PKR/DKK 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
PKR/DKK currency pair price ended at kr0.0250 on Tuesday, after gaining 0.189%.
(Updated on Jun 25, 2024)
The PKR/DKK currency pair price gained 0.189% on the last trading day (Tuesday, 25th Jun 2024), rising from kr0.0249 to kr0.0250. During the last trading day the currency pair fluctuated 0.616% from a day low at kr0.0249 to a day high of kr0.0250. The price has risen in 6 of the last 10 days and is up by 0.29% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 40 thousand shares were bought and sold for approximately kr992.46 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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/DKK currency pair with a 90% probability to be traded between kr0.0244 and kr0.0250 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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PKRDKK Signals & Forecast
The PKR/DKK 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 kr0.0250. On a fall, the currency pair will find some support from the long-term average at approximately kr0.0248. 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. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.230%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The currency pair had a Golden Star Signal on Friday, June 07, 2024 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 Friday, June 07, 2024 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 PKR/DKK currency pair
PKR/DKK finds support from accumulated volume at kr0.0249 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 kr0.0002 between high and low, or 0.616%. For the last week the currency pair has had daily average volatility of 0.689%
Our recommended stop-loss: kr0.0242 (-3.20%) (This currency pair has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (PKRDKK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect PKR/DKK to open at kr0.0250, and during the day (based on 14 day Average True Range), to move between kr0.0248 and kr0.0252, which gives a possible trading interval of +/-kr0.0002 (+/-0.76%) up or down from last closing price. If PKR/DKK takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr0.0249 (0.24%) than the resistance at kr0.0252 (0.72%), 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/DKK currency pair A Buy?
PKR/DKK holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.381 Hold/Accumulate Unchanged
Predicted Opening Price for PKR/DKK of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr0.0250 ( 0.0580%) | kr0.0250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKRDKK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0251 | 0.556% |
| R2 | 0.0251 | 0.321% |
| R1 | 0.0250 | 0.176% |
| Price | 0.0250 | |
| S1 | 0.0249 | -0.292% |
| S2 | 0.0249 | -0.437% |
| S3 | 0.0248 | -0.672% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0253 | 1.08% |
| R2 | 0.0252 | 0.96% |
| R1 | 0.0252 | 0.719% |
| Price | 0.0250 | |
| S1 | 0.0249 | -0.241% |
| S2 | 0.0248 | -0.92% |
| S3 | 0.0246 | -1.49% |
FAQ
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