DJF/EUR Currency Pair Forecast
DJF/EUR currency pair price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of DJF/EUR currency pair on the last trading day (Monday, 17th Jun 2024). During the last trading day the currency pair fluctuated 0% from a day low at 0.0052€ to a day high of 0.0052€. The price has risen in 6 of the last 10 days and is up by 1.91% over the past 2 weeks.
The currency pair is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DJF/EUR currency pair with a 90% probability to be traded between 0.0051€ and 0.0053€ 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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DJFEUR Signals & Forecast
The DJF/EUR 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 0.0052€ and 0.0052€. 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 Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The currency pair had a Golden Star Signal on Friday, June 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 07, 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.
Golden Star
The currency pair had a Golden Star Signal on Friday, June 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 07, 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.
Golden Star 12 Months
The currency pair had a Golden Star Signal on Friday, June 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 07, 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.
A buy signal from a double bottom formation was found on Monday, June 03, 2024 and based on theory for this formation the price should go up by 0.280% to 0.0053€ within 42 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for DJF/EUR currency pair
DJF/EUR finds support from accumulated volume at 0.0052€ 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 2.51%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DJFEUR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect DJF/EUR to open at 0.0052€, and during the day (based on 14 day Average True Range), to move between 0.0051€ and 0.0054€, which gives a possible trading interval of +/-0.0001€ (+/-2.41%) up or down from last closing price. If DJF/EUR takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0052€ (0.27%) than the resistance at 0.0053€ (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DJF/EUR currency pair A Buy?
DJF/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: -1.358 Sell Candidate Unchanged
Predicted Opening Price for DJF/EUR of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 0.0052€ ( 0%) | 0.0052€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DJFEUR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0052 | - |
| R2 | 0.0052 | - |
| R1 | 0.0052 | - |
| Price | 0.0052 | |
| S1 | 0.0052 | - |
| S2 | 0.0052 | - |
| S3 | 0.0052 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0053 | 0.761% |
| R2 | 0.0053 | 0.739% |
| R1 | 0.0053 | 0.395% |
| Price | 0.0052 | |
| S1 | 0.0052 | -0.267% |
| S2 | 0.0052 | -0.464% |
| S3 | 0.0052 | -0.636% |
FAQ
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