Currency pair US Dollar to Russian Ruble USD/RUB completes trading week at 56.72. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair US Dollar to Russian Ruble. Ichimoku Kinko Hyo Cloud is expected to test near the level 57.10, from which one should expect an attempt to fall and develop a bearish trend for a pair USD/RUB with a target to lower near level of 55.00.
USD/RUB weekly forecast on May 22 — 26, 2017
Earlier, a weak signal was generated for buy of the pair US Dollar to Russian Ruble USD/RUB, due to the crossing of signal lines at the level 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 bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/RUB quotations with the breakdown of the local minimum area at the level of 55.50.
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