The currency pair US Dollar to Russian Ruble USD/RUB is trading at the level of 57.05. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in the pair US dollar Russian ruble. It is expected to test the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 56.60, from which one should expect an attempt of growth and development of the bullish trend for the pair with the purpose of growth near the level of 58.30.
Technical analysis & prediction USD/RUB on May 12, 2017
Earlier, a weak signal was generated for purchases of the US dollar pair of the Russian Ruble, due to the intersection of the signal lines at the level of 56.21. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 56.70, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/RUB stands with the breakdown of the local maximum area at the level of 57.90.
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