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)
USDRUB trade ideas
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
NEW CYCLE FOR USDRUD DISCUSSION WITH METhe new initial signal shows a new cycle, the cycle only works when the price touches 73,125.
- The first confirmed moving averages create a flat price background similar to the old one.
- Price is above the MA200 support is good for the price.
- Once the price moves back to 69,166, the plan is canceled and not monitored.
- Once the purchase price is touched, the area determining loss is 12%.
- Wait buy zone : 73.125
- Target : Check the wave region (max 88-89) .
- Stop loss : 12%
Wish you good deals!
USDRUB good upward structureNow the USDRUB pair has a good upward structure, the highs and lows are increasing, which indicates the domination of buyers.
Currency pair Dollar Ruble USD / RUB continues to move as part of the growth and the beginning of the development of the "Triangle" model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.47. Moving averages indicate a short-term bullish trend. Prices have moved away from the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continued growth. As part of the forecast for the Dollar on July 30, 2020, we should expect an attempt to develop a decline and test the support level near the area of 71.55 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair to the area above the level of 75.
Cancellation of the growth option will be a breakdown of the support area and closing of quotations below the level of 70.25. In this case, we should expect a continuation of the fall to the level of 68.15.
Collecting USDLooks like big player have used the retracement to refill chips.
If price will stand still at 72-73, not going under 72 support implying that breakthrough was false, we're going up again. Wait some time, preferably no deals.
USDRUB UpdateBarrier triangle it is if the line holds today and USDRUB rolls back together with oil advancing.
Wave C of 5 of an ending wedge about to startThe structure is similar to USDCAD. We are approaching the culmination of price action in USDRUR and in other currencies. This will be an overextended, violent move, happening together with everything else crashing. Targets: 110-120 looks realistic and reasonable, but I think the move will go beyond anything reasonable so 140 should be expected.
The decision of the Central Bank of RussiaThe decision of the Central Bank of Russia to reduce its interest rates to help their economy was very costly. It strained the strength of the Russian ruble, allowing the greenback to regain its dominance over the trading pair. Prices are now projected to go up towards their resistance level as the ruble faces several hurdles ahead of it. The move should allow bullish investors to prop up the 50-day moving average over the 200-day moving average to maintain their lead. Just last week, the Central Bank of Russia decided to reduce their interest rates from 4.50% to about 4.25%, making a 25-basis point cut. There aren’t any scheduled reports due today for Russia, the next one is due on Thursday, July 30 and it will be the central bank reserves. Bears are hoping that the number won’t go down as it will further add pressure to the ruble. And as for the US dollar, it’s success in the USD/RUB trading pair doesn’t mean that it’s strong against other currencies.
USDRUB Daily UpdateI have updated the chart. The triangle is more pronounced than initially thought and on 4H chart is supported by MAs.
The RUB is slowing down by the intense pressure on its backThe Russian ruble is slowing down by the intense pressure on its back, but the buck is not strong enough to save itself from bears. The trading pair’s prices are widely projected to remain bearish but will slightly slow down. Prices should still head down and reach its support level, reaches ranges last seen in early March. The Russian ruble is faced with both challenges and support that is causing a push and pull effect in prices. Traders are considering the strong performance of crude oil prices in the commodity market which is greatly fueled by demand hopes and vaccine hopes. Another factor to be considered is that there are two main pressure points that could cause a reversal once prices hit their support. The first one is the foreign policy issues and the second is widening investors’ suspicion. Powerhouses from the West are accusing Russia of trying to steal the developments made for the coronavirus vaccine, threatening sanctions on Moscow.
