Currency pair USD/RUB is trading at 56.15. 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 indicator Bollinger Bands. A test of level 57.00 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with a target near the level of 54.60.
USD/RUB weekly forecast on February 5 — 9, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 57.10. Canceling the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper border of the Bollinger Bands indicator strip, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 58.20, 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.