FJD/USD Currency Pair Forecast
Stronger technical forecast for FJD/USD currency pair price after Friday trading.
(Updated on May 17, 2024)
The FJD/USD currency pair price gained 0.116% on the last trading day (Friday, 17th May 2024), rising from $0.446 to $0.446. During the last trading day the currency pair fluctuated 0.362% from a day low at $0.445 to a day high of $0.447. The price has risen in 5 of the last 10 days and is up by 3.25% 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, 4 more shares were traded than the day before. In total, 51 shares were bought and sold for approximately $22.76 .
The currency pair has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $0.443 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the currency pair is predicted to reach $0.456 sometime during the next 3 months.
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FJDUSD Signals & Forecast
Mostly positive signals in the chart today. The FJD/USD 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 $0.441 and $0.439. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 2.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). FJD/USD 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. The currency pair had a Golden Star Signal on Monday, May 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 03, 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, May 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 03, 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, May 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 03, 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 Wednesday, May 01, 2024 with a target of $0.444. 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/USD currency pair
FJD/USD finds support from accumulated volume at $0.446 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 $0.0016 between high and low, or 0.362%. For the last week the currency pair has had daily average volatility of 0.395%.
Our recommended stop-loss: $0.423 (-5.24%) (This currency pair has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (FJDUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect FJD/USD to open at $0.446, and during the day (based on 14 day Average True Range), to move between $0.442 and $0.450, which gives a possible trading interval of +/-$0.0039 (+/-0.86%) up or down from last closing price. If FJD/USD takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.446 (0.02%) than the support at $0.446 (0.16%), 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/USD currency pair A Buy?
Several short-term signals are positive and the currency pair has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for FJD/USD currency pair to perform well in the short-term period. We have upgraded our analysis conclusion for this currency pair since the last evaluation from a Sell to a Buy candidate.
Current score: 2.754 Buy Candidate Upgraded
Predicted Opening Price for FJD/USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.446 ( 0.0904%) | $0.446 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FJDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.448 | 0.270 % | |
| R2 | 0.447 | 0.132 % | ||
| R1 | 0.447 | 0.0473 % | ||
| Current price: | 0.446 | |||
| Support | S1 | 0.445 | -0.228 % | |
| S2 | 0.445 | -0.313 % | ||
| S3 | 0.444 | -0.451 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.446 | 0.0223 % | ||
| Current price | 0.446 | |||
| Support | S1 | 0.446 | -0.160% | |
| S2 | 0.443 | -0.630% | ||
| S3 | 0.437 | -2.15% |
FAQ
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