Currency pair USD/RUB is trading at 57.44. 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 test the lower bound of the bands of the Bollinger Bands indicator. A level test of 57.90 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 55.90.
USD/RUB weekly forecast on January 1 — 5, 2018
The conservative sales area is located near the middle border of the Bollinger Bands indicator bars at 58.40. The abolition of the option of continuing the fall of the Dollar/Ruble pair will be the breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes 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.
