Currency pair USD/RUB is trading at 59.19. 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 the level of 58.90 is expected, where again we should expect an attempt to continue growth and further development of the upward trend in the Dollar Ruble pair near the level of 60.40.
USD/RUB forecast Dollar Ruble on November 22, 2017
The conservative area for Dollar/RUB pair buying is near the lower border of the Bollinger Bands indicator bands at 58.75. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border area of the Bollinger Bands indicator bars, as well as a moving average with a level of 55 and the closing of quotes of the pair below the area of 58.40, 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.