CHF/HUF - 1H - Technical analysis published on 11/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 391.94 HUF
My targets
393.22 HUF (+0.72)
394.36 HUF (+1.86)
My analysis
The basic bullish trend is very strong on CHF/HUF but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 391.94 HUF. Crossing the first resistance at 393.22 HUF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 394.36 HUF as an objective. Crossing it would then enable buyers to target 395.58 HUF. Caution, a return to below 391.94 HUF would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/HUF rating 392.50 HUF. The price registered a decrease of -0.04% on the session and was between 390.66 HUF and 393.31 HUF. This implies that the price is at +0.47% from its lowest and at -0.21% from its highest.390.66
393.31
392.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HUF chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 389.35 | 390.96 | 391.94 | 392.50 | 393.22 | 394.36 | 395.58 |
| Change (%) | -0.80% | -0.39% | -0.14% | - | +0.18% | +0.47% | +0.78% |
| Change | -3.15 | -1.54 | -0.56 | - | +0.72 | +1.86 | +3.08 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 388.39 | 389.47 | 391.06 | 392.14 | 393.73 | 394.81 | 396.40 |
| Camarilla | 391.93 | 392.17 | 392.42 | 392.66 | 392.91 | 393.15 | 393.39 |
| Woodie | 388.66 | 389.60 | 391.33 | 392.27 | 394.00 | 394.94 | 396.67 |
| Fibonacci | 389.47 | 390.49 | 391.12 | 392.14 | 393.16 | 393.79 | 394.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 384.63 | 386.45 | 389.56 | 391.38 | 394.49 | 396.31 | 399.42 |
| Camarilla | 391.30 | 391.76 | 392.21 | 392.66 | 393.11 | 393.56 | 394.02 |
| Woodie | 385.27 | 386.77 | 390.20 | 391.70 | 395.13 | 396.63 | 400.06 |
| Fibonacci | 386.45 | 388.34 | 389.50 | 391.38 | 393.27 | 394.43 | 396.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 378.56 | 387.68 | 392.50 | 401.62 | 406.44 | 415.56 | 420.38 |
| Camarilla | 393.50 | 394.77 | 396.05 | 397.33 | 398.61 | 399.89 | 401.16 |
| Woodie | 376.42 | 386.61 | 390.36 | 400.55 | 404.30 | 414.49 | 418.24 |
| Fibonacci | 387.68 | 393.00 | 396.29 | 401.62 | 406.94 | 410.23 | 415.56 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.14 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 4.41 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 392.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 393.14 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 390.68 | |
| Zig ZAG (10): | 392.57 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 64.15 | |
| TEMA (21): | 392.61 | |
| Williams %R (14): | -41.28 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.06 |
| MA7: | 391.22 | |
| MA20: | 395.95 | |
| MA50: | 400.51 | |
| MA100: | 399.66 | |
| MAexp7: | 392.57 | |
| MAexp20: | 392.47 | |
| MAexp50: | 392.05 | |
| MAexp100: | 391.68 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -2.00% | |
| Price / MA100: | -1.79% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.21% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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