USD/RUB weekly forecast on May 11 — 15, 2020

Currency pair USD/RUBis trading at 73.16. 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 lower border of the Bollinger Bands indicator stripes.

USD/RUB weekly forecast on May 11 — 15, 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 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 79.50. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator strip at 72.20.

USD/RUB weekly forecast on May 11 — 15, 2020

Cancellation of the option to continue the growth of the Dollar/Ruble pair will be a breakdown 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 ​​68.50. 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 bands, growth should be expected.

USD/RUB weekly forecast on May 11 — 15, 2020 implies a test level of 72.30. Further, growth is expected to continue to the area above the level of 79.50. The conservative buying area is located is near the area of ​​72.20. The cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 68.50. In this case, we should expect continued fall.


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