Currency pair USD/RUB is trading at 56.42. 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, quotes of the pair move near the middle border of the bands of the indicator Bollinger Bands. A test of level 56.70 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target close to level of 55.40.
USD/RUB forecast Dollar Ruble on March 12, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 57.10. 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 57.60, 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.