Currency pair USD/RUB is trading at 66.56. 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 weekly forecast on December 3 — 7, 2018
As part of the pair dollar forecast, the ruble is expected to test the level of 65.50. Where can we expect the 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 69.20 level. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator strip at 64.90.
Canceling the option of continuing the growth of the Dollar/Ruble pair will be a breakdown of the area of the lower boundary of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closure of matches of the pair below the area of 64.00. This will indicate a change in the current trend in favor of the bearish 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 weekly forecast on December 3 — 7, 2018 implies a test level of 65.50. Further growth is expected to continue to the area above 69.20. The conservative buying area is located is near the area of 64.90. The cancellation of the growth of the pair USD/RUB will be the breakdown level of 64.00. In this case, we should expect the continuation of the fall.