Currency pair USD/RUBis trading at 75.44. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for pair Ruble/Dollar. At the moment, the pair’s quotes are moving near the lower border of the Bollinger Bands indicator bands.
USD/RUB forecast Dollar Ruble on February 8, 2022
As part of the forecast for the USD/RUB pair, a test of the level of 76.10 is expected. Where should we expect an attempt to continue the fall of the USD/RUB pair and further development of the downward trend. The target of this movement is the area near the level of 74.30. The conservative area for selling the USD/RUB pair is located near the upper border of the Bollinger Bands indicator bands at the level of 76.70.
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 bands. As well as a moving average with a period of 55 and the closing of the pair’s quotes above the area of 77.10. This will indicate a change in the current trend in favor of the bullish for USD/RUB. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall.
USD/RUB forecast Dollar Ruble on February 8, 2022 implies a test level of 76.10. Further, it is expected to continue falling to the area below the level of 74.30. The conservative selling area is located near the area of76.70. Cancellation of the option of falling the USD/RUB pair will be a breakdown of the level of 77.10. In this case, we should expect continued growth.
