Currency pair USD/RUB is trading at 57.75. 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 test the upper boundary of the bars of the indicator Bollinger Bands. A test of the level of 57.10 is expected, where again one should expect an attempt to continue growth and further development of the upward trend in the Dollar/Ruble pair near the level of 59.60.
USD/RUB weekly forecast on February 12 — 16, 2018
The conservative area for Dollar/Ruble pair buying is located near the middle border of the Bollinger Bands indicator strip at 56.40. The cancellation of the option of continuing the growth of the pair USD/RUB will be a breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as a moving average with a level of 55 and the closing of the pair quotes below the area of 55.70, indicating a change in the bearish trend for the 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.
