Currency pair USD/RUB is trading at 63.52. 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 upper border of the Bollinger Bands indicator bands.
USD/RUB forecast Dollar Ruble on July 8, 2019
As part of the forecast of the pair Ruble/Dollar is expected to test the level of 63.40. 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 64.40. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator strip at 62.60.
Canceling the option to continue the growth of the Dollar/Ruble pair will be a breakdown of the area of the lower boundary of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closure of matches of the pair below area 62.10. 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, one should expect an acceleration of growth.
USD/RUB forecast Dollar Ruble on July 8, 2019 implies a test level of 63.40. Further growth is expected to continue to the area above the level of 64.40. The conservative buying area is located is near the area of 62.60. The cancellation of the growth of the pair USD/RUB will be the breakdown level of 62.10. In this case, we should expect the continuation of the fall.