USD/RUB Likely to Drop
Good day,
The USD/RUB currency pair broke the horizontal level of 77.00 and uptrend. This asset will most likely drop, targeting the level of 73.00. Of course, the asset might also retest the broken lines, yet it will probably drop after that.
Gold keeps targeting the level of 1920.50 to no avail as the asset’s price tries to close below the key level of 1900.00. So far, it looks like gold is about to drop anytime soon.
The US stock index S&P500 is staying still and waiting for presidential elections to take place. The asset’s price will probably retest the broken uptrend in gray color from the weekly chart, and then only drop. The asset might become volatile against the results of presidential elections. For now, it is just going up and down with no drastic changes.
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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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