Follow Us

Header Ad

Latest Posts

Categories

The ruble and the 73rd figure, which cannot be overcome the first time?


Good day!

The Russian ruble, in small steps, but actually very close to the important support level of 73.00, a rebound from which can be expected with a high probability. It is only important to see how the price will behave horizontally in order to make a decision on the further development of the situation:

The old gentleman bounced off the strong resistance level 1.4241, closing Friday with a black candle. The likelihood of the continuation of the downward movement in the pound is quite high, even when the market opens on Monday:

The ruble and the 73rd figure, which cannot be overcome the first time?

Gold has broken through the downtrend channel, but so far only on the daily chart, although the downtrend itself is from the weekly one. An interesting scenario here is the price return to the broken channel, as well as the price touching the ascending channel (on the chart – filled), and probing the level of 1840.00. On the daily chart, it will look like just flying over the broken line and returning back. And on the daily chart, you can see a full-fledged upward reversal, at the stage of its inception:

The ruble and the 73rd figure, which cannot be overcome the first time?

Oleg Svirgun,
analyst at Tickmill brokerage company
05/24/2021

Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

    Leave Your Comment

    Your email address will not be published.*

    Forgot Password