Currency pair USD/RUBis trading at 73.76. 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 quotes of the pair are moving near the middle border of the Bollinger Bands indicator bars.
USD/RUB forecast Dollar Ruble on May 20, 2021
As part of the forecast of the Dollar/Ruble pair, a test of the level of 74.10 is expected. Where can we expect an attempt to continue the fall of the USD / RUB pair and the further development of the downward trend. The purpose of this movement is the area near the level of 72.80. The conservative area for sales of the USD/RUB pair is located near the upper border of the Bollinger Bands indicator strip at 74.30.
Cancellation of the option to continue the fall of the Dollar/Ruble pair will be a breakdown of the upper 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 above the 76.50 area. This will indicate a change in the current trend in favor of the bullish for USD/RUB. In case 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 May 20, 2021 implies a test level of 74.10. Further, the continuation of the fall to the area below the level of 72.80 is expected. The conservative selling area is located near the area of 74.30. The cancellation of the USD/RUB pair fall option will be the breakdown of the level of 76.50. In this case, we should expect continued growth.