Currency pair USD/RUB is trading at 58.12. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the Dollar/Ruble. At the moment, quotes of the pair test the upper boundary of the bars of the indicator Bollinger Bands. A test of the level of 57.60 is expected, where again we should expect an attempt to continue growth and further development of the upward trend for the Dollar/Ruble pair near the level of 59.40.
USD/RUB forecast Dollar Ruble on February 12, 2018
The conservative area for Dollar/Ruble pair buying is near the middle border of the Bollinger Bands indicator strip at 56.90. Canceling the option of continuing the growth of the pair USD/RUB will be the breakdown of the middle range of the Bollinger Bands indicator bars, as well as the moving average with the level of 55 and the closing of the pair quotes below the area of 56.20, which indicates a change in the trend in favor of the bearish for Dollar/Ruble. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
