The rouble has seen weakness since the recent Syria debacle, and this weakness looks to continue longterm as shown below. But as for now, here is a shorter term outlook with a great risk/reward ratio trade.
Below is a rough longterm forecast/scenario:
Below is a rough longterm forecast/scenario:
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LONGTERM RUBLE OUTLOOK:
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A closer look into current developments
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upon inspecting the price action on the ruble index, we there are some hints that we may see some upside before the longer-term decline continues.
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might be time for a consolidation
might be time for a consolidation
