Is the USD/RUB Is Ready to Jump?

<p>Good day!</p>
<p>The USD/RUB remains in the descending triangle and volatility is now minimal. The asset could potentially break the upper side of triangle and jump. It can also break the lower side of triangle but let’s wait and see what happens next:</p>
<p><img class="alignnone size-large wp-image-43652" src="http://blog.tickmill.com/wp-content/uploads/2020/05/1-17-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/1-17-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-17-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-17-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-17.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>Gold broke the upper side of symmetrical triangle and tested the level of 1747.00. Now, to continue its ascending move, gold should break the resistance at the level of 1747.00 or get back to the broken side of the symmetrical triangle:</p>
<p><img class="alignnone size-large wp-image-43662" src="http://blog.tickmill.com/wp-content/uploads/2020/05/2-14-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/2-14-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-14-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-14-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-14.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The British pound broke the range down. The asset is currently approaching a very strong psychological level of 1.2000 away from which it could potentially jump, targeting the lower side of broken range:</p>
<p><img class="alignnone size-large wp-image-43654" src="http://blog.tickmill.com/wp-content/uploads/2020/05/3-8-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/3-8-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-8-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-8-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-8.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The price of American stock index S&amp;P500 is remaining at the horizontal level of 2790.00, which is also the middle point of the last large-scale drop (50% Fibonacci). The asset’s price has also closed with a bullish engulfing at the horizontal line which could indicate a potential jump:</p>
<p><img class="alignnone size-large wp-image-43655" src="http://blog.tickmill.com/wp-content/uploads/2020/05/4-3-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/4-3-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/4-3-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/4-3-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/4-3.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The price of Australian currency has repeatedly pulled from the broken daily downtrend.</p>
<p><img class="alignnone size-large wp-image-43663" src="http://blog.tickmill.com/wp-content/uploads/2020/05/5-1-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/5-1-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/5-1-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/5-1-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/5-1.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>Let us remind you that this material is provided for informative purposes only and cannot be considered as a direct go ahead to implement transactions in the financial markets. Trading in the financial markets is very risky.</p>
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