Currency pair USD/RUB is trading at 65.20. 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 quotes of the pair are moving near the upper border of the Bollinger Bands indicator stripes.
USD/RUB weekly forecast on August 12 — 16, 2019
As part of the forecast, the pair Dollar/Ruble is expected to test the level of 64.70. Where can we expect an 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 67.40. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator strip at 61.70.
Cancellation of the option to continue the growth of the Dollar/Ruble pair will be a breakdown of the area of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of 61.30. This will indicate a change in the current trend in favor of the bearish for USD/RUB. In case of breakdown of the upper border of the Bollinger Bands indicator bands, growth should be expected.
USD/RUB weekly forecast on August 12 — 16, 2019 suggests a test level of 64.70. Further growth is expected to continue to the area above the level of 67.40. The conservative buying area is located is near the area of 61.70. The cancellation of the growth of the pair USD/RUB will be the breakdown level of 61.30. In this case, we should expect the continuation of the fall.