AUD/HUF - 1H - Technical analysis published on 11/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 221.89 HUF
My targets
223.73 HUF (+1.19)
225.02 HUF (+2.48)
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 221.89 HUF. The buyers” bullish objective is set at 223.73 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 225.02 HUF. If there is any crossing, the next objective would be the resistance located at 256.33 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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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 222.54 HUF. The price registered an increase of +0.05% on the session and was traded between 221.74 HUF and 223.15 HUF over the period. The price is currently at +0.36% from its lowest and -0.27% from its highest.221.74
223.15
222.54
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/HUF in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 218.94 | 219.84 | 221.89 | 222.54 | 223.73 | 225.02 | 256.33 |
| Change (%) | -1.62% | -1.21% | -0.29% | - | +0.53% | +1.11% | +15.18% |
| Change | -3.60 | -2.70 | -0.65 | - | +1.19 | +2.48 | +33.79 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
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 | 218.88 | 220.11 | 221.27 | 222.50 | 223.66 | 224.89 | 226.05 |
| Camarilla | 221.77 | 221.99 | 222.21 | 222.43 | 222.65 | 222.87 | 223.09 |
| Woodie | 218.85 | 220.09 | 221.24 | 222.48 | 223.63 | 224.87 | 226.02 |
| Fibonacci | 220.11 | 221.02 | 221.59 | 222.50 | 223.41 | 223.98 | 224.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.37 | 214.72 | 217.18 | 219.53 | 221.99 | 224.34 | 226.80 |
| Camarilla | 218.31 | 218.75 | 219.19 | 219.63 | 220.07 | 220.51 | 220.95 |
| Woodie | 212.42 | 214.75 | 217.23 | 219.56 | 222.04 | 224.37 | 226.85 |
| Fibonacci | 214.72 | 216.56 | 217.70 | 219.53 | 221.37 | 222.51 | 224.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 210.77 | 213.46 | 217.31 | 220.00 | 223.85 | 226.54 | 230.39 |
| Camarilla | 219.35 | 219.95 | 220.55 | 221.15 | 221.75 | 222.35 | 222.95 |
| Woodie | 211.34 | 213.75 | 217.88 | 220.29 | 224.42 | 226.83 | 230.96 |
| Fibonacci | 213.46 | 215.96 | 217.51 | 220.00 | 222.50 | 224.05 | 226.54 |
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): | 51.39 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 8.55 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 222.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 223.02 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 221.45 | |
| Zig ZAG (10): | 222.47 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 43.00 | |
| TEMA (21): | 222.21 | |
| Williams %R (14): | -42.03 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.04 |
| MA7: | 220.45 | |
| MA20: | 220.75 | |
| MA50: | 220.37 | |
| MA100: | 217.54 | |
| MAexp7: | 222.23 | |
| MAexp20: | 222.23 | |
| MAexp50: | 221.87 | |
| MAexp100: | 221.21 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +0.98% | |
| Price / MA100: | +2.30% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.60% |
Quotes :
2020-11-18 16:44:10
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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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