USD/RUB 4H Chart: Short-term advance expected

The USD/RUB currency pair has been appreciating since the end of June after it reversed north from the Fibo 50.00% at 68.84.  

Given that the exchange rate is guided by an ascending trend line, it is likely that some upside potential could prevail in the market in the nearest future. In this case the rate could target the psychological level at 78.00. 

In the meantime, note that the currency pair would have to exceed the Fibo 23.60% at 75.76. If the given resistance holds, it is likely that a reversal south could occur.

USDRUB

 

EUR/RUB 4H Chart: Two scenarios likely

The EUR/RUB exchange rate has been trading upwards since the end of June after it re-tested the 77.00 level.  

It is likely that some upside potential could prevail in the market as the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 82.30/86.80 area.  

Meanwhile, note that the exchange rate would have to exceed the psychological level at 90.00. If the given level holds, it is likely that a reversal south could follow. Otherwise, the rate could target the monthly R2 at 93.89.

EURRUB

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD recaptures 0.7700 amid Risk-on mood, upbeat Aussie data

AUD/USD remains strongly bid above 0.7700 after Monday’s downbeat performance. The aussie benefits from upbeat Australian housing data and risk-on mood. Incoming Treasury Secretary Janet Yellen’s indirect support to Biden’s stimulus favors the risk-takers.

AUD/USD News

EUR/USD:Falling wedge on 4H tests bearish impulse below 1.2100

EUR/USD portrays choppy trading moves between 1.2075 and 1.2080 during Tuesday’s Asian session. Bullish chart pattern, recovering MACD keep buyers hopeful. Early February lows, 61.8% Fibonacci retracement add to the downside filters.

EUR/USD News

Gold: All eyes on the greenback and US yields

Gold prices are attempting to recover as te DXY stalls in its bullish correction. The dollar could still be a catalyst for a deeper positioning squeeze in the yellow metal. The US dollar strengthened for a third consecutive day on Monday.

Gold news

BTC/USD: Its a make or break at 36170

BTC/USD is trending up again in the 30 minutes time frame; the price structure has changed since the weekend selloff with higher highs and higher lows. Prices fell below the crucial point at 36170 in yesterday's session but bounced back.

Read more

US Dollar Index: Drops back towards fortnight-old support below 91.00

DXY extends pullback from highest in one month. The Index remains on the back foot around 90.68, down 0.10% intraday, during early Tuesday. Monday’s Doji at multi-day top, overbought RSI favor further consolidation of gains.

US Dollar Index News

Forex Majors

Cryptocurrencies

Signatures