Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 56.96 Ruble per US Dollar. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Russian Ruble. Ichimoku Kinko signal area test is expected near the level of 57.40, from which it is expected to rebound and attempt a further fall with a target near level 55.60.
USD/RUB forecast Russian Ruble on January 8 — 12, 2018
An additional signal in favor of the fall of the pair will be the test of the lower bound of the «Triangle» model. Earlier, a weak signal was generated for the sell of the US Dollar/Russian Ruble, due to the crossing of signal lines at the level of 58.90. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 58.90, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the USD/RUB quotes falling with a level breakdown of 56.70.