US Dollar / Ghanaian Cedi

The dollar against the cedi, one of the most volatile currencies in West Africa.

11.55220.00%

Price · last 3 months

Simulated shape

Market trend

Bullish

54/100 confidence

US Dollar / Ghanaian Cedi is marginally bullish on this timeframe.

Confidence measures how much the indicators agree with each other. It is not a probability that a trade will be profitable.

Signals behind this

Price vs long-term averagebullish
EMA 20 vs EMA 50neutral
MACD momentumbullish
RSI (14)neutral
Bollinger positionneutral
Market structurebullish

Key levels

11.5882+0.31%
11.7741+1.92%
11.9020+3.03%

Price11.5522

11.4880-0.56%
11.4648-0.76%
10.9129-5.53%

19.3%annualised · high

Realised volatility is running well above what is normal for US Dollar / Ghanaian Cedi. Ranges are wide, stops need more room, and position sizes should be smaller than usual to keep risk constant.

How this developed

Major moves, trend changes, level breaks and news for this window, newest first.

Medium-term trend turned bullish
Trend change
The 20-period average crossed above the 50-period average — the same signal behind this page's trend verdict.
2d ago
Closed above 11.7741
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
2d ago
Jumped 2.25% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (1.94%).
4d ago
Closed above 11.7741
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
4d ago
Closed above 11.5882
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
5d ago
Closed above 11.5882
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
11d ago
Jumped 2.56% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.3× its typical daily range (2.03%).
13d ago
Closed above 11.5882
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
13d ago
Jumped 2.79% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (2.01%).
15d ago
Closed below 11.4880
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
20d ago
Closed below 11.4648
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
20d ago
Closed below 11.4880
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
23d ago
Closed below 11.4648
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
23d ago
Closed above 11.5882
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
27d ago
Closed below 11.4648
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
Aug 20
Closed below 11.4880
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
Aug 19
Dropped 3.07% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (2.18%).
Aug 5
Closed below 11.4880
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
Aug 2
Closed below 11.4648
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
Aug 2
Closed above 11.5882
Level break
That price is one of today's key levels — this is when price last closed on the other side of it.
Aug 1

Showing the 20 most recent of 29 events in this window.

Summary

Writing

Technical indicators

Computed from 90 bars over the last 3 months.

11.5990 / 11.5888

bullish

The 20-period average sits above the 50-period average, which is the classic shape of an uptrend. Price above both means buyers have controlled the recent range.

49.3

neutral

At 49 momentum is in the normal band — neither stretched nor exhausted, so RSI is not arguing for a reversal in either direction.

0.06924

bullish

MACD is above its signal line, so short-term momentum is running ahead of the medium-term trend. Momentum is currently working for buyers.

0.92× average

neutral

Volume is close to its period average — participation is normal and is neither confirming nor contradicting the price move.

0.2160 (1.87%)

neutral

The market has been moving about 0.2160 per bar, or 1.87% of price. This is the number position sizing and stop placement should be built around — a stop tighter than this will be hit by ordinary noise.

Two ways this could go

Both paths are shown with equal weight. Neither is a prediction.

Potential bullish scenario

Trigger: A daily close above 11.5882 on above-average volume
If it fires: 11.7741 as the next area where sellers have previously stepped in
Invalidation: A move back below 11.4880 would void this idea

If buyers can absorb the supply sitting at 11.5882 and hold above it into a close, the path of least resistance opens toward 11.7741. The broader trend already supports this, so it would be continuation rather than a reversal. Given the market is moving roughly 0.2160 per bar, allow at least that much room before treating a wick through the level as a real breakout.

Potential bearish scenario

Trigger: Losing 11.4880 and failing to reclaim it
If it fires: 11.4648, the next level where buyers previously defended
Invalidation: Reclaiming 11.5882 would void this idea

If 11.4880 gives way and the market cannot recover it quickly, the next obvious area of interest is 11.4648. This runs against the prevailing trend, so it would most likely need a catalyst rather than developing on its own. With volatility elevated, a break can travel a long way quickly — the first move is often the largest.

Trading risks

This analysis reads price history. It cannot anticipate news, and markets reprice on news faster than any indicator updates.
Volatility is high at roughly 19% annualised, so the usual position size carries more risk than usual right now.
Central bank speakers can reprice the whole curve in seconds, and FX gaps over weekends.
Leverage is typically highest in FX, so ordinary moves produce outsized account impact.

Key events to watch

Central bank rate decisions and the accompanying statement language
Monthly inflation (CPI) and employment releases for both currencies in the pair
Scheduled speeches from voting policy committee members

What actually drives US Dollar / Ghanaian Cedi: gold and cocoa export receipts, Bank of Ghana policy, external debt servicing, IMF programme milestones.

This analysis is educational and should not be considered financial advice. It is generated from historical price data and can be wrong. Markets reprice on news faster than any indicator updates. Never risk money you cannot afford to lose.

Generated Sep 19, 03:48 AM · The current price is live, but no source covers this timeframe — the shape of this chart is simulated and scaled to the live price. Treat the pattern as illustrative, not as real history.