Currency pair USD/RUB is trading at 62.14. 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, the quotes of the pair move near the upper border of the Bollinger Bands indicator bars. A test of the level of 61.10 is expected, from which we again expect an attempt to continue growth and further development of the upward trend in the Dollar/Ruble pair near the level of 64.70.
USD/RUB weekly forecast on April 30 — May 4, 2018
The conservative area for Dollar/Ruble pair buying is near the middle border of the Bollinger Bands indicator strip at 60.60. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the mid-range of the Bollinger Bands indicator bars, as well as a moving average with a level of 55 and the closing of the pair quotes below the area of 57.30, 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.