KHR/EUR Currency Pair Forecast

KHR/EUR currency pair upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 16, 2024)

KHREUR Signals & Forecast

There are few to no technical positive signals at the moment. The KHR/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 0.0002€ and 0.0002€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, April 14, 2024, and so far it has fallen -3.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this currency pair may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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

KHR/EUR finds support from accumulated volume at 0.0002€ 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 0.00000524€ between high and low, or 2.32%. For the last week the currency pair has had daily average volatility of 2.46%

KHR/EUR is oversold on RSI14 (22). Some currency pairs may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 0.0002€ (-4.93%) (This currency pair has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (KHREUR) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect KHR/EUR to open at 0.0002€, and during the day (based on 14 day Average True Range), to move between 0.0002€ and 0.0002€, which gives a possible trading interval of +/-0.00000515€ (+/-2.28%) up or down from last closing price. If KHR/EUR takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.0002€ (0.08%) than the resistance at 0.0002€ (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KHR/EUR currency pair A Buy?

KHR/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. We have upgraded our analysis conclusion for this currency pair since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.559 Hold/Accumulate Upgraded

Predicted Opening Price for KHR/EUR of Friday, May 17, 2024

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