AUD/HUF - Daily - Technical analysis published on 08/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 265.61 HUF
My targets
275.72 HUF (+4.60)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 265.61 HUF remains possible. It is advisable to trade AUD/HUF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 265.61 HUF. The next bullish objective for buyers is set at 275.72 HUF. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 265.61 HUF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/HUF price is 271.12 HUF. On the day, this instrument gained +0.31% and was traded between 269.56 HUF and 271.28 HUF over the period. The price is currently at +0.58% from its lowest and -0.06% from its highest.269.56
271.28
271.12
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (1 year)
Type : Bullish
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
A technical analysis in Daily of this AUD/HUF chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 239.84 | 256.33 | 265.61 | 271.12 | 275.72 |
| Change (%) | -11.54% | -5.46% | -2.03% | - | +1.70% |
| Change | -31.28 | -14.79 | -5.51 | - | +4.60 |
| Level | Intermediate | Major | Intermediate | - | 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 | 260.39 | 264.10 | 267.19 | 270.90 | 273.99 | 277.70 | 280.79 |
| Camarilla | 268.42 | 269.04 | 269.67 | 270.29 | 270.91 | 271.54 | 272.16 |
| Woodie | 260.09 | 263.95 | 266.89 | 270.75 | 273.69 | 277.55 | 280.49 |
| Fibonacci | 264.10 | 266.69 | 268.30 | 270.90 | 273.49 | 275.10 | 277.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.50 | 261.62 | 269.14 | 275.26 | 282.78 | 288.90 | 296.42 |
| Camarilla | 272.91 | 274.16 | 275.41 | 276.66 | 277.91 | 279.16 | 280.41 |
| Woodie | 256.20 | 261.97 | 269.84 | 275.61 | 283.48 | 289.25 | 297.12 |
| Fibonacci | 261.62 | 266.83 | 270.05 | 275.26 | 280.47 | 283.69 | 288.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 240.17 | 249.35 | 263.01 | 272.19 | 285.85 | 295.03 | 308.69 |
| Camarilla | 270.38 | 272.47 | 274.57 | 276.66 | 278.75 | 280.85 | 282.94 |
| Woodie | 242.40 | 250.47 | 265.24 | 273.31 | 288.08 | 296.15 | 310.92 |
| Fibonacci | 249.35 | 258.08 | 263.47 | 272.19 | 280.92 | 286.31 | 295.03 |
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): | 50.90 | |
| MACD (12,26,9): | 1.9400 | |
| Directional Movement: | 2.24 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 274.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 281.11 | |
| Elder Ray (13): | -2.19 | |
| Super Trend (3,10): | 263.89 | |
| Zig ZAG (10): | 271.10 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 35.96 | |
| TEMA (21): | 274.22 | |
| Williams %R (14): | -69.13 | |
| Chande Momentum Oscillator (20): | 1.91 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 1.04 |
| MA7: | 274.61 | |
| MA20: | 272.55 | |
| MA50: | 267.37 | |
| MA100: | 261.01 | |
| MAexp7: | 272.97 | |
| MAexp20: | 271.64 | |
| MAexp50: | 267.25 | |
| MAexp100: | 260.42 | |
| Price / MA7: | -1.27% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | +1.40% | |
| Price / MA100: | +3.87% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | +1.45% | |
| Price / MAexp100: | +4.11% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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