Russian Ruble Forecast: Potential Drop Ahead!
Good day,
Having pulled from the broken uptrend and the 74.00 level, the Russian ruble has formed an engulfing pattern at the end of trading week. In principle, this asset might eventually target the 72 Level. So, let’s wait and see what happens next.
The British pound keeps forming a descending wedge in the daily chart. This might signify a potential price reversal and rise. So far, the asset’s price could pull from the lower boundary of the wedge (point 5) and break it before jumping. Moreover, a very strong level of about 1.3500+ might also support the asset’s price.
Gold is moving in a very narrow range, forming a bullish flag. Therefore, the asset’s price might jump without approaching the level of 1754.00.
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