Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week at the level of 57.95. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, which indicates a bearish trend in the pair US Dollar/Russian Ruble. The pair USD/RUB is expected to rise to the level of 58.40, from which one should expect an attempt to fall and further develop the bearish trend with the target of reducing near the level of 56.20.
USD/RUB weekly forecast on September 4 — 8, 2017
Earlier, a weak signal was generated for the sale of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 59.80. An additional signal in favor of the downward trend is the resistance area test. 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 60.10, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/RUB quotes with a breakdown of the local minimum area at 56.50.
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