USD forecast Dollar for the week from April 19 to April 23, 2021
On the last day of trading, the indicator of the USD / RUB exchange rate moves within the corrective fall, at this stage the quotes are at the level of 75.60. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bears have the advantage now.
In the next week from April 19 to April 23, 2021, the bearish trend will have an advantage in the USD / RUB rate, this will be confirmed by testing near the level of 80.05, after which it will remain in a downtrend. Forecasting price marks for the rate, which will be directed to the level of 71.45, will follow from this level.
A test of such a downward trend will be testing of the support area, which will be complemented by a change in the direction of prices from the upper line of the descending channel. Upon crossing the resistance area, as well as when the price changes above 76.05, one should notice a subsequent decline in the downward direction, which will follow to 66.05.
However, one should not exclude the likelihood of an upward trend moving in the quotes of the price level of the dollar against the ruble, the consequence of which will be the advantage of the “bulls”. Also, in the future, a change in the price level will be expected when it rises to the level of 80.05. In the future, we should expect the fixing of the upward direction, after which the growth of quotations will follow near the level of 85.45.
It should be noted that next week, from April 19 to April 23, 2021, the USD / RUB quotes will be checked at 76.05, as a result of which the bears will have the advantage. Further, the price level will develop in a downward direction and follow to the level of 66.05, which will be confirmed by the test of the support area. However, one should not forget the likelihood of an upward trend on Monday, as a result, the USD / RUB exchange rate will break through the 80.05 mark. This time the bulls will have the advantage and the price level will head towards 85.45.
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