Currency pair USD/RUB completes the trading week at the level of 59.41. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair US Dollar/Russian Ruble. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 59.30, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 61.90.
USD/RUB weekly forecast on August 21 — 25, 2017
Earlier, a weak signal was generated for the sales of the Dollar/Ruble, due to the crossing of the signal lines at the level of 59.80. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 58.20, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/RUB stands with the breakdown of the local maximum area at the level of 61.50.
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