Russian Ruble Targets 80+ And Counting

<p>Good day!</p>
<p>The USD/RUB pair corrected itself below the level of 75.70 just to jump against the drop in oil prices. Currently, the asset’s price is pulling back to the horizontal level of 75.50 away from which it can jump again. In principle, Urals is going up therefore the Russian ruble might target the level of 80+ anytime soon and the level of 82.50 will be the first one to reach:</p>
<p><img class="alignnone size-large wp-image-42251" src="http://blog.tickmill.com/wp-content/uploads/2020/04/1-24-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/04/1-24-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/04/1-24-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/04/1-24-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/04/1-24.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The price of silver broke the local level of 14.72 just to get back to it, trying to form a bullish engulfing. We feel that silver might potentially target the level of 16.50:</p>
<p><img class="alignnone size-large wp-image-42252" src="http://blog.tickmill.com/wp-content/uploads/2020/04/2-19-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/04/2-19-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/04/2-19-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/04/2-19-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/04/2-19.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The price of the American stock index S&amp;P500 got back to the psychological level of 2800.00 yet it might potentially drop till the level of 2340.00.</p>
<p>Of course, the asset might also jump against FED stimulus and this would be the best way to target the level of 3000.00 and head even further. This is how market history is taking shape even despite volatility and interesting trading situation because there should always be a room for even the most outrageous plan:</p>
<p><img class="alignnone size-large wp-image-42254" src="http://blog.tickmill.com/wp-content/uploads/2020/04/3-10-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/04/3-10-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/04/3-10-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/04/3-10-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/04/3-10.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/tech-analysis/russian-ruble-targets-80-and-counting/">Russian Ruble Targets 80+ And Counting</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>