AUD/HUF - Daily - Technical analysis published on 03/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
61%
6%
My opinion
Bearish under 239.84 HUF
My targets
228.07 HUF (-9.90)
217.29 HUF (-20.68)
My analysis
The bearish trend is currently very strong for AUD/HUF. As long as the price remains below the resistance at 239.84 HUF, you could try to take advantage of the bearish rally. The first bearish objective is located at 228.07 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 217.29 HUF as an objective. Crossing it would then enable sellers to target 214.15 HUF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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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 237.97 HUF. The price has increased by +0.61% since the last closing and was traded between 236.04 HUF and 238.29 HUF over the period. The price is currently at +0.82% from its lowest and -0.13% from its highest.236.04
238.29
237.97
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/HUF in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
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 this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 165.89 | 187.07 | 214.15 | 237.97 | 239.84 | 256.33 | 265.61 |
| Change (%) | -30.29% | -21.39% | -10.01% | - | +0.79% | +7.72% | +11.61% |
| Change | -72.08 | -50.90 | -23.82 | - | +1.87 | +18.36 | +27.64 |
| Level | Minor | Minor | Major | - | Major | 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 | 232.50 | 234.38 | 235.45 | 237.33 | 238.40 | 240.28 | 241.35 |
| Camarilla | 235.71 | 235.98 | 236.25 | 236.52 | 236.79 | 237.06 | 237.33 |
| Woodie | 232.10 | 234.18 | 235.05 | 237.13 | 238.00 | 240.08 | 240.95 |
| Fibonacci | 234.38 | 235.51 | 236.20 | 237.33 | 238.46 | 239.15 | 240.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 230.33 | 233.15 | 237.20 | 240.02 | 244.07 | 246.89 | 250.94 |
| Camarilla | 239.37 | 240.00 | 240.63 | 241.26 | 241.89 | 242.52 | 243.15 |
| Woodie | 230.96 | 233.46 | 237.83 | 240.33 | 244.70 | 247.20 | 251.57 |
| Fibonacci | 233.15 | 235.77 | 237.39 | 240.02 | 242.64 | 244.26 | 246.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.29 | 228.07 | 234.37 | 245.15 | 251.45 | 262.23 | 268.53 |
| Camarilla | 235.98 | 237.55 | 239.11 | 240.68 | 242.25 | 243.81 | 245.38 |
| Woodie | 215.06 | 226.95 | 232.14 | 244.03 | 249.22 | 261.11 | 266.30 |
| Fibonacci | 228.07 | 234.59 | 238.62 | 245.15 | 251.67 | 255.70 | 262.23 |
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): | 36.68 | |
| MACD (12,26,9): | -3.7700 | |
| Directional Movement: | -13.53 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 237.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 240.42 | |
| Elder Ray (13): | -3.16 | |
| Super Trend (3,10): | 246.77 | |
| Zig ZAG (10): | 238.16 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 12.97 | |
| TEMA (21): | 236.21 | |
| Williams %R (14): | -78.57 | |
| Chande Momentum Oscillator (20): | -8.57 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 7.41 |
| MA7: | 237.93 | |
| MA20: | 242.88 | |
| MA50: | 249.45 | |
| MA100: | 255.70 | |
| MAexp7: | 238.45 | |
| MAexp20: | 242.32 | |
| MAexp50: | 248.22 | |
| MAexp100: | 253.82 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -2.02% | |
| Price / MA50: | -4.60% | |
| Price / MA100: | -6.93% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -1.80% | |
| Price / MAexp50: | -4.13% | |
| Price / MAexp100: | -6.24% |
Quotes :
-
Real time data
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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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