USD/RUB forecast Dollar Ruble on November 5, 2020

Currency pair USD/RUB is trading at 79.47. 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 middle border of the Bollinger Bands indicator bars.

USD/RUB forecast Dollar Ruble on November 5, 2020

As part of the forecast, the Dollar/Ruble pair is expected to test the level of 78.30. Where can we expect an attempt 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 81.60. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator strip at 78.10.

USD/RUB forecast Dollar Ruble on November 5, 2020

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 bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​76.30. 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 November 5, 2020 implies a test level of 78.30. Further, growth is expected to continue to the area above the level of 81.60. The conservative area for buying is located area of ​​78.10. The cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 76.30. In this case, we should expect the fall to continue.


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