AUD/HUF - 1H - Technical analysis published on 04/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 207.42 HUF
My targets
208.91 HUF (+1.27)
209.41 HUF (+1.77)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/HUF as long as the price remains well above 207.42 HUF. The buyers” bullish objective is set at 208.91 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 209.41 HUF. If there is any crossing, the next objective would be the resistance located at 216.74 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/HUF rating 207.64 HUF. On the day, this instrument gained +0.53% and was traded between 205.41 HUF and 207.81 HUF over the period. The price is currently at +1.09% from its lowest and -0.08% from its highest.205.41
207.81
207.64
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AUD/HUF in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 206.37 | 206.86 | 207.42 | 207.64 | 209.41 | 216.74 | 225.02 |
| Change (%) | -0.61% | -0.38% | -0.11% | - | +0.85% | +4.38% | +8.37% |
| Change | -1.27 | -0.78 | -0.22 | - | +1.77 | +9.10 | +17.38 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 202.27 | 203.26 | 204.91 | 205.90 | 207.55 | 208.54 | 210.19 |
| Camarilla | 205.82 | 206.07 | 206.31 | 206.55 | 206.79 | 207.03 | 207.28 |
| Woodie | 202.59 | 203.43 | 205.23 | 206.07 | 207.87 | 208.71 | 210.51 |
| Fibonacci | 203.26 | 204.27 | 204.90 | 205.90 | 206.91 | 207.54 | 208.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 197.37 | 199.72 | 203.14 | 205.49 | 208.91 | 211.26 | 214.68 |
| Camarilla | 204.96 | 205.49 | 206.02 | 206.55 | 207.08 | 207.61 | 208.14 |
| Woodie | 197.90 | 199.99 | 203.67 | 205.76 | 209.44 | 211.53 | 215.21 |
| Fibonacci | 199.72 | 201.93 | 203.29 | 205.49 | 207.70 | 209.06 | 211.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.97 | 170.37 | 185.70 | 194.10 | 209.43 | 217.83 | 233.16 |
| Camarilla | 194.49 | 196.67 | 198.85 | 201.02 | 203.20 | 205.37 | 207.55 |
| Woodie | 165.43 | 172.10 | 189.16 | 195.83 | 212.89 | 219.56 | 236.62 |
| Fibonacci | 170.37 | 179.44 | 185.04 | 194.10 | 203.17 | 208.77 | 217.83 |
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): | 65.29 | |
| MACD (12,26,9): | 0.4600 | |
| Directional Movement: | 9.99 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 207.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 205.81 | |
| Elder Ray (13): | 0.65 | |
| Super Trend (3,10): | 205.78 | |
| Zig ZAG (10): | 207.67 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 95.03 | |
| TEMA (21): | 207.35 | |
| Williams %R (14): | -7.08 | |
| Chande Momentum Oscillator (20): | 1.52 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.70 |
| MA7: | 206.08 | |
| MA20: | 202.59 | |
| MA50: | 200.64 | |
| MA100: | 203.22 | |
| MAexp7: | 207.19 | |
| MAexp20: | 206.63 | |
| MAexp50: | 205.93 | |
| MAexp100: | 205.47 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | +2.49% | |
| Price / MA50: | +3.49% | |
| Price / MA100: | +2.17% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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