USD/RUB weekly forecast on October 8 — 12, 2018

Currency pair USD/RUB is trading at 66.42. Quotes of the pair are trading above the moving average with a period of 55, which indicates the presence of a bullish trend for the Dollar/Ruble. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 65.10 is expected, from which one can again expect an attempt to continue the growth and further development of the upward trend in the Dollar Ruble pair near the level of 71.50.

USD/RUB weekly forecast on October 8 — 12, 2018

USD/RUB weekly forecast on October 8 — 12, 2018

The conservative area for buying of the Dollar/Ruble pair is located near the lower border of the Bollinger Bands indicator strip at 63.70. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border of the Bollinger Bands indicator strip, as well as a moving average with a level of 55 and the closing of the pair quotes below 60.00, indicating a change in the bearish trend for the Dollar/Ruble. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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