Russian Ruble Nears the Level of 80
Good day,
The Russian ruble is retesting the uptrend and level of 77. The asset might pull from the uptrend and target the psychological level of 80.
The price of the US stock index S&P 500 approached the downtrend, forming the long-legged doji. The latter might entail a potential drop. Meanwhile, a triangle is about to be formed in the asset’s daily chart.
The price of the NZD/USD pair has tested the level of 0.6790, that is, the upper boundary of range. Therefore, this asset is most likely to drop in the beginning of new trading week.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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