The rouble has seen weakness since the recent Syria debacle, and this weakness looks to continue longterm as shown below. But as for now, here is a shorter term outlook with a great risk/reward ratio trade.
Below is a rough longterm forecast/scenario:
Below is a rough longterm forecast/scenario:
Nota
LONGTERM RUBLE OUTLOOK:Nota
A closer look into current developmentsNota
upon inspecting the price action on the ruble index, we there are some hints that we may see some upside before the longer-term decline continues.Nota
might be time for a consolidation
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.