TJS/EUR Currency Pair Forecast
Green day on Friday for TJS/EUR currency pair after gaining 1.66%
(Updated on Jun 14, 2024)
The TJS/EUR currency pair price gained 1.66% on the last trading day (Friday, 14th Jun 2024), rising from 0.0860€ to 0.0874€. During the last trading day the currency pair fluctuated 2.11% from a day low at 0.0865€ to a day high of 0.0884€. The price has fallen in 5 of the last 10 days but is still up by 1.7% over the past 2 weeks. Volume fell on the last day by -1 shares and in total, 1 shares were bought and sold for approximately 0.0874€ . 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 lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 0.0876€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the currency pair is expected to rise 2.69% during the next 3 months and, with a 90% probability hold a price between 0.0877€ and 0.0899€ at the end of this 3-month period.
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TJSEUR Signals & Forecast
The TJS/EUR 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 0.0866€ and 0.0856€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.66%. Further rise is indicated until a new top pivot has been found. 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. 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 Monday, May 20, 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 Monday, May 20, 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.
Support, Risk & Stop-loss for TJS/EUR currency pair
TJS/EUR finds support from accumulated volume at 0.0858€ 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 0.0018€ between high and low, or 2.11%. For the last week the currency pair has had daily average volatility of 1.71%
Our recommended stop-loss: 0.0833€ (-4.65%) (This currency pair has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TJSEUR) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect TJS/EUR to open at 0.0874€, and during the day (based on 14 day Average True Range), to move between 0.0861€ and 0.0887€, which gives a possible trading interval of +/-0.0013€ (+/-1.52%) up or down from last closing price. If TJS/EUR takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 0.0858€, some 0.0016€ (1.80%) from the current price of 0.0874€, our system finds the risk reward attractive.
Is TJS/EUR currency pair A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TJS/EUR currency pair to perform well in the short-term.
Current score: 2.216 Buy Candidate Unchanged
Predicted Opening Price for TJS/EUR of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 0.0874€ ( 0.0411%) | 0.0874€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TJSEUR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0893 | 2.13% |
| R2 | 0.0886 | 1.33% |
| R1 | 0.0881 | 0.84% |
| Price | 0.0874 | |
| S1 | 0.0867 | -0.756% |
| S2 | 0.0863 | -1.25% |
| S3 | 0.0856 | -2.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0874 | |
| S1 | 0.0858 | -1.80% |
| S2 | 0.0851 | -2.69% |
| S3 | 0.0850 | -2.76% |
FAQ
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