USD/RUB forecast Dollar Ruble on May 22, 2020

Currency pair USD/RUB is trading at 70.90. 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 lower border of the Bollinger Bands indicator stripes.

USD/RUB forecast Dollar Ruble on May 22, 2020

As part of the forecast, the pair Dollar/Ruble is expected to test the level of 72.00. 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 69.00. The conservative sales area for the USD/RUB pair is located near the upper border of the Bollinger Bands indicator strip at 73.50.

USD/RUB forecast Dollar Ruble on May 22, 2020

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 stripes. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​75.00. This will indicate a change in the current trend in favor of the bullish for USD/RUB. In case of 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 22, 2020 implies a test level of 72.00. Further, it is expected to continue falling to the area below the level of 69.00. The conservative sale area is located is near the area of ​​73.50. The cancellation of the fall of the USD/RUB pair will be the breakdown of the level of 75.00. In this case, we should expect continued growth.


Best Forex Brokers

Share This Post

Post Comment