USD/RUB weekly forecast on October 29 — November 2, 2018

Currency pair USD/RUB is trading at 65.52. 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 66.60, from which one can expect an attempt to continue the fall and further develop the downward trend with a target near the level of 62.00.

USD/RUB weekly forecast on October 29 — November 2, 2018

USD/RUB weekly forecast on October 29 — November 2, 2018

The conservative sales area is located near the upper border of the Bollinger Bands indicator bars at 66.65. 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.

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