Russian Ruble on the verge of a devaluation I haven't traded a trend in forex for years - this is the best looking currency chart I've seen in a VERY long time.
50 month MA
Tightening base
Close to a breakout from the pennant
Obviously unsure what the reasoning for this is, but I'd expect a catalyst sometime in 2022 that could send the ruble down double digit %
USDRUB_TOM trade ideas
USDRUB at support zoneThe pair fell to a low of 75,600 on March 31, after which it moves this week in the range of 80,000-86,000. We are currently at 83,950, and we can say that the USDRUB is stable for now after a stormy March. Now we are back in the pre-war zone of movement in Ukraine. At the current level, we can expect the pair to continue towards 90,000 and make a new turn to the bullish side. For the bullish option, we need USDURB growth above 90,000, and then we would get support in MA20 and MA50 moving averages. Our next bullish target is the zone at 100,000, and the additional resistance at that level is in the MA200 moving average. A break above would boost bullish optimism. We need a new drag below 80,000 levels for the bearish option, and our first potential support is at 70,000 levels. In the range of 70,000-80,000, the pair moved during 2020 and 2021.
Olmec Strategy in Ruble / USD exampleDescription of Analysis. Context. Thought Process. Profit target & stop loss.
Description;
The ruble / USD is a great place to explain and the Olmec strategy.
The Olmec strategy is a simple and effective way to read price action using Moving Averages and the Price Volume Trend;
Moving averages are used to spot trend reversals, maintain positions open or short and find precise entry and exit points.
The Price Volume Trend is then used to re-affirm the
Context;
Background on the RUB / USD pairing;
For the last 30 years since the fall of the USSR, the USA and the European Union have fulfilled their economic and military agendas.
This is not fiction but rather fact. The USD and Euro have made this a reality by being the preferred medium of exchange at the expense of other currencies and so for the last 30 years we have seen the steady selling of currencies like the Ruble in exchange for Dollars or Euros.
Thought process;
From today the 31st of March 2022 Russia will only accept rubles as payment for Russian natural gas.
While most European countries have opposed this, the chart shows a change in trend for the heavily discounted Ruble.
Current entry is at 0.0106
USDRUB March 20221. Freezing the reserves of the Central Bank of Russia is a stupid move (this is default of western financial values).
2. Freezing the assets of the big oligarchs is an even sillier move.
You can't demand the overthrow of Putin and take money away from those who oppose him. And this is happening right now.
3. Total ban on dissent in Europe and the United States.
4. Reason is lost in the US and of course the Euro-Atlantist puppets in Brussels are also economically killing their peoples in Europe.
Macron said about the ration cards.... Maybe he wants a cake?
5. The migration crisis from Ukraine will still have a negative impact. (The number of crazies there was off the charts before, and it's going to be even worse now.)
6. You can't replace gas supplies to Europe faster than 6-7 years and that would be an inflationary shock.
7. Hunger in Africa is a reality this year.
All of Africa will run to Europe, maybe even with guns.
8. If Russia transfers trade in energy resources to domestic exchanges and for the Russian ruble, it will be the beginning of a new trend.
In this case, I would bet on Russian assets.
9. Let's wait, for a while, until the end of active hostilities and the signing of peace treaties.
TSTW.
USDRUB- BUY strategy I am not condoning or suggesting you trade this currency pair.
I use this pair as a sign for what the financial market is feeling about the ongoing crisis only.
I had suggested some weeks back a sell strategy when we reached levels of $ 120-130 and higher. I suspected it would move back towards 100.00 level, but it even improved itself beyond expectations.
the reason am saying that is not to prove I was right, rather to display the fact that the markets are absolutely irrational. Just think of it, now we are not far away from where the RUB was before the crisis... Crazy right?
So based on that U feel we are not at the right level for good fundamental and technical reasons. I expect the USDRUB to return beyond 110.00 again. DO NOT TRADE IT PLEASE...
USDRUB bearish pressureThis morning during the Asian session, the dollar fell to a new one this year at 81,000. At the beginning of the month, the USDRUB pair reached its peak at 154,300 as a result of Russia's attack on Ukraine and the application of sanctions by the EU, America and other allies. After that, consolidation started, and now we are back to the period before the start of the invasion at 81,000 Russian rubles for one US dollar. Russia's countermeasure was that all enemy countries that buy oil and gas pay their obligations in rubles. This led to the strengthening of the Russian ruble. We need to go back above the 100,000 level and moving averages for the bullish option to get technical support on the chart. After that, we can expect a potential continuation of the bullish trend. We need a continuation of this negative consolidation and a further pullback below the 80,000 support zone for the bearish option. If this zone does not support us, we will continue towards the next lower support zone at 70,000, and the last time we were here was in November last year.
USDRUB sideway consolidationThe USDRUB pair continues its consolidation in the range between 90,000 and 100,000. We are literally sitting on the MA200 moving average and looking to see if we will see a break below or a bullish momentum that would launch this pair above 110,000. Even moving averages collect around 100,000 levels. We need positive consolidation above 105,000 and above moving averages for the bullish option. This would certainly boost bullish optimism and give an incentive to continue towards the previous high. Otherwise, we need a negative consolidation for the bearish option that will break below MA200 and lower us to a zone of around 90,000. After that, we can expect increased bearish pressure and a further weakening of the dollar against the Russian ruble.
