The currency pair US Dollar to Russian Ruble USD/RUB completes the trading month at 56.97. The pair is trading below the lower boundary of the Ichimoku Cloud, which indicates the presence of a downward trend in the pair US dollar Russian ruble. It is expected to test the area of signal lines near the level of 60.80, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 53.00.
Ichimoku Kinko Hyo Forecast USD/RUB for May 2017
Earlier, a weak signal was generated for the sale of the US dollar pair of the Russian Ruble, due to the intersection of the signal lines at the level of 72.99. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 65.50, indicating a change in the downward trend in favor of the ascending trend. Expect the acceleration of USD/RUB quotations falling with the breakdown of the local minimum area at 55.00.
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