Three technical conditions for the further weakening of the ruble
Let us consider three technical reasons, the presence of which we can speak about the future inevitable weakening of the ruble against the dollar.
1. The key resistance 72.80 Line. At a penetration level of this price the closed weekly bar possible further uptrend in the form of a rapid and sharp punch movement. Moreover, this level of resistance is the key – it is present as an ‘apex’ on the weekly and monthly chart prices. If the price of the pair USD / RUB breaks this level from the bottom up, it is possible the rapid upward trend until the formation of the price of a new ‘peaks’, the value of which will be located close to 90 rubles per dollar.
3. ‘Probojnaja’ line Chinkou Span indicator Ichimoku price crosses from bottom to top the closed bar. As we can see from the chart below – this condition is already fulfilled: the line Chinkou Span (green color on the left side of the graph) price crossed from the bottom up, indicating a possible upward breakdown in the near future.
Execution of the totality of these conditions makes a further sharp weakening of the ruble is almost inevitable.
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