Russian Ruble: Potential Jump Ahead?

Good day,
The USD/RUB has closely approached the supporting level of 73.00, away from which the asset might jump. The asset’s price might hit below the level of 73.00 and test the supporting zone.

The Japanese yen has touched the downtrend, forming some sort of triangle on the price chart. We feel that this asset might pull from the downtrend and drop. Should the asset’s price break the line and solve the triangle, things might go the opposite way. So, let’s wait and see what’s about to happen next.

American stock index S&P500 has reached the level of 3959.00. The asset’s price might undergo a correction soon. The index might also break this level and jump, but it is likely to drop for now.
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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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