Currency pair USD/RUB is trading at 56.29. 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 test of the level of 56.95 is expected, from which it is expected to try to continue the fall and further develop a downward trend with a target near the level of 55.30.
USD/RUB weekly forecast on January 15 — 19, 2018
The conservative sales area is located near the middle border of the Bollinger Bands indicator strip at 56.70. The abolition of the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the middle range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 58.60, 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.
