The oil issue ... - page 33

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Tit for tit (and this is also considering that BRN is probably lagged):


 
Sergey Golubev:

Found - this indicator here in the codebase (for MT4):


That is,

  • when oil is 43.51, the rouble might be 67.77, and this will be a multidirectional price movement (of both oil and the rouble) on the way to an uptrend.
  • when oil is 51.10, then the ruble will be 62.10, and that will be the start of an uptrend in oil and ruble prices.


 

Explanation of the chart: prices have pushed back from $27, at this level is the resistance broken in early 1997, which has become support.

My opinion is that the bottom is near or formed, if they sell the quotations lower, probably not more than $2-3 from the current low.

The range for the years is 26-27 to 67, with a possible short-term touch at $81.

From the past in late 1990, short-term momentum going up to 41 lasted about half a year and deflated again.

 

That is to say, this crisis really became visible in the summer of 2014:


 
Sergey Golubev:

That is,

  • when oil is 43.51, then the ruble will be 67.77, and this will be a multidirectional price movement (of both oil and the ruble) on the way to an uptrend.
  • when oil is 51.10, the rouble will be 62.10, and this will be the start of an uptrend in oil and rouble prices.


Post theCanadian dollar, it too reacts sensitively to oil.
 
forexman77:
Post the Canadian dollar, it too reacts sensitively to oil.
Here - also tit for tat. So it's like in Canada:



The blue line is the 100 SMA (SMA with a period of 100) and the red line is the 200 SMA (with a period of 200) - just sometimes they measure the trend as up/down/divergent on those muvings (price above 200 SMA is up, below is down, and between 100 SMA and 200 SMA is secondary multidirectional within a primary up (above 200 SMA) or down).

But I think oil will rise faster than the USD/CAD will start to strengthen (be below the 200 SMA).

 
Sergey Golubev:
This is also in tic-tic-tac-toe. So it is like in Canada:



the blue line is the 100 SMA (SMA with a period of 100) and the red line is the 200 SMA (with a period of 200) - just sometimes they measure the trend as up/down/divergent on these muvings (price above 200 SMA is up, below is down and between 100 SMA and 200 SMA is secondary multidirectional within a primary up (above 200 SMA) or down).

But I think oil will rise faster than the USD/CAD will start to strengthen (being below the 200 SMA).

Canada is an oil country and its currency correlates well with the oil market, at least it says so everywhere, the same can be said about the pound in UK and Scotland in particular with a lot of oil platforms.

By the way, the USDCAD has to be understood the other way round, if it is going up, it means that the Canadian dollar is going down.

 
forexman77:

Canada is an oil country and its currency has a good correlation to the oil market, at least it says so everywhere, the same can be said about the pound, in particular in Scotland, where there are many oil platforms.

By the way, the USDCAD has to be understood the other way round, if it goes up, it means that the Canadian dollar goes down.

It is the same with us: the price to the rouble goes down - to the strengthening (the rouble is good, and the dollar is bad), and from the rouble to the dollar - to the weakening (the rouble is bad, and the dollar is good).
 
downshifter
  1. Downshifting is a term for the life philosophy of "living for oneself", "giving up other people's goals". Related to the concept of simple living, as well as pollination in the religious philosophy of Leo Tolstoy.http://ru.wikipedia.org/wiki/Дауншифтер

"Downsifting is most developed in the US and Australia ..."

 

Here's the AUD/USD (here if the price goes down, the Aussie dollar goes down):


Their currency started falling even earlier than oil ...

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