Currency pair USD/RUB is trading at 62.19. Quotations of the pair are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for the Dollar/Ruble. At the moment, the quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. A level test of 62.50 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near level 61.10.
USD/RUB forecast Dollar Ruble on July 31, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 63.40. The abolition of the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the 64.00 area, which will indicate a change in the bullish trend for the Dollar/Ruble. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
