Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 64.23 Rubles for the US Dollar and continues to move as part of the formation of the «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. A test of the lower boundary of the Ichimoku Kinko Cloud near the level of 64.85 is expected. Where should we expect a rebound and an attempt to further fall of the dollar against the ruble with a goal near the level of 61.75.
USD/RUB Forecast Russian Ruble April 15 — 19, 2019
An additional signal in favor of reducing the currency pair will be a test of the resistance area. The second signal will be a rebound from the upper limit of the model «Triangle». Previously, a strong signal was received for the SELL the US Dollar/Russian Ruble. The signal was formed due to the intersection of signal lines at the level of 64.85.
Cancellation of the option of falling quotes of the pair will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above area 66.15. This will indicate a change in the downward trend in favor of the uptrend and continued growth. Expect to accelerate the fall of the USD/RUB quotes with the breakdown of the support area and closing below 63.45.
USD/RUB Forecast Russian Ruble April 15 — 19, 2019 involves an attempt to develop a correction to the level of 64.85. Where can we expect a rebound and the continuation of the fall of the pair with a potential target near the level of 61.75. In favor of reducing the test will perform the resistance level. Cancellation option for the fall of the currency pair will breakdown area 66.15. In this case, we can expect a continuation of the growth of the dollar against the ruble.