AUD/HUF - 1H - Technical analysis published on 03/11/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 193.95 HUF
My targets
195.29 HUF (+1.03)
197.84 HUF (+3.58)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AUD/HUF as long as the price remains well above 193.95 HUF. The buyers” bullish objective is set at 195.29 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 197.84 HUF. If there is any crossing, the next objective would be the resistance located at 198.56 HUF. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 195.29 HUF. On this resistance, against the trend traders who would like to go short on AUD/HUF with a bearish signal from their trading strategy, should not hesitate to act.
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
3.2
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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 price is 194.26 HUF. On the day, this instrument lost +1.08% with the lowest point at 191.52 HUF and the highest point at 194.46 HUF. The deviation from the price is +1.43% for the low point and -0.10% for the high point.191.52
194.46
194.26
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
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
Abnormal volumes on AUD/HUF were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of AUD/HUF indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. 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 under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 185.03 | 191.37 | 193.95 | 194.26 | 195.29 | 198.56 | 200.28 |
| Change (%) | -4.75% | -1.49% | -0.16% | - | +0.53% | +2.21% | +3.10% |
| Change | -9.23 | -2.89 | -0.31 | - | +1.03 | +4.30 | +6.02 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 187.19 | 189.28 | 190.73 | 192.82 | 194.27 | 196.36 | 197.81 |
| Camarilla | 191.21 | 191.53 | 191.86 | 192.18 | 192.51 | 192.83 | 193.15 |
| Woodie | 186.87 | 189.12 | 190.41 | 192.66 | 193.95 | 196.20 | 197.49 |
| Fibonacci | 189.28 | 190.63 | 191.47 | 192.82 | 194.17 | 195.01 | 196.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.29 | 192.98 | 195.15 | 197.84 | 200.01 | 202.70 | 204.87 |
| Camarilla | 195.98 | 196.43 | 196.87 | 197.32 | 197.77 | 198.21 | 198.66 |
| Woodie | 190.03 | 192.85 | 194.89 | 197.71 | 199.75 | 202.57 | 204.61 |
| Fibonacci | 192.98 | 194.84 | 195.98 | 197.84 | 199.70 | 200.84 | 202.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 181.57 | 189.73 | 194.64 | 202.80 | 207.71 | 215.87 | 220.78 |
| Camarilla | 195.97 | 197.16 | 198.36 | 199.56 | 200.76 | 201.96 | 203.15 |
| Woodie | 179.96 | 188.92 | 193.03 | 201.99 | 206.10 | 215.06 | 219.17 |
| Fibonacci | 189.73 | 194.72 | 197.80 | 202.80 | 207.79 | 210.87 | 215.87 |
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): | 61.88 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 6.54 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 193.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 192.58 | |
| Elder Ray (13): | 0.84 | |
| Super Trend (3,10): | 192.27 | |
| Zig ZAG (10): | 194.24 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 89.80 | |
| TEMA (21): | 193.95 | |
| Williams %R (14): | -7.14 | |
| Chande Momentum Oscillator (20): | 2.57 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.48 |
| MA7: | 196.36 | |
| MA20: | 202.28 | |
| MA50: | 204.79 | |
| MA100: | 205.04 | |
| MAexp7: | 193.77 | |
| MAexp20: | 193.25 | |
| MAexp50: | 193.54 | |
| MAexp100: | 194.70 | |
| Price / MA7: | -1.07% | |
| Price / MA20: | -3.96% | |
| Price / MA50: | -5.14% | |
| Price / MA100: | -5.26% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | -0.23% |
This member declared not having a position on this financial instrument or a related financial instrument.
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