Currency pair Dollar Ruble USD RUB finished trading week at the level of 57.68 rubles per US dollar. It is likely that the pair is forming an inverted forex model of the Head and shoulders, which indicates the potential growth of the pair in the area above the level of 62 rubles per US dollar.
USD/RUB Forecast on March 20, 2017 — March 24, 2017
In favor of the potential start of the pair’s growth, the Dollar Ruble is a breakdown of the downward trend line on the indicator of relative strength. By canceling the option, the growth of the pair will be a fall and breakdown of the local minimum area, indicating that the pair USD/RUB will continue to decline.
Expect to accelerate the growth of the pair is with the breakdown of the neck line and the closing of quotations of the pair above the area of 59.50 rubles per US dollar.
USD/RUB Forecast on March 20, 2017 — March 24, 2017 suggests an attempt to grow as part of the beginning of the development of the reversal Forex Head and shoulders with a potential growth target above the area of 62 rubles per US dollar.
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