Currency pair USD/RUB US Dollar to Russian Ruble is trading at the level of 57.53. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair US Dollar/Russian Ruble. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 57.35, from which it is expected to rebound and continue the development of the bullish trend with a target at 58.55.
Russian Ruble forecast USD/RUB April 5, 2018
An additional signal in favor of the growth of the pair is the lower bound of the «Triangle» model. Earlier, a strong signal was received for buy of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 57.35.
The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 56.75, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the pair USD/RUB is the breakdown of the upper limit of the model «Triangle» and the closure above the level of 57.95.
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