SZL/CHF Currency Pair Forecast

Green day on Friday for SZL/CHF currency pair after gaining 0.207%
(Updated on Jun 28, 2024)

SZLCHF Signals & Forecast

The SZL/CHF currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 0.0489 Fr and 0.0485 Fr. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). SZL/CHF 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 Friday, June 21, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. The currency pair had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, October 26, 2023.

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 SZL/CHF currency pair

SZL/CHF finds support from accumulated volume at 0.0488 Fr 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 0.0004 Fr between high and low, or 0.92%. For the last week the currency pair has had daily average volatility of 0.550%.

Our recommended stop-loss: 0.0472 Fr (-3.57%) (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 (SZLCHF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SZL/CHF to open at 0.0488 Fr, and during the day (based on 14 day Average True Range), to move between 0.0486 Fr and 0.0493 Fr, which gives a possible trading interval of +/-0.0003 Fr (+/-0.69%) up or down from last closing price. If SZL/CHF takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.0488 Fr (0.24%) than the resistance at 0.0493 Fr (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SZL/CHF currency pair A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SZL/CHF currency pair to perform well in the short-term period.

Current score: 3.655 Buy Candidate Unchanged

Predicted Opening Price for SZL/CHF of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.