#USDRUB = Wow! = 28.03.2022 = $USDRUB #Forex #Currency #ElliottWave #RUB #Ruble

#Ruble is forming a very strong impulse wave down (I don’t recall seeing such a strong and clear impulse southbound for a while). The chart above – a typical Elliott Wave projection for such waves.
If #USDRUB continues this wave till March 31st, it has a good chance to close March with a damn bearish combo. It is already very bearish and has little chance to flip bullish in the remaining 3 days.
I just wanted to emphasize that if the pair closes below 77.34 on March 31st (and the chart above supports this outcome), it will be extremely bearish on the monthly frame and would open a path to much lower prices.

Long Term Forecast:

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