Currency pair US Dollar to Russian Ruble USD/RUB is trading at the level of 57.08. The pair continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an bullish trend in the pair US Dollar to Russian Ruble. Ichimoku Kinko Hyo Cloud test is expected near the level of 56.60, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 58.00.
USD/RUB forecast US Dollar to Ruble on May 16, 2017
Earlier, a weak signal was generated for the sale of the pair US Dollar to Russian Ruble, due to the crossing of the signal lines at the level of 57.70. The cancellation of the growth of the quotations of the pair USD/RUB will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 56.90, which will indicate a change in the uptrend in favor of the downtrend. Expect the acceleration of USD/RUB quotes growth with the breakdown of the local maximum area at the level of 57.60.