USD/RUB breaks pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since late October, the USD/RUB currency exchange rate was surging in a channel up pattern. The pattern captured the ongoing tensions between the west and Russia. Namely, a run of capital from Russia was taking place due to the tensions.

Most recently, on February 7, the President of France Emmanuel Macron visited Russia for talks. On that day, the pair pierced the lower trend line of the channel. On Tuesday, February 8, the pair traded almost flat, but outside the pattern. Meanwhile, from a technical analysis perspective the pair's breaking of the pattern has found support in the 50-day simple moving average at the 75.30 mark.

A move below the 50-day simple moving average could look for support in the 61.80% Fibonacci retracement level at 74.50 and the 200-day simple moving average near 73.57. Further below, note the 72.00 mark and the 50.00% retracement level at 71.90.

On the other hand, a surge of the USD against the Rouble could find resistance in round exchange rate levels at 76.00 and 77.00, before reaching the April 2021 high level zone below 78.00.
Back to articles

Actual Topics

Tue, 08 Feb 2022 10:43:04 GMT

Brent oil extends its surge

In mid-January, the price for Brent crude oil passed the 2021 high level at 86.73. At the start of February, the commodity passed the 90.00 mark. On February 8, the price was retracing back down in the aftermath of booking a new high level the day prior. If the commodity price continues to surge, the price for Brent crude

Mon, 07 Feb 2022 10:45:11 GMT

US Small Caps 2000 index

The US Small Caps 2000 index passed below the support zone of 2,085.00/2,135.00 on January 19. Since then, the stocks have reached and shortly traded below the 1,900.00 mark and the 2021 low level of 1,938.00. In the aftermath of the drop, the index has retraced back up to the resistance of the 2,050.00 mark. If the stock index declines, it

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.