Currency pair US Dollar to Russian Ruble USD/RUB completes trading week at the level of 57.19. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a downward trend in the pair US dollar Russian ruble. Ichimoku Kinko Hyo Cloud is expected to test near the level of 57.60, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 55.30.
USD/RUB forecast US dollar on May 15 — 19, 2017
Earlier, a weak signal was generated for purchases of the US dollar pair of the Russian Ruble, due to the intersection of signal lines at the level of 56.90. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 58.40, which indicates a change in the downward trend in favor of the upward. Expect the acceleration of USD/RUB quotations falling with the breakdown of the local minimum area at the level of 55.70.
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