MDL/USD Currency Pair Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Monday for MDL/USD currency pair after gaining 0.233%
(Updated on Jun 24, 2024)
The MDL/USD currency pair price gained 0.233% on the last trading day (Monday, 24th Jun 2024), rising from $0.0557 to $0.0559. During the last trading day the currency pair fluctuated 0.322% from a day low at $0.0559 to a day high of $0.0561. The price has fallen in 5 of the last 10 days but is still up by 0.38% 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, 1 more shares were traded than the day before. In total, 2 shares were bought and sold for approximately $0.112 .
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/USD currency pair with a 90% probability to be traded between $0.0548 and $0.0568 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MDLUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. MDL/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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MDL/USD 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 $0.0562 and $0.0564. A break-up above any of these levels will issue buy signals. 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, October 05, 2023 in the long-term chart.
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, October 05, 2023 in the long-term chart.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.
Support, Risk & Stop-loss for MDL/USD currency pair
MDL/USD finds support from accumulated volume at $0.0557 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 $0.0002 between high and low, or 0.322%. For the last week the currency pair has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MDLUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect MDL/USD to open at $0.0559, and during the day (based on 14 day Average True Range), to move between $0.0550 and $0.0568, which gives a possible trading interval of +/-$0.0009 (+/-1.60%) up or down from last closing price. If MDL/USD takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0557 (0.38%) than the resistance at $0.0565 (1.18%), 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/USD currency pair A Buy?
MDL/USD 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: -3.124 Sell Candidate Unchanged
Predicted Opening Price for MDL/USD of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$0.0559 ( 0.107%) | $0.0559 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDLUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0561 | 0.430% |
R2 | 0.0560 | 0.306% |
R1 | 0.0560 | 0.230% |
Price | 0.0559 | |
S1 | 0.0559 | -0.0157% |
S2 | 0.0558 | -0.0917% |
S3 | 0.0558 | -0.215% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0566 | 1.36% |
R2 | 0.0566 | 1.29% |
R1 | 0.0565 | 1.18% |
Price | 0.0559 | |
S1 | 0.0557 | -0.377% |
S2 | 0.0556 | -0.545% |
S3 | 0.0551 | -1.37% |
FAQ
Click here for our free guide on how to buy MDL/USD Currency pair.