Last week the USD/RUB currency pair was staying in the narrow range, that is, between the 63.60 and 64.00 levels. For this asset, the 63.60 level of is serving as a very strong support therefore, we could assume that USD/RUB is about to jump:
The reports by COT CFTC show that large operators are lying low. They closed some long positions, yet things are still totally flat like in the chart above. Although it could always be the calm before the storm:
Regarding the British currency, we’re seeing the classic price range forming in the daily chart. Currently, the asset’s price is about to approach the lower boundary of this range, that is, the 1.2783 level. The asset might either break through or pull back therefore, we could rely on the candlestick patterns here:
The price of silver is forming a pattern very much resembling a flag – usually signifying the continuation of the current trend. In principle, should silver drop, it could repeatedly pull back up and away from the broken downtrend to retest it:
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.