TRY/XAG Currency Pair Forecast
TRY/XAG currency pair price up 0.0697% on Friday
(Updated on Jun 28, 2024)
The TRY/XAG currency pair price gained 0.0697% on the last trading day (Friday, 28th Jun 2024), rising from $0.0010 to $0.0010. During the last trading day the currency pair fluctuated 2.64% from a day low at $0.0010 to a day high of $0.0011. The price has risen in 6 of the last 10 days and is up by 1.61% over the past 2 weeks. Volume fell on the last day by -79 shares and in total, 1 thousand shares were bought and sold for approximately $1.30 . 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the currency pair is expected to fall -11.82% during the next 3 months and, with a 90% probability hold a price between $0.0008 and $0.0010 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TRYXAG Signals & Forecast
The TRY/XAG 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 $0.0010 and $0.0010. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 8.39%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for TRY/XAG currency pair
TRY/XAG finds support from accumulated volume at $0.0010 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 $0.00002711 between high and low, or 2.64%. For the last week the currency pair has had daily average volatility of 2.19%
Our recommended stop-loss: $0.0010 (-4.43%) (This currency pair has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (TRYXAG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TRY/XAG to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0010 and $0.0011, which gives a possible trading interval of +/-$0.00003023 (+/-2.88%) up or down from last closing price. If TRY/XAG takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0010 (0.07%) than the resistance at $0.0011 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TRY/XAG currency pair A Buy?
TRY/XAG 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: 0.438 Hold/Accumulate Unchanged
Predicted Opening Price for TRY/XAG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0010 ( 0.408%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRYXAG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 2.18% |
| R2 | 0.0011 | 1.19% |
| R1 | 0.0011 | 0.579% |
| Price | 0.0010 | |
| S1 | 0.0010 | -1.40% |
| S2 | 0.0010 | -2.01% |
| S3 | 0.0010 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0011 | 4.03% |
| R2 | 0.0011 | 3.26% |
| R1 | 0.0011 | 1.80% |
| Price | 0.0010 | |
| S1 | 0.0010 | -0.0696% |
| S2 | 0.0010 | -1.21% |
| S3 | 0.0010 | -1.97% |
FAQ
Click here for our free guide on how to buy TRY/XAG Currency pair.
