Currency pair USD/RUB is trading at 62.87. 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, the quotes of the pair move near the upper border of the Bollinger Bands indicator bars. A level test 61.70 is expected, where again one should expect an attempt to continue growth and further development of the upward trend for the Dollar/Ruble pair near the level of 65.80.
USD/RUB weekly forecast on May 7 — 11, 2018
The conservative area for Dollar/Ruble pair buying is near the middle border of the Bollinger Bands indicator strip at 61.60. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the middle range 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 59.10, 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.
