil. If they come to an agreement, then the price of the ruble should stabilize approximately in the range of 66-70.
You can enter the deal after a small rebound in the price after this impulsive fall of the ruble with a small stop loss. In the coming days, it is necessary to monitor the price on the Moscow exchange, how the Russian regulator will act. I do not think that he will allow a panicky fall in the price of the ruble, but he will also not take significant measures until the ruble drops to 80.
USDRUBSo many talks about RUB and Oil last days.
Well, as for oil - was waiting this downtrend since January , a lot of people told me that im incorrect and USOIL will go up... now its about 30$ per barrel, and im sure that this is not the end ( ofc oil will make a correction before going down again).
And now ruble . In 2018 we've made wave (1) and whole 2019 was a correction in wave (2). As u can see, price made a pivot just in the golden zone (61% fibo). After that, rub devaluated for about 20% in a few days. You think that think that this is the end? As for me, I think that this is only beginning. So globally we have 3 possible targets (yellow lines) : 89, 113, 145. In my opinion 89 will be too small, so for me main target in wave (3) is 113.
Stay tuned, I think in future I will post a few more ideas about Russian ruble .
If u wanna to support this idea - like and comment it, please.
RUB/USD PROBABLE PLANGE SURGE So now we are watching classical triangle which is forming near the strong price level. Combining level theory and Elliot theory I claim that there is great probability that we will watch plunge surge of RUB.
USD/RUB Short Setup Push LIKE, FOLLOW and COMMENT below what do you think.
This my setup for this pair I’m still waiting for the bears to come.
Send me message on TELEGRAM if you want to follow my trades.
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USDRUB 1$=80In the previous forecast, I said that there will be growth when the price was 72 more.
The currency depreciated and reached an important level of resistance.
He also wrote that in the event of a further drop in oil, experts allow the dollar to cost more than 80 rubles.
But looking at the chart, the oil price continues to fall.
According to technical analysis, we have formed a double pattern of a bowl with a handle (a similar situation was on the hryvnia in the previous post)
I publish a very likely scenario of further price movement)
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work ❤️
USDRUB D1The fall in oil prices led to an active growth of the dollar against most of the world's currencies. The dolar index also showed high volatility. The Russian economy is on the verge of an economic crisis. The country is influenced by a large package of sanctions that are constantly replenished. The change of government and constitution of the country also entails a number of negative consequences for the economy. Closing the border of China forces consumers to seek goods in other markets and buy them at a higher price, since China is a strategic partner for Russia. And the sale of the commodity sector for China is also not possible. But the point was set by the fall in oil prices, which is one of the main sources of income for Russia. Shares and indices of the Russian Federation have fallen off. The ruble also went in the same direction. And this is just the beginning. The dollar has every chance to reach the mark of 100 rubles.
USD/RUB upward sloping channelWith the dropping oil prices and the starting financial crisis, USD/RUB pair is expected to rise strongly. You can trade within this channel (long positions preferred). Good luck!
USDRUB For Russia, the crisis is just beginningThe Russian currency was under pressure paired with the dollar amid the resumption of negative dynamics in the oil market.
In the event of a further drop in oil, experts admit a dollar more than 80 rubles.
I publish a very likely scenario of further price movement)
P.S Friends, support this idea with your like and any comment.
This will be the biggest thank you for my work
USDRUB BreakoutLast nights breakout yielded a 4.5% move. Tonight the USD/RUB remains supported, suggesting another imminent breakout towards 67.75. In the event of a bounce, targets move back to 73.50
THE RUSSIAN RUBBLE IN THIRD WAVE Since the 1-th wave in 1-th wave of bigger dimension was extensive that leaded to short 3-th wave and 5-th wave. When that phenomenon occurs it means that correction movement in second wave of bigger dimension may achieve to the bottom of not 4-th wave of smaller dimension and to the bottom of second wave of smaller dimension. On balance current analyse report us that Russian RUB reversed finally and now is in 3-th wave of bigger dimension.
USDRUBThe ruble fell heavily after a large drop in oil prices. However, the central bank of Russia is starting to take action, and I think that this is an impulse fall, in which you can take a short position. However, the overall picture is a further drop in the price of the ruble.
