USD/RUB weekly forecast on July 13 — 17, 2020

Currency pair USD/RUBis trading at 70.83. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for pair Ruble/Dollar. At the moment, the quotes of the pair are moving near the middle border of the Bollinger Bands indicator stripes.

USD/RUB weekly forecast on July 13 — 17, 2020

As part of the forecast, the pair Dollar/Ruble is expected to test the level of 72.30. Where can we expect an attempt to continue the fall of the USD/RUB pair and further development of the downward trend. The purpose of this movement is the area near the level of 65.60. The conservative area for sales of the USD/RUB pair is located near the upper border of the Bollinger Bands indicator strip at 72.40.

USD/RUB weekly forecast on July 13 — 17, 2020

Cancellation of the option to continue the fall of the Dollar/Ruble pair will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of ​​76.80. This will indicate a change in the current trend in favor of the bullish for USD/RUB. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall.

USD/RUB weekly forecast on July 13 — 17, 2020 implies a test level of 72.30. Further, it is expected to continue falling to the area below the level of 65.60. The conservative sale area is located is near the area of ​​72.40. The cancellation of the fall option for the USD/RUB pair will be the breakdown of the level of 76.80. In this case, we should expect continued growth.


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