MDL/EUR Currency Pair Forecast
Green day on Tuesday for MDL/EUR
(Updated on Jun 25, 2024)
The MDL/EUR currency pair price gained 0.153% on the last trading day (Tuesday, 25th Jun 2024), rising from 0.0522€ to 0.0523€. During the last trading day the currency pair fluctuated 1.08% from a day low at 0.0519€ to a day high of 0.0524€. The price has been going up and down for this period, and there has been a -0.66% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 193 more shares were traded than the day before. In total, 195 shares were bought and sold for approximately 10.20€ .
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 MDL/EUR currency pair with a 90% probability to be traded between 0.0514€ and 0.0528€ 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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MDLEUR Signals & Forecast
The MDL/EUR currency pair holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the currency pair giving a positive forecast for the stock. On further gains, the currency pair will meet resistance from the short-term Moving Average at approximately 0.0524€. On a fall, the currency pair will find some support from the long-term average at approximately 0.0523€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. MDL/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 Tuesday, June 11, 2024, and so far it has fallen -0.665%. 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). The currency pair had a Golden Star Signal on Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 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 Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 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 Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 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 Tuesday, April 23, 2024 and based on theory for this formation the price should go up by 3.21% to 0.0540€ within 15 trading days since signal was issued (Tuesday, May 14, 2024).
Support, Risk & Stop-loss for MDL/EUR currency pair
MDL/EUR finds support from accumulated volume at 0.0523€ 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 0.0006€ between high and low, or 1.08%. For the last week the currency pair has had daily average volatility of 0.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MDLEUR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect MDL/EUR to open at 0.0522€, and during the day (based on 14 day Average True Range), to move between 0.0518€ and 0.0528€, which gives a possible trading interval of +/-0.0005€ (+/-0.89%) up or down from last closing price. If MDL/EUR takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0523€ (0.04%) than the resistance at 0.0523€ (0.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MDL/EUR currency pair A Buy?
MDL/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: -1.477 Sell Candidate Unchanged
Predicted Opening Price for MDL/EUR of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 0.0522€ ( 0.204%) | 0.0523€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDLEUR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0527 | 0.87% |
| R2 | 0.0525 | 0.458% |
| R1 | 0.0524 | 0.205% |
| Price | 0.0523 | |
| S1 | 0.0520 | -0.613% |
| S2 | 0.0518 | -0.87% |
| S3 | 0.0516 | -1.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0525 | 0.382% |
| R2 | 0.0525 | 0.325% |
| R1 | 0.0523 | 0.0574% |
| Price | 0.0523 | |
| S1 | 0.0523 | -0.0382% |
| S2 | 0.0522 | -0.191% |
| S3 | 0.0521 | -0.382% |
FAQ
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