Currency pair USD/RUB US Dollar to Russian Ruble is trading at 64.41 rubles per dollar and continues to move as part of the correction. The pair is trading below the lower limit 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 Russian Ruble Forecast USD/RUB March 20, 2019. Ichimoku Kinko Hyo is expected to test the area of the signal lines near the 64.90 level. Where can we expect a rebound and the continuation of the fall of the USD/RUB pair with a target at the level of 63.15.
Russian Ruble Forecast USD/RUB March 20, 2019
An additional signal in favor of the dollar falling against the Russian Ruble will be a rebound from the resistance area. The second signal will be a rebound from the upper boundary of the descending channel. Earlier, a medium strength signal was received for the SELL of a pair of US Dollar/Russian Ruble. The signal was formed due to the intersection of the signal lines at the level of 65.85.
Canceling the option of falling quotations of the USD/RUB pair will be the breakdown of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 66.35. Such an option would indicate a downward trend in favor of an uptrend and continued growth with a potential target of 67.45. The USD/RUB pair is expected to accelerate falling with the breakdown of the support area and closing below the level of 63.90.
Russian Ruble Forecast USD/RUB March 20, 2019 implies an attempt to test the resistance area near the level of 64.90. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 63.15. The cancellation of the option to reduce the pair will be the breakdown of the area of 66.35. This will indicate a continuation of the rise of the US Dollar to the Russian Ruble with a potential target above the level of 67.35.