The currency pair US Dollar to Russian Ruble USD/RUB closed the trading week at 58.08 rubles to the US dollar. At the moment, the pair continues to work on the Forex model Wedge. There is a potential for continuing growth in the area above the level of 59 rubles per US dollar, from where it is expected to develop a correction for the pair in the area below the level of 57 rubles per dollar as part of the formation of an inverted forex model of the Head and shoulders.
USD/RUB Forecast US Dollar to Ruble on May 8 — 12, 2017
In favor of continuing the growth of quotes of the Dollar Ruble pair will perform a test of a broken trend line on the indicator of relative strength. The cancellation of the growth option of the pair will be the fall and breakdown of the local minimum area, which will indicate that the USD/RUB quotes continue to decline.
USD/RUB Forecast US Dollar to Ruble on May 8 — 12, 2017 assumes a test of the level of 59 rubles per US dollar and the beginning of the formation of the inverted Forex Head and Shoulders model with the test of the region of 57 rubles per US dollar, where it is expected to start the pair’s growth to the area above Level 63 rubles per US dollar.
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