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USDRUB_TDB - USD/RUB

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USDRUB_TDB trade ideas

USDRUB We will see growth to 80 USD! The dollar continues to move in a downward channel, we expect an exit from it up. The Russian currency was under pressure paired with the dollar amid the resumption of negative dynamics in the oil market. Strong support zone 74-75, level 75 is now holding the price. Most likely in the near future we will see an increase to 80 USD. I publish a very likely scenario of further price movement) P.S Friends, support this idea with your like and any comment. This will be the biggest thank you for my work
by CHOWTRADE
USD/RUB will reverse back towards a major support lineThe pair will reverse back towards a major support line after it failed to break out from a major resistance line. The Russian ruble will strengthen against other currencies following the decision by the country to halt its foreign currency intervention. Russia has been lowering its currency intentionally after the oil price war between Russia and Saudi Arabia led OPEC (Organization of the Petroleum Exporting Countries). However, this is about to change after reports that US President Donald Trump intervened between the two (2) oil-producing giants. The efforts by Trump were concentrated on increasing crude oil prices. Oil companies in the US reported significant losses following the oil price war and the US president cannot afford to have two (2) problems altogether. The US is also experiencing problems with handling the economic impact of the deadly coronavirus. Airline companies have already asked for assistance from the US government.
Short
by Financebroker
Can you see the roof yet ?Those who are already in many USD pairs should take comfort that their long positions have gained them good profits. And one must never be too complacent and expect the market to behave in a certain way. The market is full of surprises and it often launch its attack at time that you are not prepared for. Depending on where you have bought into this USDRUB, I would say, take partial profits and let the remaining positions run to its course. A look at the weekly chart always remind me of the parabolic moves by the cryptocurrency and I had learnt my lessons. A bird in hand is worth two at the bush. What's the point of boasting $xxx amount of paper profits where you can't use it ? Isn't it better to have $xX amount in your bank where it can help to defray some of your expenses? Of course, if you have a long term view , then by all means continue to hold. I am not motivated to add any long at this juncture IF I have not participated in this pair. So you have to decide for yourself your reason for buying this pair.
Long
by dchua1969