ARS/CHF Currency Pair Forecast
ARS/CHF currency pair price up 0.313% on Friday
(Updated on May 17, 2024)
The ARS/CHF currency pair price gained 0.313% on the last trading day (Friday, 17th May 2024), rising from 0.0010 Fr to 0.0010 Fr. During the last trading day the currency pair fluctuated 0.212% from a day low at 0.0010 Fr to a day high of 0.0010 Fr. The price has been going up and down for this period, and there has been a -0.47% loss for the last 2 weeks. Volume fell on the last day by -292 shares and in total, 0 shares were bought and sold for approximately 0 Fr . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The currency pair is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 0.0010 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ARS/CHF currency pair with a 90% probability to be traded between 0.0010 Fr and 0.0010 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and currency pairs seldom manage to go directly from the bottom of a trend up to the top. Currency pairs turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ARSCHF Signals & Forecast
There are mixed signals in the currency pair today. The ARS/CHF currency pair holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the currency pair giving a more negative forecast for the stock. On further gains, the currency pair will meet resistance from the long-term Moving Average at 0.0010 Fr. On a fall, the currency pair will find some support from the short-term average at 0.0010 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.707%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ARS/CHF currency pair
ARS/CHF finds support from accumulated volume at 0.0010 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the currency pair tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the currency pair During the last day, the currency pair moved 0.00000217 Fr between high and low, or 0.212%. For the last week the currency pair has had daily average volatility of 0.196%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARSCHF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ARS/CHF to open at 0.0010 Fr, and during the day (based on 14 day Average True Range), to move between 0.0010 Fr and 0.0010 Fr, which gives a possible trading interval of +/-0.00000556 Fr (+/-0.54%) up or down from last closing price. If ARS/CHF takes out the full calculated possible swing range there will be an estimated 1.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0010 Fr (0.12%) than the resistance at 0.0010 Fr (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ARS/CHF currency pair A Buy?
ARS/CHF holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this currency pair.
Current score: -1.638 Sell Candidate Unchanged
Predicted Opening Price for ARS/CHF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 0.0010 Fr ( 0.0608%) | 0.0010 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARSCHF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0010 | 0.151 % | |
| R2 | 0.0010 | 0.0700 % | ||
| R1 | 0.0010 | 0.0201 % | ||
| Current price: | 0.0010 | |||
| Support | S1 | 0.0010 | -0.142 % | |
| S2 | 0.0010 | -0.192 % | ||
| S3 | 0.0010 | -0.273 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0010 | 2.35 % | |
| R2 | 0.0010 | 1.95 % | ||
| R1 | 0.0010 | 1.50 % | ||
| Current price | 0.0010 | |||
| Support | S1 | 0.0010 | -0.117% | |
| S2 | 0.0010 | -0.312% | ||
| S3 | 0.0010 | -0.702% |
FAQ
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