USD / RUB ready for more growth!

Good afternoon!

More than a month quotations of oil
show an increase, especially after the formed double bottom, which is clearly
He pointed to a new trend or correction. For oil in the growth went and other risky
assets, in particular, currency commodity-dependent countries.

Of course, due to the growth of oil
dollar weakness. It is known that the product market should be for a dollar rather than
on the contrary. Although the first gold reacts in this chain.

Why the dollar weakens? After "pigeons" applications
Fed. The Committee will now forecasts growth rates this year, just two
stage. the futures market - in a single step. Our base-case scenario - in this year's rate
not raise! Economic prospects
States leaves much to be desired. Especially in light of the fact that it was silly to
December to raise interest rates in the absence of inflation. Of course, if
commodity markets in this year will grow very well, then all the cards in
Fed go on raising the base interest rate. But as long as inflation does not
It falls short of the targets, and the world's leading central banks are immersed in the zone
negative interest rates to normalize monetary policy by
rate hikes in the federal funds is still very early!

By the way, the introduction of negative
Rates - a very alarming signal. Quantitative easing has not worked, zero
rates have not brought the economy out of the coma. What's next? They say that money printing and
direct transfers to households. No wonder they say that billionaires are quietly
buying gold. For example, the same Soros.
Any currency may depreciate, but the gold is not at all times
It will lose its luster. The collapse of the monetary policy, as well as the collapse of the world economy is not
It leads to lower prices for the precious metal. Even the contrary. And we do with
interest the development of the situation in the developed world. For them until
yet unsuccessful attempts to pull its economy out of deflation and stagnation zones.

The pair USD / RUB comes close to two important
week-long lines - pierced the downtrend and the rising uptrend that
intersect at a common point:

Level to buy the pair, we will
consider 64.5000 - a target value of punched daylight
inverted flag. While focus on signals candle assay (Hammer, bovine
absorption, etc.):

The old gentleman still
He rebounded from a punctured day descending channel, so we will try by
He repeated purchases:

Also on the four-hour chart
It passes the uplink, at point 3 which is also logical to buy the pair. Till
We focus on candle signals:

Gold interesting picture -
price "spinning" punched around the upper side of the symmetrical
Triangle, which has already become the median. Here emerges an interesting
re-purchase position of the broken line of the triangle:

Buy Limit 1232.00 (on a daily
chart - this level of support); Stop Loss 1222.00; Take Profit 1263.00.

best
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About modification of pending orders can be found
here:
www.youtube.com/watch?v=rCiqcmrte0s feature = youtu.be hd = 1

Recall that the material is provided for
informational purposes only and is not a direct recommendation to commit
any transactions in financial markets. Trading on financial markets involves
with an increased risk.

Oleg Svirgun, an analyst at brokerage firm Tickmill