CLP/CHF Currency Pair Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for CLP/CHF currency pair after gaining 0.127%
(Updated on Jun 25, 2024)
The CLP/CHF currency pair price gained 0.127% on the last trading day (Tuesday, 25th Jun 2024), rising from 0.0009 Fr to 0.0009 Fr. During the last trading day the currency pair fluctuated 1.19% from a day low at 0.0009 Fr to a day high of 0.0009 Fr. The price has fallen in 6 of the last 10 days and is down by -2.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 591 thousand more shares were traded than the day before. In total, 718 thousand shares were bought and sold for approximately 679.25 Fr .
The currency pair has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 0.0009 Fr. A reaction back to this level may hold a second chance to get out before further falls.
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CLPCHF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.223%. Further rise is indicated until a new top pivot has been found. CLP/CHF has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 0.0000112 Fr (1.19%) between high and low. For the last week, the currency pair has had daily average volatility of 181.10%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect CLP/CHF to open at 0.0009 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 +/-0.00005677 Fr (+/-6.00%) up or down from last closing price. If CLP/CHF takes out the full calculated possible swing range there will be an estimated 12.00% 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 (0.09%) than the resistance at 0.0009 Fr (0.37%), 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: -1.195 Sell Candidate Unchanged
Predicted Opening Price for CLP/CHF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 0.0009 Fr ( 0.183%) | 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 | 1.00% |
| R2 | 0.0010 | 0.548% |
| R1 | 0.0009 | 0.269% |
| Price | 0.0009 | |
| S1 | 0.0009 | -0.635% |
| S2 | 0.0009 | -0.91% |
| S3 | 0.0009 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0010 | 2.83% |
| R2 | 0.0010 | 0.571% |
| R1 | 0.0009 | 0.370% |
| Price | 0.0009 | |
| S1 | 0.0009 | -0.0855% |
| S2 | 0.0009 | -0.223% |
| S3 | 0.0009 | -0.97% |
FAQ
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