Currency pair Russian Ruble USD/RUB is trading at 60.11. The pair broke through the Cloud of Ichimoku Kinko Hyo and began to trade above its upper limit, which indicates that there is an upward trend in the pair US Dollar/Russian Ruble. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 59.90, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 61.60.
Russian Ruble forecast USD/RUB on August 1, 2017
Earlier, a weak signal was generated for the buying of the US dollar, the Russian Ruble, due to the crossing of the signal lines at the level of 59.45. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 59.10, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/RUB stands with the breakdown of the local maximum area at the level of 61.20.
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