AUD/HUF - 1H - Technical analysis published on 05/07/2020 (GMT)
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- Timeframe : 1H
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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 209.55 HUF
My targets
211.27 HUF (+1.72)
212.94 HUF (+3.39)
My analysis
AUD/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 209.55 HUF. The next resistance located at 211.27 HUF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 212.94 HUF. After this resistance, buyers could then target 214.65 HUF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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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
The AUD/HUF rating is 209.55 HUF. The price has increased by +0.97% since the last closing and was between 207.55 HUF and 210.24 HUF. This implies that the price is at +0.96% from its lowest and at -0.33% from its highest.207.55
210.24
209.55
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/HUF:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AUD/HUF indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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:
Horizontal resistance is broken
Type : Bullish
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 | 205.71 | 207.56 | 209.41 | 209.55 | 211.27 | 214.65 | 215.73 |
| Change (%) | -1.83% | -0.95% | -0.07% | - | +0.82% | +2.43% | +2.95% |
| Change | -3.84 | -1.99 | -0.14 | - | +1.72 | +5.10 | +6.18 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.00 | 205.49 | 206.52 | 208.01 | 209.04 | 210.53 | 211.56 |
| Camarilla | 206.85 | 207.08 | 207.31 | 207.54 | 207.77 | 208.00 | 208.23 |
| Woodie | 203.76 | 205.38 | 206.28 | 207.90 | 208.80 | 210.42 | 211.32 |
| Fibonacci | 205.49 | 206.46 | 207.05 | 208.01 | 208.98 | 209.57 | 210.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.78 | 199.97 | 203.36 | 209.55 | 212.94 | 219.13 | 222.52 |
| Camarilla | 204.13 | 205.00 | 205.88 | 206.76 | 207.64 | 208.52 | 209.40 |
| Woodie | 192.39 | 199.27 | 201.97 | 208.85 | 211.55 | 218.43 | 221.13 |
| Fibonacci | 199.97 | 203.63 | 205.89 | 209.55 | 213.21 | 215.47 | 219.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.08 | 191.68 | 200.52 | 208.12 | 216.96 | 224.56 | 233.40 |
| Camarilla | 204.83 | 206.34 | 207.84 | 209.35 | 210.86 | 212.36 | 213.87 |
| Woodie | 184.69 | 191.99 | 201.13 | 208.43 | 217.57 | 224.87 | 234.01 |
| Fibonacci | 191.68 | 197.96 | 201.84 | 208.12 | 214.40 | 218.28 | 224.56 |
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): | 63.64 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 18.44 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 208.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 207.21 | |
| Elder Ray (13): | 0.83 | |
| Super Trend (3,10): | 207.44 | |
| Zig ZAG (10): | 209.27 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 91.96 | |
| TEMA (21): | 208.77 | |
| Williams %R (14): | -6.88 | |
| Chande Momentum Oscillator (20): | 1.79 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.34 |
| MA7: | 209.09 | |
| MA20: | 208.24 | |
| MA50: | 201.26 | |
| MA100: | 203.92 | |
| MAexp7: | 208.84 | |
| MAexp20: | 208.23 | |
| MAexp50: | 208.19 | |
| MAexp100: | 208.55 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +4.12% | |
| Price / MA100: | +2.76% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.47% |
This member declared not having a position on this financial instrument or a related financial instrument.
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