USDRUB again assaults strong support level around $63.4 after a sharp increase by almost a ruble. It is the third try of the bears to breakdown the level, after which there may open an opportunity to reach 62 or lower levels. But it is important to wait for price consolidation because the ruble has no fundamentally strong support.
Despite the market expected the drop of GBP/USD after Brexit, it didn’t happen. It probably has been already taken into account by the market price because the situation lasted too long. Nevertheless, the pattern «Head and shoulders» leaves a chance of falling.
Brent oil price has been continuing active decrease since the beginning of 2020 and lost almost 20% or more than $17. It was mainly caused by difficulties in OPEC+ agreement fulfillment, presence of shale companies, new fields and partly by political and medical conditions in the world. Technically, brent oil price has overcome the main […]
USDRUB returned to growth after sharp drop at the beginning of 2020. Price has already recovered over 50% of decrease and according to MACD it is not the end of upside movement, but only the beginning. After a short pause a new upward surge to the level of 63.5 rubles per dollar is possible.
Will gold price move up or breakdown the support line at $1550 as a correction to the recent strong growth? Analysts and market experts still find it difficult to give a definite answer. Technically, it wants to correct to $1520, but fundamentally market needs protective assets. So we recommend to wait.
