USD/RUB forecast Dollar Ruble on October 29, 2018

Currency pair USD/RUB is trading at 65.54 Quotes of the pair is 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 upper border of the Bollinger Bands indicator bars. A test of level 65.80 is expected, from which one can expect an attempt to continue to fall and further develop a downward trend with a target near the level of 64.10.

USD/RUB forecast Dollar Ruble on October 29, 2018

USD/RUB forecast Dollar Ruble on October 29, 2018

The conservative sales area is located near the upper border of the Bollinger Bands indicator bars at 66.00. Cancellation of the option to continue the fall of the pair Dollar/Ruble will be a breakdown of the upper border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of the pair above 66.50, which will indicate a change in trend in favor of the bullish for 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.

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