MACRO VIEW: MICEX IN USD RISKS ANOTHER BREAKDOWN
Rusian MICEX index, measured in US dollars is on risk of another severe breakdown.
Price is now currently trading at a key level - converged lower 1st standard deviations from 1-year and quarterly means (@ 24.75)
If the level is taken out, price will be open to fall to its relevant lows @ 23
and If those are broken down, next target would be 18.5 - the 2014 lows, reached at the peak of USDRUB December spike
Price is now currently trading at a key level - converged lower 1st standard deviations from 1-year and quarterly means (@ 24.75)
If the level is taken out, price will be open to fall to its relevant lows @ 23
and If those are broken down, next target would be 18.5 - the 2014 lows, reached at the peak of USDRUB December spike
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.