BBD/EUR Currency Pair Forecast
Red day on Friday for BBD/EUR currency pair after losing 0.0542%
(Updated on Jun 28, 2024)
The BBD/EUR currency pair price fell by -0.0542% on the last day (Friday, 28th Jun 2024) from 0.452€ to 0.452€. During the last trading day the currency pair fluctuated 0% from a day low at 0.452€ to a day high of 0.452€. The price has fallen in 6 of the last 10 days and is down by -0.11% for this period.
The currency pair is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BBD/EUR currency pair with a 90% probability to be traded between 0.436€ and 0.463€ 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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BBDEUR Signals & Forecast
The BBD/EUR currency pair holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the currency pair giving a positive forecast for the stock. On further gains, the currency pair will meet resistance from the short-term Moving Average at approximately 0.454€. On a fall, the currency pair will find some support from the long-term average at approximately 0.449€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, June 26, 2024, and so far it has fallen -3.52%. 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 very low volume increases the risk and reduces the other technical signals issued. The currency pair had a Golden Star Signal on Thursday, April 11, 2024 in the long-term chart.
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.
Golden Star 12 Months
The currency pair had a Golden Star Signal on Thursday, April 11, 2024 in the long-term chart.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.
A sell signal from a double top formation was found on Sunday, April 21, 2024 and based on theory for this formation the price should fall by -0.640% to 0.449€ within 6 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for BBD/EUR currency pair
BBD/EUR finds support from accumulated volume at 0.451€ 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€ between high and low, or 0%. For the last week the currency pair has had daily average volatility of 0.702%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBDEUR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BBD/EUR to open at 0.452€, and during the day (based on 14 day Average True Range), to move between 0.449€ and 0.455€, which gives a possible trading interval of +/-0.0032€ (+/-0.71%) up or down from last closing price. If BBD/EUR takes out the full calculated possible swing range there will be an estimated 1.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.452€ (0.11%) than the support at 0.451€ (0.17%), 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 BBD/EUR currency pair A Buy?
BBD/EUR 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: -1.566 Sell Candidate Unchanged
Predicted Opening Price for BBD/EUR of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 0.452€ ( 0%) | 0.452€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBDEUR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.452 | - |
| R2 | 0.452 | - |
| R1 | 0.452 | - |
| Price | 0.452 | |
| S1 | 0.452 | - |
| S2 | 0.452 | - |
| S3 | 0.452 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.455 | 0.770% |
| R2 | 0.454 | 0.372% |
| R1 | 0.452 | 0.109% |
| Price | 0.452 | |
| S1 | 0.451 | -0.167% |
| S2 | 0.451 | -0.185% |
| S3 | 0.449 | -0.651% |
FAQ
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