ARS/XAU Currency Pair Forecast
ARS/XAU currency pair upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The ARS/XAU currency pair price fell by -0.0102% on the last day (Friday, 28th Jun 2024) from $0.00000047 to $0.00000047. During the last trading day the currency pair fluctuated 0.92% from a day low at $0.00000047 to a day high of $0.00000047. The price has been going up and down for this period, and there has been a -0.7% loss for the last 2 weeks. Volume fell on the last day along with the currency pair, which is actually a good sign as volume should follow the currency pair. On the last day, the trading volume fell by -118 shares and in total, 1 thousand shares were bought and sold for approximately $0.0006 .
The currency pair lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the currency pair is expected to fall -5.42% during the next 3 months and, with a 90% probability hold a price between $0.00000043 and $0.00000046 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ARSXAU Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 1.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ARS/XAU 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 $0.00000047 and $0.00000048. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this currency pair may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ARS/XAU currency pair
ARS/XAU finds support from accumulated volume at $0.00000047 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 $0.00000000 between high and low, or 0.92%. For the last week the currency pair has had daily average volatility of 1.11%
Our recommended stop-loss: $0.00000045 (-5.24%) (This currency pair has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (ARSXAU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ARS/XAU to open at $0.00000047, and during the day (based on 14 day Average True Range), to move between $0.00000047 and $0.00000048, which gives a possible trading interval of +/-$0.00000001 (+/-1.34%) up or down from last closing price. If ARS/XAU takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00000047 (0.76%) than the resistance at $0.00000048 (2.55%), 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/XAU currency pair A Buy?
ARS/XAU holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this currency pair since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.799 Hold/Accumulate Upgraded
Predicted Opening Price for ARS/XAU of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.00000047 ( 0.0517%) | $0.00000047 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARSXAU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00000048 | 0.86% |
| R2 | 0.00000047 | 0.513% |
| R1 | 0.00000047 | 0.297% |
| Price | 0.00000047 | |
| S1 | 0.00000047 | -0.401% |
| S2 | 0.00000047 | -0.617% |
| S3 | 0.00000047 | -0.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00000049 | 3.05% |
| R2 | 0.00000049 | 3.04% |
| R1 | 0.00000048 | 2.55% |
| Price | 0.00000047 | |
| S1 | 0.00000047 | -0.758% |
| S2 | 0.00000046 | -1.50% |
| S3 | 0.00000046 | -1.65% |
FAQ
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