Is Russian Ruble Headed Upwards?
Good day!
In the daily chart, the Russian ruble pulled from the broken downtrend and tested the supporting level of 62.50. In principle, Russian ruble is likely to jump, and the currency pair USD/RUB might potentially reach the level of 65.50 (the width of broken trend):
Oil has reached the supporting level of 50.50 and a very strong psychological level of 50.00. In the daily chart, oil is trying to close Wednesday with a bullish engulfing, and it is probably going to happen. So far, WTI oil shows signs of upward move:
The price of Swiss franc is approaching the key level of 0.9760. The asset will most likely pull back from this level or break it. Depending on this outcome the asset may either jump or the current trend will likely continue. Here we should rely on the candlestick patterns which should form next to the upper boundary of flat:
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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