Currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.30. The pair broke through the Cloud of Ichimoku Kinko Hyo and began to trade below its lower limit, which indicates the presence of a downward trend in the pair US Dollar to Russian Ruble. Ichimoku Kinko Hyo Cloud is expected to test near the level of 56.50, from where one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 55.50.
USD/RUB forecast Russian Ruble on May 16, 2017
Earlier, a weak signal was generated for the sale of the US Dollar to Russian Ruble, due to the crossing of the signal lines at the level of 57.70. Cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 58.00, which will indicate a change in the downward trend in favor of the bullish trend. Expect the acceleration of USD/RUB quotations falling with the breakdown of the local minimum area at the level of 55.70.