Currency pair USD/RUB is trading at 65.37. Quotes of the pair are trading 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 pair quotes are moving near the lower border of the Bollinger Bands indicator bands. The test is expected at the level of 66.10, whence we should expect an attempt to continue the fall and further develop the downward trend with a target near the level of 63.80.
USD/RUB forecast Dollar Ruble on October 16, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 66.80. Cancellation of the option to continue the growth of the pair Dollar/Ruble will be a breakdown of the moving average area with a period of 55, as well as the lower border of the Bollinger Bands indicator bands and closing quotes of the pair below the 67.00 area, indicating a change in trend in favor of bearish USD/RUB. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.