Currency pair USD/RUB is trading at 58.08. 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 level test 58.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target close to the level of 56.50.
USD/RUB weekly forecast on December 25 — 29, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 59.10. Canceling 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 quotations above the area of 59.60, 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.
