CRC/EUR Currency Pair Forecast

CRC/EUR currency pair price ended at 0.0018€ on Friday, after gaining 0.0394%.
(Updated on May 17, 2024)

CRCEUR Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.193%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CRC/EUR 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 0.0018€ and 0.0018€. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for CRC/EUR currency pair

CRC/EUR finds support from accumulated volume at 0.0018€ 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 0.00004826€ between high and low, or 2.68%. For the last week the currency pair has had daily average volatility of 2.92%

CRC/EUR is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: 0.0017€ (-6.26%) (This currency pair has low daily movements and this gives low risk. Low RSI14 is 11 which reduces the risk some. There is a buy signal from a pivot bottom found 24 days ago.)

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

For the upcoming trading day on Monday, 20th we expect CRC/EUR to open at 0.0018€, and during the day (based on 14 day Average True Range), to move between 0.0018€ and 0.0019€, which gives a possible trading interval of +/-0.00005098€ (+/-2.83%) up or down from last closing price. If CRC/EUR takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.0018€ (0.04%) than the resistance at 0.0018€ (0.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CRC/EUR currency pair A Buy?

CRC/EUR holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.946 Hold/Accumulate Unchanged

Predicted Opening Price for CRC/EUR of Monday, May 20, 2024

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