Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 66.42 Rubles for the US Dollar. The pair continues to move within the framework of the correction and the formation of the «Triangle» model. Moving averages indicate an uptrend. In the current trading week of January 21 — 25, 2019, a decline is expected and a test of the support area near the level of 66.00. Where can we expect a rebound and continued growth of the dollar above 69.25.
USD/RUB Forecast and Analysis January 21 — 25, 2019
In favor of the growth of the pair Dollar/Ruble will test a rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the model «Triangle». Cancellation option for the continued growth of the pair Dollar/Ruble will be a decline and a breakdown of the area 65.10. This will indicate a breakdown of the lower limit of the model and the continuation of the depreciation of the US Dollar against the Russian Ruble. Expect confirmation of growth in the pair is with the breakdown of the upper boundary of the model «Triangle» and closing of USD/RUB quotes above the level of 69.95.
USD/RUB Forecast and Analysis January 21 — 25, 2019 implies an attempt to test the support area near the level of 66.00. Where should we expect an attempt to increase the dollar in the area above 69.25. In favor of the pair will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the growth rate of the dollar in the current trading week will be the decline and breakdown of the 65.10 area. What will indicate the continuation of the fall of the pair.
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