Will this be the day?

USD/RUB

Agreed. If one looks at the USD Index currently, selling oil and the commodities in the short term might be a bad idea.

Trading Crude Oil with price action + indicator

The USD/RUB is again at 50 WMA. It provided support the first time and the cross bounced more than 3 rubles. Second attempt now to break it. This second attempt is much more forceful as the cross gave up its gains in less than 2 days. We will see ...

USD/RUB

yep...how to dilute a currency even more. US will be like Japan. All the governments bonds are bought domestically

The Club!

I think we missed a nice low this morning for UJ long at 107.80s. It might be now time to go long

The Club!

nice chart. subdued reaction.

USD/RUB

haha correct. The chinese are in trouble so they cannot buy more if the Saudis liquidate the Fed will have to buy everything. That will be interesting

The Club!

Clocktrader why dont you create a thread where you post your opinions and calls so we can filter out all the noise. In this thread your calls are lost in the flood of comments here. I have only seen a couple of your calls but they were very good.

Only Gold!

But given that we are seeing indecision and no directionality in oil at the moment, compounded with the fact that everyone is expecting a disappointing result from Doha I will not be surprised to see actually something positive coming out of Doha, ...

USD/RUB

I said first that: this test was reject and bounced hard so the prediction is not valid anymore. In addition we have not seen a pre-Doha spike in oil that could exacerbate movements in USD/RUB

USD/RUB

USD/RUB is a good oil play because it offers the upside of oil (if you are bullish) with a profitable swap. So if oil goes higher we will see USD/RUB lower. In the meantime if you are short USD/RUB you are making money every night. I dont really ...

USD/RUB

ok thanks, it kind of makes sense but this is the Fibo level and as far as wave pattern is concerned it would be totally ruined.

The Club!

Update on the short USD/RUB trade: It is approaching an area that will most probably be important but we will only know at the end of this week. This is the 65.32 level today, the 50 WMA. If it breaks this level it will be the first time since 2013 ...

USD/RUB

at which point is the pattern not valid anymore?

The Club!

next hurdle 41.38

Trading Crude Oil with price action + indicator

Unfortunately oil didn't make the decisive move yesterday but the interesting thing is that it opened over the 200 DMA today so there is good chance that this hurdle is conquered and the upside is open.

Trading Crude Oil with price action + indicator

So I did a quick analysis and what I would like to see is a drop below 107, ideally 106.76. It has to be quick, shouldn't sit there. Then I would go massively long. I believe at these levels also BOJ would contemplate an intervention, which could ...

The Club!

Interesting PrincipleAn, I will check it out

The Club!

I am thinking about it...I would prefer to see another fall to 107.60s or so before I get in.

The Club!

and yes 63 is in view and 61 as well. It is a great trade short USD/RUB. For these levels to be reached, oil needs to break through the current levels of resistance at 40.29 decisively in the daily time frame and then maybe we can even see 63 and ...

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