USD/RUB weekly forecast on October 5 — 9, 2020

Currency pair USD/RUBis trading at 78.14. 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 pair quotes are moving near the upper border of the Bollinger Bands indicator bars.

USD/RUB weekly forecast on October 5 — 9, 2020

As part of the forecast, the Dollar/Ruble pair is expected to test the level of 76.40. Where can we expect to try 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 81.30. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator bars at 73.80.

USD/RUB weekly forecast on October 5 — 9, 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 bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the 67.50 area. This will indicate a change in the current trend in favor of the bearish for USD/RUB. In case 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 October 5 — 9, 2020 implies a test level of 76.40. Further, growth is expected to continue to the area above the level of 81.30. The conservative area for buying is located area of ​​73.80. The cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 67.50. In this case, we should expect the fall to continue.


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