USDRUB trade ideas
USDRUB UpdateDecoding waves in USDRUB is always like solving a puzzle. I think the bottom is in, however, the price is not making the analysis easy. I have been long through the trough, now looking for more confirmation.
USDRUB D1The dollar and the Russian ruble currency pair have made a significant depreciation! This movement was significantly influenced by the rise in oil prices. Because the economy of the Russian Federation is built to a large extent on the raw materials market. And the rise in raw material prices always strengthens the ruble. Now this currency pair is at a fairly strong level. And most likely it will turn. This can be influenced by two main factors! This is a correction of oil quotes, which are currently at their highest levels in recent years and the beginning of the growth of the dollar.
USD/RUB 4hr, monthly buy 72.40 area Monthly chart : declining to green support band, this will be third decline. One month 01/03/2020 moved up and last 15month all price action stayed in upper 50% portion of that strong month.
Move from green support band will test top bolinger on monthly again around 88.
On 4hr , as price declining towards green support on monthly, some buying starts- gapping up on bottom, engulfing.
Buy 72.40 and will buy more if it decline more in to green and start producing more buying configurations inside the green support.
Initial target on 4hr is top bolinger band. Long term target monthly top bolinger band around 88.
USD/RUB LONG TRADE PLAN 1:20 STRATEGYPlease use this analysis as guidance and not financial advice.
Good luck traders.
USDRUB UpdateApparently, something very complex is developing and will continue in this mode for a while
USD/RUB CURRENCY PAIR TRY TO TEST STRONG SUPPORT LEVELThe currency pair USD/RUB looks that preparing for a lower low on a daily chart. The technical picture shows that the pair is now testing one of its key support levels around 72.60, which are the lowest points from December 2020 and March 2021. At the same time, the rate is in a strong downtrend on a one hour chart from April this year, and it looks that it will remain bearish for now. But the price is at a turning point. In combination with expected economic data for inflation this week in the USA, it will be interesting how the Russian Ruble will react against the US Dollar. If the price breakthrough below the mentioned support level and test it, this will confirm the lower low, and it will make it possible to open the door for more sellers. In this scenario, the experts say that the bears on the market may test the next strong support level very far on the south at levels around 68.00. But if the pair reserves north and the price rebound from that levels, it is possible to change the direction of the current downtrend and potentially rise again to previous highs at levels of 76.00 and 77.00 from January and April 2021. Also, our oscillator indicators look slightly lower, MACD is below the triggered line, and RSI is below level 30 in the oversold zone.
Russian Ruble - Higher Inflation data to trigger RUBLE Buying Fundamentals
Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August.
Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist.
Key Points:
Russia’s inflation currently stands at 5.50%.
This overshoots the central bank's inflation target of 4.00%
Markets betting on a rate hike by the Russian Central Bank August from 5.00% to 6.00%
Russian 10 Year Bond Yield sits at 7.20%.
Higher Inflation data could push up bond yields are cause the currency to strengthen.
What To Watch
Russian Employment Data & Unemployment Rate
Oil Prices
Inflation Rate
Trade Idea’s
Higher Inflation - Buy RUB
Technicals
RUB at major support levels against EUR @ 88.00
RUB at major support levels against USD @ 72.00
ATR Volatility
USD/RUB 5.64%
EUR/RUB 5.17%
USDRUB top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
USDRUB | UPDATE | SHORT AND LONG TECHNICALStill according to my previous forecast, USDRUB rate cooled slightly at the end of April. However, due to the sudden withdrawal of Russian troops in eastern Ukraine, the tension has eased, causing the USDRUB rate to continue to plunge this month.
However, good news. SberBank, Russia's largest bank, has just had a decision of the board of directors to distribute a dividend of up to 422.4 billion rubles to shareholders on June 17, of which 211 billion will be distributed to free shareholders, including many foreign shareholders. It is likely that the situation will be similar to 2020, when these shareholders want to withdraw capital, causing the price of USDRUB to increase.
Along with that, the law to ease the management of US dollars for import-export businesses that Mr. Putin had promised will be introduced in July, will also increase the demand for US dollars in Russia. higher.
USDRUB 73.20 - 0.32 % LONG IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE USD / RUB .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDRUB up to 74.5-75 zoneAlt count for USDRUB that is very similar to the one I've published earlier though show less aggressive targets for short term trade. Anyway I expect upside in this pair into next week followed by RUB appreciation into 72.5 zone until mid June.
