Will the Russian Rouble continue to drop?

At some point the Russian Central Bank will interfere and stop the tumble which in my opinion has been going on too far. I am bearish on the USDRUB above 52.00.

What type of spread do you pay on this pair?

USD/RUB was in a strong and consistent uptrend during the recent months that buyers were successful in achieving the highest price of 54.90925.Right now in long term time frames such as monthly ,weekly and daily there is not any clear reason for increasing of the price and price with being above 5-day moving average in monthly, weekly and daily time frames warns about increasing of price during the next candles.According to the formed price movements in the chart, between the bottom price of 41.206726 and top price of 54.909252 ,there is AB=CD harmonic pattern with ideal ratios of 50 and 200 that with completion of the D point there will be a warning for descending of price.

Stoch indicator is in saturation buy area and in divergence mode with the price chart confirms the mentioned top price and warns about changing price direction.In the range of the D point, there are Hanging Man and spinning top candlestick pattern which is not a good sign for the buyers that there is the possibility for formation of a top price.Please note that Currently There is no clear and important sign(in daily and weekly TF) for descending of the price and the least sign for price reformation and increasing of the price is formation of a top price in daily time frame.

Depends on market volatility, but on average around 34 pips.

…yikes. 34PIPS? You trade this instrument frequently?

Why would you think it has to reverse or stop it’s movement?
Why do you think is price is higher than 5 period average value, it is some sort of sing for anything?

There is only one thing …good old: " trend is your friend"

Have not you heard the “super smart” prediction by “super smart” people?

Next year Putin will be 63, oil price will be down to $63 and USD/RUB will be at 63. And the dumbest part is that no one can say it will not be like that. fallowing trend is your friend ideology,
Putin is 62 in 2014, and he was 61 in 2013, if you fallow the trend make sense for him to be 63 in 2015.
Trend for oil price has been going down for some time now and the same for RUB. I do not think any indicator/formations giving opposite signals would be taken into consideration.

Let’s put it this way, no one has a clue where prices will go. We have as usual 50/50 chance for any direction, believing that trend might give us so called “edge” of this equation 50/50 becoming at least 49/51 in favour of a trend. Those would be good enough odds to trade long term for us to make profit with solid “money management”…is not that what trading is all about?

Never believe what Kremlin says, it can be either a lie or a propaganda, a few months ago Putin was ignoring sanction, today Putin urges EU to cancel them because as he said it harms both sides. Some Russian commentators say that Putin’s days are counted and soon world can see a new Russian leader which will soften the situation.

“Soften” the situation? For US to completely be OK with Russia, Russia would need to do more than revert things i.e. return Crimea, pull back military and probably paying compensation, probably some more stuff because US likes that.

For the next leader to do all that…would be equal to political suicide. Half measures won’t be accepted by US, because look at the Middle East.