USD/RUB forecast Dollar Ruble on October 29, 2020

Currency pair USD/RUB is trading at 78.07. 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 bars.

USD/RUB forecast Dollar Ruble on October 29, 2020

As part of the forecast of the Dollar/Ruble pair, a test of 77.80 is expected. 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 79.20. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator strip at 75.60.

USD/RUB forecast Dollar Ruble on October 29, 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 ​​74.30. 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 October 29, 2020 implies a test level of 77.80. Further growth is expected to continue to the area above the level of 79.20. The conservative area for buying is located area of ​​75.60. The cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 74.30. In this case, we should expect the fall to continue.


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