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.
USDRUB_SPT trade ideas
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.
Bullish Russin RubbleNot much to say, the trade is there for all to see. let us wait and see how it plays out.
Selling FOREXCOM:USDRUB
USDRUB longLongterm trade idea.
We see the Russian economy in shambles.
Add buys on every pullback.
Trust the process
USDRUB - 240 - Continues to drift higherQuick idea.
USDRUB had broken two downside lines - a short-term one and a medium-term one. Now, the pair continues to drift further north. Certainly, at some we may get a bit of a correction, but for now, we will continue targeting the long-term downside resistance line taken from the highest point of December 2018.
Please see the chart for details.
Don't forget your stop-loss.
USDRUB Buy and sell planPattern: Channel Down on 1M.
Signal: Bullish and bearish reversal once the MACD shifts to bearish. Ideally near the red resistance zone.
Target: 61.000.
USD/RUB Short IdeaPrice overall still has bearish sentiment. The 200 MA on the daily has been serving as dynamic resistance since October 2019. Price is currently rejecting the 61.8% fib level. Unless price breaches the trendline as noted, watch for drop to next level as noted.
USD/RUB - MOVING TO 61.8Here price just have bounced from 0.618 FIBO and crossed the support line. Thats why I am waiting for the next support level near 61.8 RUB.
ridethepig | RUB Spot Commentary 2020.01.20Now bull's reserves have been activated and exhausted, the diagonal swing towards the new lows at the key 60 handle is the aim. This momentum play is a characteristic impulsive swing. The moves constitute a great example of the lust to exploit the brilliant effect of technical analysis, because of the accuracy that is endowed with incredible resilience.
The first compelling chart shows the highs being set in this monthly swing; the total removal of its lows opened up the same flows in EURRUB:
The swings we have just glimpsed at are quite typical and although it will likely not feel necessary here, the importance of in checking the 60 handle for headlines and masses. Mostly only one player benefits from this entire flow, but that is quite sufficient.
I expect sellers to show some strength over the coming days and weeks. A lot of talk of few large hands in Oil buying dividends. In any case looking for the infamous 60 target.
Thanks as usual for all the support with likes, comments, charts and etc. Jump into the conversation with any questions.
Situation USDRUBChart USDRUB W. Global outlook for 2020. An interesting point on the chart. It seems that the ruble is completing its strengthening. By the end of the year I expect the ruble per dollar in the region of 74-76 rub.
TOP 5. Issue 24 from 19.01.2020Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals.
These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB .
If you like what you see, please fell free to hit the Like bottom and leave your comments.
Disclaimer:
By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
