USD/HUF - 15 min. - Technical analysis published on 01/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 347.20 HUF
My targets
345.15 HUF (-0.82)
343.99 HUF (-1.98)
My analysis
USD/HUF is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 347.20 HUF, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 345.15 HUF. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 343.99 HUF would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 343.10 HUF. Beware of a possible return to above the resistance located at 347.20 HUF which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.1
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This analysis was given by armando dalli. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/HUF rating is 345.97 HUF. On the day, this instrument lost -0.10% and was traded between 345.50 HUF and 347.50 HUF over the period. The price is currently at +0.14% from its lowest and -0.44% from its highest.345.50
347.50
345.97
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of USD/HUF indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
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 support of channel
Type : Bullish
Timeframe : 15 minutes
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 343.24 | 344.25 | 344.95 | 345.97 | 346.30 | 347.43 | 348.90 |
| Change (%) | -0.79% | -0.50% | -0.29% | - | +0.10% | +0.42% | +0.85% |
| Change | -2.73 | -1.72 | -1.02 | - | +0.33 | +1.46 | +2.93 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 343.10 | 343.99 | 345.15 | 346.04 | 347.20 | 348.09 | 349.25 |
| Camarilla | 345.74 | 345.92 | 346.11 | 346.30 | 346.49 | 346.68 | 346.86 |
| Woodie | 343.23 | 344.06 | 345.28 | 346.11 | 347.33 | 348.16 | 349.38 |
| Fibonacci | 343.99 | 344.78 | 345.26 | 346.04 | 346.83 | 347.31 | 348.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 340.34 | 341.99 | 344.15 | 345.80 | 347.96 | 349.61 | 351.77 |
| Camarilla | 345.25 | 345.60 | 345.95 | 346.30 | 346.65 | 347.00 | 347.35 |
| Woodie | 340.59 | 342.12 | 344.40 | 345.93 | 348.21 | 349.74 | 352.02 |
| Fibonacci | 341.99 | 343.45 | 344.35 | 345.80 | 347.26 | 348.16 | 349.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 326.94 | 334.88 | 341.06 | 349.00 | 355.18 | 363.12 | 369.30 |
| Camarilla | 343.36 | 344.65 | 345.95 | 347.24 | 348.53 | 349.83 | 351.12 |
| Woodie | 326.06 | 334.44 | 340.18 | 348.56 | 354.30 | 362.68 | 368.42 |
| Fibonacci | 334.88 | 340.27 | 343.61 | 349.00 | 354.39 | 357.73 | 363.12 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.59 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -12.68 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 346.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 346.88 | |
| Elder Ray (13): | -0.47 | |
| Super Trend (3,10): | 347.03 | |
| Zig ZAG (10): | 346.05 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 22.91 | |
| TEMA (21): | 346.27 | |
| Williams %R (14): | -84.26 | |
| Chande Momentum Oscillator (20): | -0.82 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.23 |
| MA7: | 345.70 | |
| MA20: | 347.21 | |
| MA50: | 349.00 | |
| MA100: | 355.70 | |
| MAexp7: | 346.32 | |
| MAexp20: | 346.49 | |
| MAexp50: | 346.44 | |
| MAexp100: | 346.27 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -2.74% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.09% |
Quotes :
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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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