The currency pair US Dollar to Russian Ruble USD/RUB completes the trading week at 56.96. 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 upper limit of the Ichimoku Cloud near the level of 57.50, from which one should expect an attempt to fall and develop a bearish tendency for a pair to fall near the level of 55.50.
Ichimoku Kinko Hyo USD/RUB Forecast May 1 — 5, 2017
Previously, a strong signal was generated for the sale of the US dollar pair of the Russian Ruble, due to the intersection of the signal lines at 58.05. The cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 58.70, 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 56.10.
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