Russian Ruble Is Back at The 63.60 Level: What’s Next?
Good day!
The Russian ruble again got back to the 63.66 level. Here the broken downtrend trendline is also passing by. We could assume that the currency pair USD/RUB may jump. Should the asset’s price break the 63.60 level, the currency pair might drop. Let’s wait and see what happens next:
Large operators are still going flat shortening and expanding their positions in turns. Although large players remain long when it comes to the Russian currency:
The price of WTI Oil is approaching the flat downtrend, away from which the asset may pull back. Of course, it's wise to wait and check the candlestick formations on the trendline:
The GBP/USD currency pair broke the range. The asset is currently heading up however, it’s price might get corrected downwards, away from a strong resistance level of 1.2280 that it could face soon:
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.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% and 71% 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.
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.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.