Currency pair USD/RUB is trading at 65.64. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for the Dollar/Ruble. At the moment, the pair quotes are moving near the lower border of the Bollinger Bands indicator bands.
As part of the forecast of the pair Ruble/Dollar is expected to test the level of 66.20. Where can we expect to try to continue the decline of the USD/RUB pair and the further development of the downward trend. The purpose of this movement is the area near the level of 64.30. The conservative area for sales of the USD/RUB pair is located near the upper border of the Bollinger Bands indicator strip at 68.20.
USD/RUB forecast Dollar Ruble on November 20, 2018
Cancellation of the option to continue the fall of the Dollar/Ruble pair will be a breakdown of the area of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above the 70.00 area. This will indicate a change in the current trend in favor of the bullish USD/RUB. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.
USD/RUB forecast Dollar Ruble on November 20, 2018 implies a test level of 66.20. Further, it is expected to continue falling to the area below the level of 64.30. The conservative selling zone is near the area 68.20. The cancellation of the fall of the pair USD/RUB will be a breakdown of the level of 70.00. In this case, we can expect continued growth.
