USD/RUB weekly forecast on March 23 — 27, 2020

Currency pair USD/RUBis trading at 79.96. 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 Dollar/Ruble. 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 March 23 — 27, 2020

As part of the forecast, the pair Dollar/Ruble is expected to test the level of 76.80. Where can we expect an attempt to continue the growth of the USD/RUB pair and further development of the upward trend. The purpose of this movement is the area near the level of 87.80. The conservative area for buying USD/RUB is located near the lower border of the Bollinger Bands indicator strip at 60.20.

USD/RUB weekly forecast on March 23 — 27, 2020

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 bands. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​59.60. This will indicate a change in the current trend in favor of bearish for USD/RUB. In case of breakdown of the upper border of the Bollinger Bands indicator strip, growth should be expected.

USD/RUB weekly forecast on March 23 — 27, 2020 implies a test level of 76.80. Further, growth is expected to continue to the area above the level of 87.80. The conservative buying area is located is near the area of ​​60.20. The cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 59.60. In this case, we should expect continued fall.


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