Currency pair USD/RUB is trading at 61.24. 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, quotes of the pair move near the middle border of the bands of the indicator Bollinger Bands. A level test of 61.70 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 59.50.
USD/RUB forecast Dollar Ruble on May 25, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at the level of 62.60. The abolition of the option of continuing the fall of the pair Dollar/Ruble will be a breakdown of the upper range of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 63.20, indicating 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.