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
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