USD/RUB weekly forecast & analysis December 24 — 28, 2018


Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 69.28 Rubles for the US Dollar. The pair continues to move within the bullish channel. Moving averages indicate an uptrend. In the current trading week December 31 — January 4, 2019, a decline is expected and a test of the support area near the level of 67.65. Where can we expect a rebound and continued growth of the dollar above the level of 72.45.

USD/RUB weekly forecast & analysis December 24 — 28, 2018

In favor of the growth of the pair Dollar/Ruble will make a test of the trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the option to continue the growth of the pair Dollar/Ruble will be a decline and a breakdown of 66.50. This will indicate a breakdown of the lower boundary of the bullish channel and the continuation of the depreciation of the US Dollar against the Russian Ruble. The pair is expected to accelerate growth with the breakdown of the resistance area and closing of the USD/RUB quotes above 69.85.

USD/RUB weekly forecast & analysis December 24 — 28, 2018

USD/RUB weekly forecast & analysis December 24 — 28, 2018 involves an attempt to test the support area near the level of 67.65. Where should we expect an attempt to increase the dollar in the region above the level of 72.45. 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 a decline and a breakdown of 66.50. What will indicate the continuation of the fall of the pair.


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