The Currency pair US dollar Russian Ruble USD/RUB completed the trading week at the level of 57.08. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the pair US dollar Russian ruble. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 58.00, from which one should expect an attempt to fall and develop a bearish trend for this pair with the aim of a level drop of 56.00.
Ichimoku forecast USD/RUB on March 27 — 31, 2017
Previously, a strong signal was received for the sale of the US dollar pair of the Russian Ruble, due to the intersection of signal lines at 58.45. The 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 59.45, which will indicate 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 the level of 56.80.
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