Currency pair USD/RUB is trading at 65.42. Quotes of the pair are trading below the moving average with a period of 55, which indicates the presence of a bearish trend for the Dollar/Ruble. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bars. The test is expected at the level of 66.70, whence we should expect an attempt to continue the fall and further development of the downward trend with a goal near the level of 62.00.
USD/RUB weekly forecast on October 22 — 26, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 67.00. Cancellation of the option to continue the growth of the pair Dollar/Ruble will break the area of the lower border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and close the pair quotes below the area of 68.20, indicating a change in trend in favor of the bearish for Dollar/Ruble. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.
