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CLP/CHF Currency Pair Forecast

0.0009 Fr
-0.0000204 (-2.10%)
At Close: Jun 14, 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.
AI Analysis of CLPCHF
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Red day on Friday for CLP/CHF currency pair after losing 2.10%
(Updated on Jun 14, 2024)

Sell candidate since Jun 07, 2024 Loss -2.52% PDF

The CLP/CHF currency pair price fell by -2.10% on the last day (Friday, 14th Jun 2024) from 0.0010 Fr to 0.0009 Fr. During the last trading day the currency pair fluctuated 2.33% from a day low at 0.0009 Fr to a day high of 0.0010 Fr. The price has fallen in 5 of the last 10 days and is down by -3.27% for this period. Volume has increased on the last day by 172 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, 921 thousand shares were bought and sold for approximately 874.42 Fr .

Given the current short-term trend, the currency pair is expected to rise 8.47% during the next 3 months and, with a 90% probability hold a price between 0.0010 Fr and 0.0011 Fr at the end of this 3-month period.

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CLPCHF Signals & Forecast

There are few to no technical positive signals at the moment. The CLP/CHF 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 0.0010 Fr and 0.0010 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -7.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). CLP/CHF 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 CLP/CHF currency pair

CLP/CHF finds support from accumulated volume at 0.0009 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This currency pair is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the currency pair moved 0.0000221 Fr (2.33%) between high and low. For the last week, the currency pair has had daily average volatility of 1.21%.

CLP/CHF is oversold on RSI14 (20). 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 (CLPCHF) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect CLP/CHF to open at 0.0010 Fr, and during the day (based on 14 day Average True Range), to move between 0.0009 Fr and 0.0010 Fr, which gives a possible trading interval of +/-0.00001092 Fr (+/-1.15%) up or down from last closing price. If CLP/CHF takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.0009 Fr (0.45%) than the resistance at 0.0010 Fr (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CLP/CHF currency pair A Buy?

The CLP/CHF currency pair holds several negative signals and despite the positive trend, we believe CLP/CHF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this currency pair.

Current score: -2.341 Sell Candidate Unchanged

Predicted Opening Price for CLP/CHF of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
0.0010 Fr ( 0.698%) 0.0009 Fr

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

Trading levels for CLPCHF

Fibonacci Support & Resistance Levels

Level Price
R3 0.0010 3.02%
R2 0.0010 2.14%
R1 0.0010 1.59%
Price 0.0009
S1 0.0009 -0.190%
S2 0.0009 -0.739%
S3 0.0009 -1.63%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0010 2.45%
R2 0.0010 2.15%
R1 0.0010 2.06%
Price 0.0009
S1 0.0009 -0.454%
S2 0.0009 -1.34%
S3 0.0009 -3.85%

FAQ

What is the symbol for CLP/CHF Currency pair and on which exchange is it traded?
The symbol for CLP/CHF is CLPCHF and it is traded on the CCY (Forex).

Should I buy or sell CLP/CHF Currency pair?
The CLP/CHF currency pair holds several negative signals and despite the positive trend, we believe CLP/CHF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this currency pair.

How to buy CLP/CHF Currency pair?
CLP/CHF 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 CLP/CHF Currency pair.

What's the current price of CLP/CHF Currency pair?
As of the end of day on the Jun 14, 2024, the price of an CLP/CHF (CLPCHF) share was 0.0009 Fr.

What is the 52-week high and low for CLP/CHF Currency pair?
The 52-week high for CLP/CHF Currency pair is 0.0101 Fr and the 52-week low is 0.00009644 Fr.
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