PKR/BHD 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
Weaker technical forecast for PKR/BHD as currency pair downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The PKR/BHD currency pair price gained 0.0931% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0014 to $0.0014. During the last trading day the currency pair fluctuated 0.213% from a day low at $0.0014 to a day high of $0.0014. The price has risen in 6 of the last 10 days and is up by 0.13% 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, 3 more shares were traded than the day before. In total, 5 shares were bought and sold for approximately $0.0068 .
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 PKR/BHD currency pair with a 90% probability to be traded between $0.0013 and $0.0014 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PKRBHD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.130%. Further rise is indicated until a new top pivot has been found. PKR/BHD 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 PKR/BHD currency pair holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the currency pair giving a more negative forecast for the stock. On further gains, the currency pair will meet resistance from the long-term Moving Average at $0.0014. On a fall, the currency pair will find some support from the short-term average at $0.0014. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Sunday, May 26, 2024 in the short-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
The currency pair had a Golden Star Signal on Sunday, May 26, 2024 in the short-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.
A sell signal from a double top formation was found on Tuesday, May 28, 2024 and based on theory for this formation the price should fall by -0.230% to $0.0014 within 11 trading days since signal was issued (Wednesday, June 12, 2024).
Support, Risk & Stop-loss for PKR/BHD currency pair
PKR/BHD finds support from accumulated volume at $0.0014 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 $0.00000288 between high and low, or 0.213%. For the last week the currency pair has had daily average volatility of 0.194%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PKRBHD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect PKR/BHD to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0014, which gives a possible trading interval of +/-$0.00000245 (+/-0.18%) up or down from last closing price. If PKR/BHD takes out the full calculated possible swing range there will be an estimated 0.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0014 (0.04%) than the resistance at $0.0014 (0.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PKR/BHD currency pair A Buy?
PKR/BHD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this currency pair since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.363 Sell Candidate Downgraded
Predicted Opening Price for PKR/BHD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0014 ( 0.0034%) | $0.0014 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKRBHD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 0.216% |
| R2 | 0.0014 | 0.135% |
| R1 | 0.0014 | 0.0847% |
| Price | 0.0014 | |
| S1 | 0.0014 | -0.0778% |
| S2 | 0.0014 | -0.128% |
| S3 | 0.0014 | -0.209% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 0.131% |
| R2 | 0.0014 | 0.103% |
| R1 | 0.0014 | 0.0664% |
| Price | 0.0014 | |
| S1 | 0.0014 | -0.0436% |
| S2 | 0.0014 | -0.115% |
| S3 | 0.0014 | -0.134% |
FAQ
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