CAD/HUF - 1H - Technical analysis published on 04/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 230.87 HUF
My targets
228.15 HUF (-1.83)
227.36 HUF (-2.62)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CAD/HUF as long as the price remains well below 230.87 HUF. The next bearish objective for sellers is set at 228.15 HUF. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 227.36 HUF. If there is any crossing, the next objective would be the support located at 226.63 HUF. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.9
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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 CAD/HUF rating is 229.98 HUF. The price registered a decrease of +0.16% on the session and was traded between 228.84 HUF and 231.03 HUF over the period. The price is currently at +0.50% from its lowest and -0.45% from its highest.228.84
231.03
229.98
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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:
Near resistance of channel
Type : Bearish
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 | 226.63 | 227.36 | 229.89 | 229.98 | 230.87 | 232.15 | 233.92 |
Change (%) | -1.46% | -1.14% | -0.04% | - | +0.39% | +0.94% | +1.71% |
Change | -3.35 | -2.62 | -0.09 | - | +0.89 | +2.17 | +3.94 |
Level | Major | Intermediate | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 225.14 | 227.18 | 228.40 | 230.44 | 231.66 | 233.70 | 234.92 |
Camarilla | 228.72 | 229.02 | 229.32 | 229.62 | 229.92 | 230.22 | 230.52 |
Woodie | 224.73 | 226.98 | 227.99 | 230.24 | 231.25 | 233.50 | 234.51 |
Fibonacci | 227.18 | 228.43 | 229.20 | 230.44 | 231.69 | 232.46 | 233.70 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 221.59 | 224.48 | 228.15 | 231.04 | 234.71 | 237.60 | 241.27 |
Camarilla | 230.03 | 230.63 | 231.23 | 231.83 | 232.43 | 233.03 | 233.63 |
Woodie | 221.99 | 224.68 | 228.55 | 231.24 | 235.11 | 237.80 | 241.67 |
Fibonacci | 224.48 | 226.98 | 228.53 | 231.04 | 233.54 | 235.09 | 237.60 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 198.76 | 205.95 | 219.34 | 226.53 | 239.92 | 247.11 | 260.50 |
Camarilla | 227.06 | 228.95 | 230.83 | 232.72 | 234.61 | 236.49 | 238.38 |
Woodie | 201.85 | 207.50 | 222.43 | 228.08 | 243.01 | 248.66 | 263.59 |
Fibonacci | 205.95 | 213.82 | 218.67 | 226.53 | 234.40 | 239.25 | 247.11 |
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): | 48.61 | |
MACD (12,26,9): | -0.2200 | |
Directional Movement: | -2.17 | |
AROON (14): | -78.57 | |
DEMA (21): | 229.90 | |
Parabolic SAR (0,02-0,02-0,2): | 234.37 | |
Elder Ray (13): | -0.13 | |
Super Trend (3,10): | 232.89 | |
Zig ZAG (10): | 229.90 | |
VORTEX (21): | 0.9900 | |
Stochastique (14,3,5): | 21.52 | |
TEMA (21): | 229.74 | |
Williams %R (14): | -51.60 | |
Chande Momentum Oscillator (20): | 0.17 | |
Repulse (5,40,3): | 0.1400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 1.20 |
MA7: | 230.68 | |
MA20: | 232.31 | |
MA50: | 229.49 | |
MA100: | 229.07 | |
MAexp7: | 229.89 | |
MAexp20: | 230.14 | |
MAexp50: | 230.34 | |
MAexp100: | 230.48 | |
Price / MA7: | -0.30% | |
Price / MA20: | -1.00% | |
Price / MA50: | +0.21% | |
Price / MA100: | +0.40% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | -0.07% | |
Price / MAexp50: | -0.16% | |
Price / MAexp100: | -0.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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