Currency pair USD/RUB is trading at 56.67. 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 move near the middle border of the bands of the indicator Bollinger Bands. A test of level 56.40 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 57.70.
USD/RUB forecast Dollar Ruble on March 8, 2018
The conservative area for Dollar/Ruble pair buying is near the middle border of the Bollinger Bands indicator strip at 55.65. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border of the Bollinger Bands indicator strips, as well as a moving average with a level of 55 and the closing of quotations of the pair below the 55.30 area, 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.