FJD/EUR Currency Pair Forecast
Green day on Friday for FJD/EUR currency pair after gaining 0.99%
(Updated on Jun 21, 2024)
The FJD/EUR currency pair price gained 0.99% on the last trading day (Friday, 21st Jun 2024), rising from 0.413€ to 0.417€. During the last trading day the currency pair fluctuated 1.48% from a day low at 0.414€ to a day high of 0.420€. The price has risen in 6 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 more shares were traded than the day before. In total, 636 shares were bought and sold for approximately 265.16€ .
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 FJD/EUR currency pair with a 90% probability to be traded between 0.409€ and 0.424€ 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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FJDEUR Signals & Forecast
The FJD/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 0.415€ and 0.411€. 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). FJD/EUR 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. A sell signal was issued from a pivot top point on Sunday, June 16, 2024, and so far it has fallen -0.108%. Further fall is indicated until a new bottom pivot has been found. The currency pair had a Golden Star Signal on Monday, June 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 12, 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 Monday, June 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 12, 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 Monday, June 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 12, 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 with a target of 0.416€. Despite whether the objective of the signal formation has been reached the currency pair may continue to perform well.
Support, Risk & Stop-loss for FJD/EUR currency pair
FJD/EUR finds support from accumulated volume at 0.413€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the currency pair moved 0.0061€ between high and low, or 1.48%. For the last week the currency pair has had daily average volatility of 2.04%.
Our recommended stop-loss: 0.402€ (-3.63%) (This currency pair has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (FJDEUR) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect FJD/EUR to open at 0.417€, and during the day (based on 14 day Average True Range), to move between 0.409€ and 0.425€, which gives a possible trading interval of +/-0.0079€ (+/-1.89%) up or down from last closing price. If FJD/EUR takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.417€ (0.11%) than the support at 0.413€ (0.98%), 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 FJD/EUR currency pair A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FJD/EUR currency pair to perform well in the short-term period.
Current score: 3.453 Buy Candidate Unchanged
Predicted Opening Price for FJD/EUR of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 0.417€ ( 0.0160%) | 0.417€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FJDEUR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.423 | 1.45% |
| R2 | 0.421 | 0.89% |
| R1 | 0.419 | 0.545% |
| Price | 0.417 | |
| S1 | 0.415 | -0.577% |
| S2 | 0.413 | -0.92% |
| S3 | 0.411 | -1.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.419 | 0.420% |
| R1 | 0.417 | 0.108% |
| Price | 0.417 | |
| S1 | 0.413 | -0.98% |
| S2 | 0.412 | -1.14% |
| S3 | 0.412 | -1.17% |
FAQ
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