USD/Rub, with the turmoil in Russia and more Sanction coming, despite the RCB has increased the interest rate, Usd/Rub still looking very bullish.
Daily time frame bullish flag was complete at 0.618 Fibonacci retracement level and a buy signal was generated with a stop loss at 33.292 and profit target at 37.225, just above the D full swing of the previous A B C D, this may take time or it may reach fast, either way I am bullish on Usd/Rub .
I am Bullish ( buy ) Usd/Rub
USD/RUB
Last week US dollar Index broke 80.60 and 80.80 and aimed for our target 81.10 – 81.20 where the move stopped, It was not easy move to the upside, it too a few days of consolidation waiting for a few fundamental news which all came out good in favor of the dollar.
I remain bullish on the dollar, but I expect a pull back this week, the stop for the Index will be moved up to 80.50 to protect some of the profits and remain long up to 81.92 for the second target.
This week full of very important fundamental news for the dollar, most important one is NFP ( Non-Farm Employment Change ) on Friday the 1st of August, we may see consolidation during this week and up to Friday.
US Dollar Index
Elliott Wave Harmonic 