Will importers cave into Putin’s gas for Rubles demand?In what is widely seen as an attempt to circumvent Western sanctions and prop up the Russian ruble, Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching implications on global oil and energy supply.
"I have decided to implement a set of measures to transfer payment for our gas supplies to unfriendly countries into Russian rubles,” news outlets quoted Putin as saying in a government meeting last week, adding that Russia would turn down payments for natural-gas supplies in currencies “that have compromised themselves,” including dollars and euros.
Putin has given the Russian central bank and gas suppliers like Gazprom, Rosneft and Lukoil a week to implement the change.
Why is Putin pushing for ruble payments?
Russia’s decision came as the country’s oil trade has been left in disarray as importers put orders on hold amid a wide condemnation of the Kremlin’s attacks on Ukraine. Since the war broke out over a month ago, concerns of a global energy crisis intensified, sending pump prices skyrocketing to record highs and fanning global inflation fears.
Economic sanctions imposed by the US and its Western allies have also caused the Russian ruble to fall to record lows in the early weeks since the war started, further weakening the Russian economy.
Putin’s latest move sent the ruble to its strongest in nearly a month against the US dollar last week, although it was still down ~25% this year as of Monday, March 28, at ~106 against the dollar.
Will importers cave in?
Russia supplies nearly 40% of the European Union’s natural gas and over 25% of the region’s crude oil. Although the global oil cartel known as the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations played down concerns of a global oil shortage as the war drags on, many industry players fear a potential demand destruction that could cause oil demand to peak and fall when pump prices become too expensive.
To reinstate the balance in oil supply and demand especially during wintertime in Europe, EU-based importers of Russian oil could then choose to yield to Putin’s demands and pay in rubles.
However, EU leaders, shortly after Putin’s announcement, stood firm and rejected the Kremlin’s demands, with Slovenia Prime Minister Janez Jansa saying “nobody will pay in rubles,” Bloomberg News reported. The message was backed by leaders of Ireland, Italy, Croatia, and Germany, among others, ahead of a summit meeting in Brussels. The leaders stressed that Putin’s demand would be in violation of their existing contracts.
Adding to Putin’s woes is US President Joe Biden’s pledge to deliver 15 billion cubic meters of liquified natural gas to Europe this year on top of the shipments that are already on their way to Europe.
The probability of EU importers caving into Russia’s demands are also looking less likely as the EU steps up its efforts to discontinue buying Russian gas before 2030.
Faster transition to renewable energy sources
Instead of a far-reaching energy crisis that many fear could come out of the Russia-Ukraine war, sanctions against Russia and the Kremlin’s countersanctions could accelerate the transition to renewable energy sources. Europe could speed up the construction of LNG terminals across the continent to store LNG deliveries from allies including the US.
Agora Energiewende, a German think-tank, suggests a 32% reduction in Europe’s gas consumption by 2027 if the continent slashes its use of fossil fuels and transition to wind and solar energy in the next five years. This measure could save the EU between 127 billion euros and 318 billion euros on gas imports, the think-tank said. Scaling up renewable energy in the EU could allow the continent to avoid 80% of today’s Russian gas imports by 2027, Agora Energiewende added.
USD RUB fibo too funny to watchit recover from 4.618 and drop to 97 zone
it breaking 3.618 support 2.618 support and 1.618 support
ignoring Russia as highest sanction number in the world right now
next support 92, under 92 Putin win against the world
but must retest resistance on 102 or 107 first if broken then next support on 120-123
USDRUB sideway consolidationThe USDRUB pair was in the range of 95,000-105.00 this week. We did not have any significant jumping below and above the support and resistance zones. If we follow the moving averages, we will notice that the pair has fallen below the MA200 moving average, which may signify increased bearish pressure. For the bearish option, we need a drop to support at 90,000. If the bearish pressure continues, our next support is at 80,000, the place where we were before the conflict in Ukraine. We need better positive consolidation and return first above the MA20 and MA50 moving averages for the bullish option. Then again, we come to the resistance at 105,000 level. A break above could take us up to 110,000 levels and an MA200 moving average. A break above would increase the bullish pressure, and our first next resistance is at 120,000 levels. If we see a jump above, then we can expect the potential formation of a new all-time high.
USD/RUB MY THOUGHTS So, in my opinion we can see a new bottom - 96.3(if correction will have formation ABC) - that's highly likely. Otherwise we're gonna see another formations like WXY(ALIBABA for example), therefore the bottom goes down to 45 - 56.
* If i have grammar mistakes correct me please( I would appreciate it )
Usdrub testing daily support Usdrub declines to test green support scd band second time.
Price tested this support before and after hitting top bolinger on daily price declines to test scd band again.
Let’s see if usdrub will go up to test top bolinger again.
On 1 hr hitting bottom bolinger and find some support here.
USDRUB on the line MA200 H4 time frameToday, USDRUB is consolidating in the range of 95,000-100,000 on the MA200 moving average. Yesterday, the Russian president stated that all countries that imposed sanctions on Russia will pay their obligations for the gas and other energy sources in Russian rubles. This strengthened the Russian ruble because it was in the range of 105,000-110,000 yesterday. We need a new bullish impulse for the bullish option that would raise the USDRUB pair above 110,000. Then we would get support in MA20 and MA50 moving averages. The next major target and resistance zone is at 120,000. We need a break below the MA200 moving average for the bearish option, and we are looking for support in the zone around 90,000. If bearish pressure continues, we are looking for the next potential support in the zone of around 80,000.