We share thoughts on a single currency and discuss where the pair AUD/USD might end up at. We also take a look over the Russian Rouble.
We discuss the reasons why EUR/USD could go down, as well as, ponder on what kind of candlestick will form with the British currency’. We also take a look at the curious case of the Russian Ruble.
We ponder whether the Bitcoin is about to test an intriguing level or not and provide the possible reasons why the pairs AUD/USD and USD/RUB could go down.
The last signals regarding the USD/RUB pair reinforced our ideas, so what should we do? Take a look now.
$55 a barrel crude remains “far away from the equilibrium price.” Rouble keeps “moving” above the broken descending weekly channel and prices, making the trades risky.
USD is steadily heading north.
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The Italian constitutional referendum took place on Sunday. As the focus was on the constitutional changes then it seems that the Italian political structure will be radically altered.
According to the COT CFTC reports, Ruble purchases in a larger scope have reached its historical maximum, while hedgers managed to do four times the sales with the Russian currency.
As the State Duma elections took part this Sunday, we can assume that there are steady positions ahead for the Russian Ruble. At the same time, GPB shows very promising rise for the future.
The Rouble can’t beat the current as it is being dragged down to the deep end. It is “moving” around on a wide range, but what are options considering?
On the daily chart, the GBP has formed a shooting star.
Why is the Dollar weakening? This is because the Fed has something to do with it.
As prices rise, more and more investors will be looking at shale oil, and vice versa.
We are waiting for USD/RUB to continue falling.