Currency pair USD/RUB is trading at 66.17. 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 weekly forecast on January 21 — 25, 2019
As part of the forecast, the pair Ruble/Dollar is expected to test the level of 67.60. Where can we expect to try to continue the decline of the pair USD/RUB and the further development of the downward trend. The purpose of this movement is the area near the level of 63.40. The conservative area for sales of the USD/RUB pair is located near the upper border of the Bollinger Bands indicator at 69.80.
Cancellation of the option to continue the fall of the Dollar/Ruble pair will be a breakdown of the region of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above 70.50. 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, one should expect an acceleration of the fall.
USD/RUB weekly forecast on January 21 — 25, 2019 suggests a test level of 67.60. Further, it is expected to continue falling to the area below the level of 63.40. The conservative sale area is located is near the area of 69.80. Cancellation of the fall of the pair USD/RUB will be the breakdown level of 70.50. In this case, we can expect continued growth.