Currency pair USD/RUBis trading at 75.92. 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 middle border of the Bollinger Bands indicator bands.
USD/RUB weekly forecast on February 7 — 11, 2022
As part of the forecast for the Dollar/Ruble pair, a test of the level of 73.90 is expected. Where can we expect an attempt to continue the growth of the USD/RUB pair and further development of the upward trend. The target of this movement is the area near the level of 79.70. The conservative area for buying the USD/RUB pair is located near the lower border of the Bollinger Bands indicator bands at the level of 74.10.
Cancellation of the option to continue the growth of the USD/RUB pair will be a breakdown of the area of the lower border of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and closing quotes of the pair below the area of 72.80. This will indicate a change in the current trend in favor of a bearish for USD/RUB. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration of growth.
USD/RUB weekly forecast on February 7 — 11, 2022 implies a test level of 73.90. Further growth is expected to continue to the area above the level of 79.70. The conservative area for buying is located area of 74.10. Cancellation of the growth option for the USD/RUB pair will be a breakdown of the level of 72.80. In this case, we should expect the continuation of the fall.
