Currency pair USD/RUB is trading at 55.56. 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 56.40 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 54.50.
USD/RUB weekly forecast on January 29 — February 2, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at the level of 57.60. 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 quotes above the area of 58.40, 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.