Currency pair USD/RUB is trading at 58.60. Quotations of the pair are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for Dollar/Ruble. At the moment, quotes of the pair move near the middle border of the bands of the indicator Bollinger Bands. A level test 58.80 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 57.70.
USD/RUB forecast Dollar Ruble on December 18, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bands at 59.15. The abolition of the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 59.40, indicating a change in the bullish trend for Dollar/Ruble. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.