{"id":12166,"date":"2022-06-22T07:44:26","date_gmt":"2022-06-22T07:44:26","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12166"},"modified":"2023-05-11T07:47:01","modified_gmt":"2023-05-11T07:47:01","slug":"usdrub-made-7-year-lows-but-getting-close-to-long-term-buy-level","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/06\/22\/usdrub-made-7-year-lows-but-getting-close-to-long-term-buy-level\/","title":{"rendered":"USDRUB made 7 year lows but getting close to long-term buy level"},"content":{"rendered":"

 <\/p>\n

The USDRUB pair hit this week the lowest levels since June 2015, marking a remarkable turnaround for the Ruble (drop on the pair around -65%) since the March 2022 High at the peak of the Russia – Ukraine invasion.<\/p>\n

With this massive drop, the pair is getting very close to the Higher Lows trend-line that started during the subprime mortgage crisis in the U.S. on July 2008. This chart is on the 1W time-frame (log), with the RSI also approaching its own multi-year Support Zone. With the April – May 2015 Support Zone (made during another period of huge uncertainty in Russian economy) also close around 49.00, it is obvious that the price is near the most significant long-term Support cluster.<\/p>\n

As a result, our long-term strategy on the pair has turned heavily bullish, targeting at first the Pivot trend-line (71.00) that should act as the first Resistance. The pattern is invalidated if we get a monthly candle closing below the 2008 Higher Lows trend-line.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/USDRUB\/nyqMDZOw-USDRUB-made-7-year-lows-but-getting-close-to-long-term-buy-level<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The USDRUB pair hit this week the lowest levels since June 2015, marking a remarkable turnaround for the Ruble (drop on the pair around -65%) since the March 2022 High at the peak of the Russia – Ukraine invasion. With this massive drop, the pair is getting very close to the Higher Lows trend-line<\/p>\n","protected":false},"author":611,"featured_media":12167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12166"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12166\/revisions"}],"predecessor-version":[{"id":12169,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12166\/revisions\/12169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12167"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}