Currency pair USD/RUB is trading at 61.32. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish 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 the level of 60.50 is expected, where again one should expect an attempt to continue growth and further develop the upward trend for the Dollar/Ruble pair near the level of 64.20.
USD/RUB weekly forecast on May 14 — 18, 2018
The conservative area for buying of the Dollar/Ruble pair is located near the lower border of the Bollinger Bands indicator strip at the level of 60.40. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border area of the Bollinger Bands indicator bars, as well as a moving average with a level of 55 and the closing of quotes of the pair below the area of 58.40, which indicates a change in the trend in favor of the bearish for Dollar/Ruble. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
