Russian Ruble on Downward Trend
Good day!
The price of USD/RUB seems be getting a downward slope. Currently, the asset’s price approached the broken lower boundary of the range, that is, the level of 63.65 in the daily chart, forming a shooting star or so-called gravestone doji. The chart also shows the formation of a reverse flag – its handle and body are already there:
Based on the recent reports provided by COT CFTC, large operators keep expanding long positions and are very successful in that matter:
In the weekly chart, the price of single currency is getting back to the crossing point of two broken downtrends and horizontal level of 1.1111:
In the daily chart, crossing area of broken trends and the level are denoted by yellow color. Away from this area the asset can potentially pull back up:
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