"Bulls make money, bears make money, pigs get slaughtered"
USD/RUB 6 replies
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Dislikedhttp://www.fxempire.com/technical/te...nalysis-352439 {quote} temptation to sell continues to be stopped by looking at the Weekly; thank youIgnored
DislikedFinal comments for the week and the month: In my book and on the daily this close looks very much like a key reversal. So good news for the shorts. Of course fundamentally I wouldn't get too excited as I believe August to be a tricky month so in general I would refrain from having a position all together. The pair could easily get stuck around 65. As it is a carry trade this is not a problem but it could also through verbal rhetoric reverse and go back up to 70. As long as oil stays at these levels, anything between 65-70 is a possibility. I wouldnt...Ignored
DislikedApologies guys I was on vacation. Strategy in USD/RUB has not changed. Still short and holding, making good money overnight. The fluctuations in the pair are within reasonable limits for such a pair and there is no reason for concern. We monitor the oil price and the USD Index, both of which are supporting USD/RUB at these levels. Once the pair reaches below 63 levels we will revisit the position to check if it is worth closing, waiting for a rebound that will offer another selling opportunity. At the moment nothing to do. Just enjoy seeing your...Ignored
Disliked{quote} Great to see you back. My mid term targets are 64,00-64,25. Best D.P. P.S. You said 63 level. Are you sure? Below you can find the future chart daily. Is not 63 low? {image}Ignored
Disliked{quote} So from August low we have 63.4xxx, which is my first target. Then from July low we have 62.80. This could be an extension. 64-64.25 is where we are right now...If oil rebounds and nothing happens with Fed hikes then we could see 62.80 easily. In general I expect the range to be 63.50 - 66.50 with some overshooting on both ends. As long as the pair trades at these levels I just keep the position and make money overnight.Ignored
Disliked{quote} So from August low we have 63.4xxx, which is my first target. Then from July low we have 62.80. This could be an extension. 64-64.25 is where we are right now...If oil rebounds and nothing happens with Fed hikes then we could see 62.80 easily. In general I expect the range to be 63.50 - 66.50 with some overshooting on both ends. As long as the pair trades at these levels I just keep the position and make money overnight.Ignored