Currency pair USD/RUB is trading at 56.16. 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, quotes of the pair move near the middle border of the bands of the Bollinger Bands indicator. A test of level 56.80 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 53.50.
USD/RUB weekly forecast on February 19 — 23, 2018
The conservative sales area is near the upper boundary of the Bollinger Bands indicator bands at 58.10. 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 58.70, 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.
