EUR/RUB Trading forecasts and signals

The quotation of the EUR/RUB currency pair shows how many Russian rubles you need to pay for one euro.In this pair, the Euro is the base currency, and the ruble is the quoted currency.The euro is a freely convertible currency and the official currency of Eurozone countries, and it ranks second in turnover after the US dollar.Now the euro is gaining popularity as the reserve currency of many national banks. On the Forex currency exchange, the participation of the euro in trading transactions is about 30%, while the Russian ruble is not a popular currency in the Forex market in the world, and is considered a low-yielding commodity monetary unit.The EUR/RUB price chart has a fairly high volatility. You can connect various indicators directly on this chart to conduct technical analysis and change the timeframe period.General characteristics of the EUR RUB currency pairCurrently, the euro-ruble currency pair, usually considered quite exotic, has become quite popular among players from the CIS countries. This currency pair is quite new compared to others, but the number of brokers that allow trading EUR/RUB is constantly growing due to the growing demand on the currency exchange. Also today, due to the growing popularity of this currency pair, the number of analysts covering the economic situation in the ruble and the macroeconomic situation in Russia as a whole is increasing.The euro-ruble currency pair shows the greatest dynamics in the second part of the Asian and European trading sessions, that is, from about 8 to 18 o'clock Moscow time.It is necessary to analyze the schedule for making long–term decisions in the afternoon – from 16 o'clock and later, since during this period the dynamics of the schedule is minimal.Read more: GBP/RUB: features, characteristics, signals, analysis forex & trading forecastsAnalytics, factors of influence and what the EURRUB rate depends onThe euro-ruble quote, as well as other currency quotes, is influenced by a complex of political and economic factors. Among the main ones are the decisions of the Central Bank of Russia and various international organizations on the implementation of monetary policy. Since the Central Bank's goal is to ensure the stability of the national currency, the policy pursued by it seeks to smooth out fluctuations in the exchange rate.Among the factors of the ruble 's growth are the following:Stable political and economic situation in the country;The rise in oil prices on the world market;Interest of foreign investors in investments in the Russian economy;Increased production and increased exports.The following factors contribute to the fall of the ruble:Capital outflow;Slowing GDP growth;Strengthening of the euro;Stagnation of the economy.By carefully analyzing all of the above factors, it is possible to form a forecast of the EUR/RUB exchange rate for the foreseeable future.Read more: GBP/NZD: signals & trading forecasts, features, characteristics, analysisHow to trade the EUR/RUB pairThe euro-ruble currency pair is most in demand among traders from CIS countries. Experts recommend to carry out medium-term or long–term trading on the euro-ruble pair due to large spreads - for example, if the standard spread for the Euro-Dollar pair is at least 2 points, then for the EUR/RUB pair it can be much larger, which is not noticeable in long-term trading, but makes intraday trading difficult, so trading on The euro-ruble pair stands on time frames starting from H4.For trading on the euro-ruble currency pair, the use of a stochastic oscillator is suitable. Analysis using a stochastic graph is quite simple. At the very beginning, the time frame of interest is selected, after which you analyze the position of the intersecting indicators (two red and blue lines):if they intersect above the upper level of the marked range from 20 to 80, you need to lower the rate;if below the lower level – respectively, to increase;if the intersection point of the curves lies within the range, then the data is not accurate enough to open a trade.Also, for the EUR/RUB pair, the Chaikin oscillator is a convenient evaluation tool. This is an extremely simple tool that consists in analyzing the position of the curve on the graph in relation to the zero level. If the curve crosses zero at the moment of growth, a deal should be opened for an increase; if at the moment of decrease, a deal is opened for a decrease.Features of the Euro-Ruble currency pairThe euro-ruble currency pair has high volatility, that is, price variability over certain time intervals. The reason for this is many factors: the interest rates of the Central Bank of the Russian Federation, economic sanctions and the economic situation in the Russian Federation as a whole, the dynamics of world prices for oil and gas products, the commodity balance and much more.Fluctuations in the dynamics of ruble quotes against the euro are mainly facilitated by changes in the Russian economy – the largest movement of EUR/RUB quotes can be observed during the publication of economic news and speeches by the country's leadership and major banks. However, the volatility of the EUR/RUB pair is also influenced by the situation in the Eurozone.Read more: EUR/SGD: quotes, chart online, signals, analysis & forecasts for todayAs practice shows, in short periods of time, the movement of quotations of the euro-ruble pair is directed in one direction – either only to increase or decrease. The growth of quotes is usually sharp and depends on many factors, some of which turn out to be unpredictable, but the fall, as a rule, on the contrary, is smooth.Based on the high volatility of this currency pair, it can be concluded that trading on EUR RUB has quite a lot of risks, but with a thorough analysis of the economic and political situation, it allows you to get a quick and large ...