USD/RUB forecast Russian Ruble on October 23 — 27, 2017


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Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.52 Rubles 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 Cloud’s low limit test is expected near the level of 57.85, from which one should expect an attempt to fall and further develop the bearish trend with the target of lowering near the level of 55.60.

USD/RUB forecast Russian Ruble on October 23 — 27, 2017

USD/RUB forecast Russian Ruble on October 23 — 27, 2017

Earlier, a strong signal was generated for the sell of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 57.65. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​59.05, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the USD/RUB price drop is worth a breakdown of the level of 56.50.

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