Currency pair USD/RUB US Dollar to Russian Ruble is trading at 57.74 Rubles per Dollar. The pair is trading below the lower border of the Cloud indicator Ichimoku Kinko Hyo. This indicates the presence of a bearish trend in the pair US Dollar Russian Ruble. As part of the forecast of the Dollar exchange rate for today September 15, 2022. A fall is expected to develop and a test of the upper border of the Cloud of the Ichimoku Kinko Hyo indicator near the level of 58.40. Where should we expect a rebound and a continuation of the fall of the USD/RUB pair with a target at the level of 50.65.
Russian Ruble Forecast USD/RUB September 15, 2022
An additional signal in favor of the depreciation of the Dollar against the Russian Ruble on September 15, 2022 will be a rebound from the resistance area on the price chart. The second signal will be a rebound from the upper border of the Triangle pattern. Earlier, a weak signal was received for selling the pair US Dollar Russian Ruble. The signal was formed due to the crossing of signal lines at the level of 58.45.
Cancellation of the option to reduce the quotes of the USD/RUB currency pair and the Ruble exchange rate will be a strong growth of the Dollar against the Russian Ruble and a breakdown of the upper border of the Ichimoku Kinko Hyo Cloud with closing quotes above the level of 62.05. This option will indicate a change in the bearish trend in favor of the bullish trend and continued growth of the Dollar against the Russian Ruble with a potential target at 66.05. It is worth expecting an acceleration in the fall of the USD/RUB pair with a breakdown of the support area and closing of asset quotes below the level of 56.05, which will indicate a breakdown of the lower border of the “Triangle” model and the beginning of the pattern with targets below.
Russian Ruble Forecast USD/RUB September 15, 2022 suggests an attempt to test the resistance area near the level of 58.40. Where should we expect the currency pair to continue falling with a potential target near the level of 50.65. Cancellation of the option to reduce the pair will be a breakdown of the area of 62.05. This will indicate a continuation of the growth of the US Dollar against the Russian Ruble with a potential target above the level of 66.05.