Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 56.19 Russian Ruble/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 56.60, from which it is expected to rebound and attempt a further fall with a target near the level of 54.80.
USD/RUB forecast Russian Ruble on January 29 — February 2, 2018
An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel. 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 58.50, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the USD/RUB price decline is worth a breakdown of the level of 54.60.
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