ARS/SGD Currency Pair Forecast

ARS/SGD currency pair price down 0.0471% on Friday
(Updated on May 31, 2024)

ARSSGD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ARS/SGD currency pair holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at S$0.0015 and S$0.0015. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -7.87%. Further fall is indicated until a new bottom pivot has been found. ARS/SGD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ARS/SGD currency pair

There is no support from accumulated volume below today's level and given the right condition the currency pair may perform very badly in the next couple of days.

In general the currency pair tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the currency pair moved S$0.00000549 between high and low, or 0.364%. For the last week the currency pair has had daily average volatility of 0.184%.

ARS/SGD is oversold on RSI14 (19). Some currency pairs may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARSSGD) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect ARS/SGD to open at S$0.0015, and during the day (based on 14 day Average True Range), to move between S$0.0015 and S$0.0015, which gives a possible trading interval of +/-S$0.00000557 (+/-0.37%) up or down from last closing price. If ARS/SGD takes out the full calculated possible swing range there will be an estimated 0.74% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ S$0.0016, some S$0.00005401 (3.58%) from the current price of S$0.0015, our system finds the risk reward not very attractive.

Is ARS/SGD currency pair A Buy?

ARS/SGD holds several negative signals and is within a narrow and falling trend, so we believe 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: -3.135 Sell Candidate Unchanged

Predicted Opening Price for ARS/SGD of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.