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U.S. Dollar / Russian Ruble

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USDRUB trade ideas

RidetheMacro| USDRUB Macro Outlook Commentary📌 macro financial level, COVID continues to be having a misplaced lasting effect among nations with locations like France and different European nations being hit once more with a 2nd wave. These unsure black swan activities make it very tough to give you alternate thoughts due to the fact any 2nd the important authority or authorities can intrude with the loose markets. 📍 Now, the IMF have made a forecast recent months that America will keep growing favorably in evaluation the Russia. However, those predictions are very unstable within side the present day weather because of COVID. It’s essential to hold a watch in this forecast as they may alternate if new records comes out signaling contrary convictions. E.g. if COVID receives worse within side the United States it’s not going they’ll develop quicker than Russia, particularly thinking about there’s a few hypothesis that 📍 Russia Exxon Mobil is a massive oil company in United States and there’s a inverse relationship between oil and the USD. Generally commodities will have an inverse relationship to the USD so there’s no surprise here that there’s an inverse relationship between Exxon and USDRUB. When Exxon goes down USD seems to rise. CURRENTLY Exxon (With Orange line) so there’s room to move up which could see USDRUB (with purple color line) fall in value, especially if the Untied States continue to open up its economy which will get people buying petrol, exporting more oil and factories using oil has advanced an early vaccine for COVID which can assist improve the economy and better economy Ahead. ✅ Exxon Vs USDRUB Chart Below 📊 📍 2nd we also want to see how the crude version impacts USDRUB. Since the 2000 we have VERY interesting statistics. That being there’s a 91% negative correlation between oil and USDRUB. Again, we’re data driven and reinforce that saying that oil has an inverse relationship with USD value. ✅ WTI Vs USDRUB Chart Below 📊 📍 3rd The final factor is the S&P500 priced in RUB to how wealthy America is compared to Russia. Because majority of peoples pensions are held within their country of residence stock index. Right Now S&P 500 dropping well day by day. so investors is long USD to protect against deflation in the S&P500 assets. ✅S&P 500 VS USDRUB Chart Below 📊 Like, subscribe and leave your comments below! 🤝 Until next time, Ride the macro
Short
by Ridethemacro
2
USDRUB 9 ideas out of 8 closed in +#USDRUB 9 ideas out of 8 closed in + Druzya, hello everyone, I haven't reviewed the USDRUB trading pair for a long time, as we follow the plan of the previous idea. The pair continues to move within the ascending channel. Currency pair Dollar Ruble USD / RUB began to develop the "Triangle" model. Where an additional bowl with a handle pattern was noticed inside, where the working out was very good. At the time of publication of the forecast, the US Dollar to Russian Ruble exchange rate is 77.32 As we can see, the price renews local new highs and is held in an upward channel and tends to the global resistance level, which we have at 79 Whoever holds the dollar now can make money on a small correction. But those who have no experience have nothing better to do, but just keep, as global growth awaits us. There are also patterns that indicate the continuation of the trend and thus the depreciation of the ruble. In addition, if you include fundamental analysis, then the country has a very bad economic situation. If there are grounds for revaluation or devaluation, such processes occur gradually, not created by a shock situation on the market, " Friends, if you do not know where to invest, write to me. P.S. If you keep everything in dollars, then this is not a good investment, since the dollar is only growing, but in the world market it is gradually depreciating.
by CHOWTRADE
1
RUBUSD ascending triangle in the ascending channel Hi Everyone! Today I have done a short review of RUBUSD and I would like to share my vision with you! As you can see from the graph, the price has changed the direction after the breakout of the downward channel, where a new upward channel has formed. As I pointed out on the chart, the price is traded in the upward channel within which the upward triangle has formed. As we see the price constantly updates local new maximums and is held in the upward channel and strives for a global level of resistance, which we have at 77.8. There are also bull patterns inside the canal that indicate the continuation of the trend and thus the depreciation of the ruble. In addition, if we look at the fundamental analysis of the country’s very poor economic situation, the number of people infected for the first time since the end of May has exceeded the number of people who have recovered, which is an alarming signal for the medical system to be overloaded in the coming weeks, in consequence of which the new restrictions will begin to take effect. Ruble is not the most reliable currency, I suggest you invest in more reliable sources) If you have questions about investing, write to me. Friends, thank you for your attention! If you like my analysis, please put likes and follow me!)
by TopTrader77