Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 56.67 Russian Rubble 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. The Ichimoku Kinko signal line area test is expected near the level of 57.30, from which it is expected to rebound and attempt a further fall with a target near level 55.20.
USD/RUB forecast Russian Ruble on January 22 — 26, 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 pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 58.70, indicating a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/RUB quotes falling with a level breakdown of 55.90.
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