Currency pair USD/RUB is trading at 55.64. Quotations of the pair are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for the Dollar/Ruble. At the moment, the quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. A test of level 56.30 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 54.60.
USD/RUB forecast Dollar Ruble on January 31, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at 56.60. The abolition of the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper boundary of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 57.10, indicating a change in the bullish trend for the 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.