Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.13 Ruble per US dollar. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Russian Ruble. Ichimoku Kinko signal area test is expected near the level of 58.30, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 55.30.
USD/RUB forecast Russian Ruble on October 16 — 20, 2017
An additional signal in favor of the fall of the Dollar will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was generated for buy of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 57.85. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 59.05, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the USD/RUB price drop is worth a breakdown of the level of 56.50.