USD/RUB forecast Dollar Ruble on August 21, 2020

Currency pair USD/RUB is trading at 73.28. Quotes of the pair are trading above the moving average with a period of 55. This indicates the presence of a bullish trend for pair Ruble/Dollar. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bars.

USD/RUB forecast Dollar Ruble on August 21, 2020

As part of the forecast of the Dollar/Ruble pair, a test of the level of 73.00 is expected. Where can we expect to try to continue the growth of the USD/RUB pair and the further development of the upward trend. The purpose of this movement is the area near the level of 74.30. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator bars at 72.80.

USD/RUB forecast Dollar Ruble on August 21, 2020

Cancellation of the option to continue the growth of the Dollar/Ruble pair will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​71.50. This will indicate a change in the current trend in favor of the bearish for USD/RUB. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration of growth.

USD/RUB forecast Dollar Ruble on August 21, 2020 implies a test level of 73.00. Further, growth is expected to continue to the area above the level of 74.30. The conservative area for buying is located area of ​​72.80. The cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 71.50. In this case, we should expect the fall to continue.


Best Forex Brokers

Share This Post

Post Comment