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AUD/SGD Currency Pair Forecast

S$0.90
-0.0009 (-0.0979%)
At Close: May 17, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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AUD/SGD currency pair downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

Buy or Hold candidate since Apr 28, 2024 Gain 0.88% PDF

The AUD/SGD currency pair price fell by -0.0979% on the last day (Friday, 17th May 2024) from S$0.90 to S$0.90. During the last trading day the currency pair fluctuated 0.87% from a day low at S$0.89 to a day high of S$0.90. The price has been going up and down for this period, and there has been a 0.96% gain for the last 2 weeks. Volume has increased on the last day by 51 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately S$45.96 thousand.

The currency pairis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at S$0.90 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect AUD/SGD currency pair with a 90% probability to be traded between S$0.90 and S$0.92 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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AUDSGD Signals & Forecast

The AUD/SGD currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at S$0.90 and S$0.89. 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 Wednesday, May 15, 2024, and so far it has fallen -0.240%. Further fall is indicated until a new bottom pivot has been found. AUD/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. The currency pair had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 23, 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.

Buy
Special Signal Notification

Golden Star

The currency pair had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 23, 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.
Buy
Special Signal Notification

Golden Star 12 Months

The currency pair had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 23, 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/SGD currency pair

AUD/SGD finds support from accumulated volume at S$0.88 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 with good liquidity the risk is considered very low in this stock. During the last day, the currency pair moved S$0.0078 between high and low, or 0.87%. For the last week the currency pair has had daily average volatility of 0.190%.

Our recommended stop-loss: S$0.87 (-2.95%) (This currency pair has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (AUDSGD) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect AUD/SGD to open at S$0.90, and during the day (based on 14 day Average True Range), to move between S$0.89 and S$0.90, which gives a possible trading interval of +/-S$0.0041 (+/-0.46%) up or down from last closing price. If AUD/SGD takes out the full calculated possible swing range there will be an estimated 0.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at S$0.90 (0.10%) than the support at S$0.88 (1.77%), 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/SGD currency pair A Buy?

AUD/SGD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this currency pair since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.393 Hold/Accumulate Downgraded

Predicted Opening Price for AUD/SGD of Monday, May 20, 2024

Fair opening price May 20, 2024 Current price
S$0.90 ( 0.0594%) S$0.90

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

Trading levels for AUDSGD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.91 0.81 %
R2 0.90 0.477 %
R1 0.90 0.272 %
Current price: 0.90
Support S1 0.89 -0.391 %
S2 0.89 -0.596 %
S3 0.89 -0.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.90 0.241 %
R1 0.90 0.0980 %
Current price 0.90
Support S1 0.88 -1.77%
S2 0.87 -2.67%
S3 0.87 -2.72%

FAQ

What is the symbol for AUD/SGD Currency pair and on which exchange is it traded?
The symbol for AUD/SGD is AUDSGD and it is traded on the CCY (Forex).

Should I buy or sell AUD/SGD Currency pair?
AUD/SGD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this currency pair since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy AUD/SGD Currency pair?
AUD/SGD Currency pair can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AUD/SGD Currency pair.

What's the current price of AUD/SGD Currency pair?
As of the end of day on the May 17, 2024, the price of an AUD/SGD (AUDSGD) share was S$0.90.

What is the 52-week high and low for AUD/SGD Currency pair?
The 52-week high for AUD/SGD Currency pair is S$0.92 and the 52-week low is S$0.86.
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