AUD/LTL Currency Pair Forecast

AUD/LTL currency pair price ended at 1.95 Lt on Tuesday, after losing 0.213%.
(Updated on Jun 25, 2024)

AUDLTL Signals & Forecast

The AUD/LTL currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the currency pair has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 1.95 Lt and 1.95 Lt. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -0.790%. Further fall is indicated until a new bottom pivot has been found. 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 currency pair had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 04, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the currency pair in question.

Support, Risk & Stop-loss for AUD/LTL currency pair

AUD/LTL finds support from accumulated volume at 1.90 Lt 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 0.0119 Lt between high and low, or 0.614%. For the last week the currency pair has had daily average volatility of 0.660%

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

Trading Expectations (AUDLTL) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect AUD/LTL to open at 1.95 Lt, and during the day (based on 14 day Average True Range), to move between 0.750 Lt and 3.15 Lt, which gives a possible trading interval of +/-1.20 Lt (+/-61.50%) up or down from last closing price. If AUD/LTL takes out the full calculated possible swing range there will be an estimated 122.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 1.95 Lt (0.05%) than the support at 1.90 Lt (2.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AUD/LTL currency pair A Buy?

AUD/LTL 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: -2.223 Sell Candidate Unchanged

Predicted Opening Price for AUD/LTL of Wednesday, June 26, 2024

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