Currency pair USD/RUB is trading at 69.08. 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 weekly forecast on December 31 — January 4, 2019
As part of the forecast of the pair Euro/Dollar is expected to test level of 68.00. 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 level of 72.60. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator at 65.00.
Cancellation of the option to continue 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 64.30. This will indicate a change in the current trend in favor of the bearish on 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 31 — January 4, 2019 suggests a test level of 68.00. Further growth is expected to continue to the area above the level of 72.60. The conservative buying area is located is near the area of 65.00. The cancellation of the growth of the pair USD/RUB will be the breakdown of the level of 64.30. In this case, we should expect the continuation of the fall.