The currency pair US Dollar to Russian Ruble USD/RUB completes the trading week at 56.96. The pair continues to move below the moving average with a period of 55, indicating a bearish trend in the US dollar against the Russian Ruble. At the moment, the pair’s quotes are moving near the middle border of the Bollinger Bands indicator bars. The pair is expected to rise near the level of 57.70, where again we should expect an attempt to continue falling with the first goal near the level of 55.50.
Bollinger Bands forecast USD/RUB for May 1 — 5, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at the level of 57.70. Canceling the continuation of the fall of the pair USD The Russian ruble will break through the region of the upper border of the indicator bands, as well as the moving average with a period of 55 and the closing of quotations of the pair above the area of 58.40, which indicates a change in the trend in favor of the bullish on USD/RUB. In the event of a breakdown of the lower boundary of the indicator strip, it is expected to accelerate the fall of the pair into the region below the level of 55.50.