USDRUB_TOM trade ideas
USDRUB Is Ready To All-Time New Highs?Subwave composition of the impulse included.
Oil is painting H&S top with the target of $10, and the price action on Rouble could coincide with the Oil price drop.
$USDRUB – BULLISH: Weekly breakout targets 76.00.Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels.
With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain.
In the simplest of terms if the USDRUB rally into the consolidation fits the theory of continuation patterns and equals the length of the rally out of the tramlines USDRUB should get to 76.00 without too much trouble.
$USDRUB – BULLISH: Weekly breakout targets 76.00.Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels.
With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain.
In the simplest of terms if the USDRUB rally into the consolidation fits the theory of continuation patterns and equals the length of the rally out of the tramlines USDRUB should get to 76.00 without too much trouble.
USDRUB - LONG LONG LONGWe had a strong breakout this week of a ascending triangle. Fundamentals, technical and timing are in confluence.
It's time to touch visit the highs.
This is just a study!!
Sigma.
ridethepig | RUB Market Commentary 2020.03.02Fed rate cuts taking full control of the FX board as virus disruptions start to fade - it's time to go shopping in G10 and EM FX and the intervention policies will provide some USD relief. Here looking for a rebound into previous ranges in USDRUB as a pro-cyclical currency.
A test of the previous range we were trading looks around the corner:
The spread of the virus is naturally impacting global growth, and tipping OPEC towards intervention in Oil as well as a number of CBs. Markets now price Fed to cut 75bps by June - similar story in Australia with RBA, UK with BOE and BOC in Canada. Tracking closely for risk to find a temporary floor this week.
As usual thanks for keeping the likes and comments coming .. jump into the conversation below with your views on RUB!
Russian Ruble breakout $RUBNot financial advise.
Similarity between $USDTRY and $USDRUB
-Violation of symmetrical triangle
-Fib 0.705 taken out
-Clean breakout on Weekly/other Macro
Target 1: aiming for the highs, of course.
FX_IDC:USDRUB
Enjoy your profit ...Close your profit ! US dollar - Russian rouble currency pier just crossed our target - 65.581.
USDRUB This pair has held quite well in bouncing price off resistance. The formation of a nice uptrend is also remarkable. If the resistance should hold and price breaks to the downside, we may see more falling to lower levels.
ridethepig | RUB Market Commentary 2020.02.19As widely expected USDRUB selling off from the 64.2x highs and a good time to collect half our chips from the table. Well done sellers, a textbook zigzag and flawless trade since the channel breakup so far. The spike was a textbook flushout with US sanctions acting as the catalyst.
For those tracking the previous diagrams the flows are wide open in the range, actively playing it makes complete sense to me in this environment:
Eventually expecting the grind towards the lows, risk sentiment around the COVID-19 will continue in the driving seat for further action here. Tracking closely 62.7x lows.
Thanks as usual for keeping the likes and comments coming!
ridethepig | RUB Market Commentary 2020.02.18As widely expected we got a test of the highs at 64.2x once the channel was broken (see diagram). The ladder is light and I like to play this tight range and look for a test of the lows.
"Eyes here, looking to sell 64.2x on the day..." - This is currently in play, although risk is showing now signs of abating the low sizings are keeping a test of the lows on the cards. Tracking closely the highs, if we get a breakup then I will not be stubborn and hold onto the shorts, I will close. This is a tactical range trade.
Good luck all those in USDRUB, we can open the short-term sentiment conversations in the comments if we get enough interest. Thanks as usual for keeping the support coming with likes, comment and etc!
ridethepig | RUB Market Commentary 2020.02.14I will keep this one quick as it is Friday afternoon... its clear that high beta has been in demand from some faster hands of late. Nothing of meaningful weight in the ladder, I think we will test the highs before pulling back. Another technical break to the topside in play with some strong US data. This looks set to test the highs in USDRUB for now. Tactical long on a breakout recommended.
You will notice how we never got the breakdown:
Buyers came in strong and seems happy to play the topside for now. A push from local banks in Russia as capital begins to pour back in will be enough to get us back to the 64.2 highs where I would look to cover and recycle shorts.
As usual thanks for keeping the support coming with likes, comments, charts and etc. Jump into the comments with your views on RUB!
The most perfect TA you'll ever seeThe USDRUB triple support confluence should be a meme. So perfect, so nice. 70RUB+ is pretty much a certainty.
ridethepig | RUB Market Commentary 2020.02.12A very advanced playing field in commodities and commodity currencies and with offshore sharks on the sell side in USDRUB there is a lot more room to go. The highs at 63.50 will act as strong resistance while to the downside initial targets located at 62.7x, 61.5x and the final swing clear at 60. This is the same levels from the previous diagram:
No surprises sellers were fired up and ready to act again. There is a lot of room to the downside should we find a bounce into March for Oil. Happy to sit short and looking for a technical break with the NY open.
Good luck all RUB bulls, as usual thanks for keeping the likes, comments and charts coming!
USDRUB eyes 76 after expected reversalI expect the reversal soon as strong bullish divergence has been accumualted on MACD
and the price almost reached the trendline support, which was awaited earlier (see related chart).
The wave Y (yellow) could rocket to the RUB 76 area where Y=W.
It will be a huge devaluation.
USD/RUB - SHORT The first global target of RGBI is 157,89 that means that INDEX will continue rise that lead to strengthen of RUB . it might be the last strengthen. However there is probability that both RUB and RGBI have already reversed.
