Currency pair USD/RUBis trading at 73.97. 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 pair quotes are moving near the lower border of the Bollinger Bands indicator bars.
USD/RUB forecast Dollar Ruble on September 1, 2020
As part of the forecast, the pair Dollar/Ruble is expected to test the level of 74.30. Where can we expect an attempt at the continuation of 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 72.70. The conservative area for sales of the USD/RUB pair is located near the upper border of the Bollinger Bands indicator strip at 76.00.
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 the closing of quotations of the pair above the 77.50 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 September 1, 2020 implies a test level of 74.30. Further, it is expected to continue falling to the area below the level of 72.70. The conservative area for selling is located area of 76.00. The cancellation of the USD/RUB pair fall option will be the breakdown of the level of 77.50. In this case, we should expect continued growth.