USD/RUB: Is a Global Reversal Ahead?

<p>Good day!</p>
<p>The currency pair USD/RUB broke the lower side of descending triangle, gaining support at the 70.50 level. It is also targeting the broken side of this triangle as well as the level of 72.70. It sees that the asset might soon pull from the broken lower side of triangle and drop. It is also highly likely that this triangle is going to reverse the current trend. The asset might also try to break the level of 70.50 and drop:</p>
<p><img class="alignnone size-full wp-image-44090" src="http://blog.tickmill.com/wp-content/uploads/2020/05/image-1-1.png" alt="" width="1094" height="508" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/image-1-1.png 1094w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-1-1-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-1-1-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-1-1-768×357.png 768w" sizes="(max-width: 1094px) 100vw, 1094px" /></p>
<p>Stock index S&amp;P500 broke the upper side of bullish flag and pulled back, closing Friday with a hammer. It should jump and reach the level of 3138.00 soon:</p>
<p><img class="alignnone size-full wp-image-44091" src="http://blog.tickmill.com/wp-content/uploads/2020/05/image-2.png" alt="" width="1094" height="508" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/image-2.png 1094w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-2-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-2-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-2-768×357.png 768w" sizes="(max-width: 1094px) 100vw, 1094px" /></p>
<p>Gold pulled from the resistance of 1747.00 and went down till the broken side of symmetrical triangle away from which it will try to break the horizontal line:</p>
<figure aria-describedby="caption-attachment-44092"><img class="wp-image-44092 size-full" src="http://blog.tickmill.com/wp-content/uploads/2020/05/image-3.png" alt="" width="1094" height="508" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/image-3.png 1094w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-3-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-3-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/image-3-768×357.png 768w" sizes="(max-width: 1094px) 100vw, 1094px" /><figcaption>Symmetrical triangle</figcaption></figure>
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