Currency pair USD/RUB US Dollar to Russian Ruble is trading at 63.73 Rubles per US Dollar. The tool continues to move in the framework of the decline and the formation of the Forex «Triangle» model. The pair is trading below the bottom of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in the pair US Dollar/Russian Ruble. As part of the forecast of the Dollar exchange rate for today April 23, 2019. A test of the area of the Ichimoku Kinko Hyo signal lines is expected near the level of 64.15. Where can we expect a rebound and the continuation of the fall of the pair USD/RUB with the goal at the level of 62.05.
Russian Ruble Forecast USD/RUB April 24, 2019
An additional signal in favor of the fall of the dollar against the Russian ruble will be a rebound from the area of resistance. The second signal will be a rebound from the upper boundary of the «Triangle» model. Earlier, a weak signal was received for the sales of a pair of US Dollar and Russian Ruble. The signal was formed due to the intersection of the signal lines at the level of 65.25.
Canceling the option of falling quotations of the USD/RUB pair will be a breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 65.35. Such an option would indicate a downward trend in favor of an uptrend and continued growth with a potential target of 66.75. Expect to accelerate the fall of the pair USD/RUB stands with the breakdown of the lower boundary of the model «Triangle» and closing below level1.
Russian Ruble Forecast USD/RUB April 24, 2019 implies an attempt to test the resistance area near the level of 64.15. Where can we expect to continue the fall of the currency pair with a potential target near the level of 62.05. Cancellation of the option to reduce the pair will breakdown of the area of 65.35. This will indicate continued growth in the US Dollar/Russian Ruble rate with a potential target above 66.45.