UAH/EUR Currency Pair Forecast
Red day on Monday for UAH/EUR currency pair after losing 0%
(Updated on Jun 17, 2024)
No changes to the price of UAH/EUR currency pair on the last trading day (Monday, 17th Jun 2024). During the last trading day the currency pair fluctuated 0% from a day low at 0.0229€ to a day high of 0.0229€. The price has been going up and down for this period, and there has been a 1.46% gain for the last 2 weeks.
The currency pair lies the upper part of a narrow and falling 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 0.0229€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the currency pair is expected to fall -3.96% during the next 3 months and, with a 90% probability hold a price between 0.0215€ and 0.0220€ 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.
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UAHEUR Signals & Forecast
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. The UAH/EUR currency pair holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 0.0229€ and 0.0231€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -0.532%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for UAH/EUR currency pair
UAH/EUR finds support from accumulated volume at 0.0229€ 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€ between high and low, or 0%. For the last week the currency pair has had daily average volatility of 0.87%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UAHEUR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect UAH/EUR to open at 0.0229€, and during the day (based on 14 day Average True Range), to move between 0.0226€ and 0.0231€, which gives a possible trading interval of +/-0.0002€ (+/-1.04%) up or down from last closing price. If UAH/EUR takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0229€ (0.11%) than the resistance at 0.0233€ (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UAH/EUR currency pair A Buy?
UAH/EUR holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this currency pair.
Current score: -3.566 Sell Candidate Unchanged
Predicted Opening Price for UAH/EUR of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 0.0229€ ( 0%) | 0.0229€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UAHEUR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0229 | - |
| R2 | 0.0229 | - |
| R1 | 0.0229 | - |
| Price | 0.0229 | |
| S1 | 0.0229 | - |
| S2 | 0.0229 | - |
| S3 | 0.0229 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0237 | 3.53% |
| R2 | 0.0237 | 3.43% |
| R1 | 0.0233 | 1.68% |
| Price | 0.0229 | |
| S1 | 0.0229 | -0.113% |
| S2 | 0.0228 | -0.222% |
| S3 | 0.0228 | -0.356% |
FAQ
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