Currency pair USD/RUB is trading at 111.77. 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’s quotes are moving near the upper border of the Bollinger Bands indicator bands.
USD/RUB forecast Dollar Ruble on March 3, 2022
As part of the forecast for the USD/RUB pair, a test of the level of 105.80 is expected. Where should we expect an attempt to continue the growth of the USD/RUB pair and further development of the upward trend. The target of this movement is the area near the level of 124.50. The conservative area for buying the USD/RUB pair is located near the lower border of the Bollinger Bands indicator at the level of 67.40.
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 bands. As well as a moving average with a period of 55 and the closing of the pair’s quotes below the area of 65.60. This will indicate a change in the current trend in favor of the bearish trend for USD/RUB. In the event 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 March 3, 2022 implies a test level of 105.80. Further growth is expected to continue to the area above the level of 124.50. The conservative area for buying is located area of 67.40. Cancellation of the growth option for the USD/RUB pair will be a breakdown of the level of 65.60. In this case, we should expect the continuation of the fall.
