{"id":76719,"date":"2015-08-12T05:03:47","date_gmt":"2015-08-12T09:03:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=76719"},"modified":"2015-08-12T07:59:39","modified_gmt":"2015-08-12T11:59:39","slug":"brentrub-crude-russian-ruble-forex-technical-analysis-august-11-2015","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/brentrub-crude-russian-ruble-forex-technical-analysis-august-11-2015\/","title":{"rendered":"&amp;BRENT\/RUB (Crude Russian Ruble): Forex Technical Analysis August 11, 2015"},"content":{"rendered":"<div id=\"inves-1955254136\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 12, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>Probable mean reversion<\/p>\n<p>In this review we would like to present you the <b><a href=\"http:\/\/www.ifcmarkets.com\/en\/trading-conditions\/personal-instrument-pci\/brent_rub\">&amp;BRENT_RUB<\/a><\/b> personal composite instrument (PCI) on the daily time frame. The instrument implies quoting Brent oil with the Russian rouble. In January-May, 2015 fuel and energy commodities accounted for 65% of Russian export. That is why the rouble exchange value depends heavily on global oil prices. On the chart it looks like the PCI intermittently reverses to the 200-day Moving Average. At the beginning of the year Russia launched the so-called \u201ctax maneuver\u201d. It involves simultaneous cutting import fees (in order to make them consistent with Eurasian Economic Union) and raising mineral extraction taxes. We believe it may support Russian oil prices, expressed in roubles.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/11-08-2015.png\" alt=\"PCI\" width=\"600 px\" \/><\/p>\n<p>On the daily chart the <b>BRENT_RUB<\/b> PCI has been trying to cross up the downtrend. <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD<\/a> and Parabolic have shaped bullish signals. Bollinger bands have narrowed, indicating low volatility; the lower Bollinger line has been trying to reverse up. RSI-Bars has formed a bullish divergence but has not yet reached 50. A bullish momentum may develop if the price closes above two latest fractal highs and the <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\"> Parabolic<\/a> signals at 3330. A stop loss may be placed below three latest fractal lows, the Parabolic signal and the Bollinger band at 3150. After pending order activation the stop loss is supposed to be moved every day to the next fractal low, following Parabolic and Bollinger signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. The most cautious traders are recommended to switch to the H4 time frame and place a stop loss there, moving it after the trend. If the price reaches the stop loss without triggering the order, we recommend to cancel the position: the market sustains internal changes that were not considered.<\/p>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">above 3330<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">below 3150<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Probable mean reversion In this review we would like to present you the &amp;BRENT_RUB personal composite instrument (PCI) on the daily time frame. The instrument implies quoting Brent oil with the Russian rouble. In January-May, 2015 fuel and energy commodities accounted for 65% of Russian export. That is why the rouble exchange value [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76719","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=76719"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76719\/revisions"}],"predecessor-version":[{"id":76732,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76719\/revisions\/76732"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}