KHR/EUR Currency Pair Forecast
KHR/EUR currency pair price ended at 0.0002€ on Friday, after losing 0.295%.
(Updated on May 31, 2024)
The KHR/EUR currency pair price fell by -0.295% on the last day (Friday, 31st May 2024) from 0.0002€ to 0.0002€. During the last trading day the currency pair fluctuated 0.735% from a day low at 0.0002€ to a day high of 0.0002€. The price has been going up and down for this period, and there has been a -0.42% loss for the last 2 weeks. Volume fell on the last day along with the currency pair, which is actually a good sign as volume should follow the currency pair. On the last day, the trading volume fell by -2 shares and in total, 0 shares were bought and sold for approximately 0€ .
The currency pair is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 0.0002€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect KHR/EUR currency pair with a 90% probability to be traded between 0.0002€ and 0.0002€ 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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KHREUR Signals & Forecast
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. 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 -3.39%. Further fall is indicated until a new bottom pivot has been found. 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
There is no support from accumulated volume below today's level and given the right condition the currency pair may perform very badly in the next couple of days.
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 0.00000165€ between high and low, or 0.735%. For the last week the currency pair has had daily average volatility of 2.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KHREUR) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd 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 +/-0.00000462€ (+/-2.05%) up or down from last closing price. If KHR/EUR takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 0.0002€, some 0.00000241€ (1.07%) from the current price of 0.0002€, our system finds the risk reward not very attractive.
Is KHR/EUR currency pair A Buy?
KHR/EUR holds several negative signals and is within a narrow and falling trend, so we believe 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: -2.047 Sell Candidate Unchanged
Predicted Opening Price for KHR/EUR of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 0.0002€ ( 0.0422%) | 0.0002€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KHREUR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0002 | 0.775 % | |
| R2 | 0.0002 | 0.495 % | ||
| R1 | 0.0002 | 0.322 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0002 | -0.238 % | |
| S2 | 0.0002 | -0.411 % | ||
| S3 | 0.0002 | -0.691 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0002 | 2.35 % | |
| R2 | 0.0002 | 1.32 % | ||
| R1 | 0.0002 | 1.07 % | ||
| Current price | 0.0002 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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