CAD/HUF
CAD HUF
- HUF (-)
- Real time data - Forex
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Type: Forex
Ticker: CADHUF
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CAD/HUF - 1H - Technical analysis published on 08/28/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 227.99 HUF
My targets
230.52 HUF (+1.58)
232.44 HUF (+3.50)
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 227.99 HUF remains possible. It is advisable to trade CAD/HUF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 227.99 HUF. The next bullish objective for buyers is set at 230.52 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 232.44 HUF. If there is any crossing, the next objective would be the resistance located at 236.51 HUF. PS: if there is a bearish break in the support located at 227.99 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/HUF rating is 228.94 HUF. The price is lower by -0.30% since the last closing and was between 228.59 HUF and 229.75 HUF. This implies that the price is at +0.15% from its lowest and at -0.35% from its highest.

228.59
229.75
228.94

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is bullish. 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 currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 226.63 227.99 228.84 228.94 230.52 232.44 236.51
Change (%) -1.01% -0.41% -0.04% - +0.69% +1.53% +3.31%
Change -2.31 -0.95 -0.10 - +1.58 +3.50 +7.57
Level Major Minor Intermediate - Intermediate 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
Standard225.71226.85228.24229.38230.77231.91233.30
Camarilla228.93229.17229.40229.63229.86230.09230.33
Woodie225.84226.91228.37229.44230.90231.97233.43
Fibonacci226.85227.82228.41229.38230.35230.94231.91


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard215.79217.91221.81223.93227.83229.95233.85
Camarilla224.05224.60225.15225.70226.25226.80227.36
Woodie216.67218.36222.69224.38228.71230.40234.73
Fibonacci217.91220.21221.63223.93226.23227.65229.95


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard193.23204.38211.09222.24228.95240.10246.81
Camarilla212.90214.54216.17217.81219.45221.08222.72
Woodie191.02203.27208.88221.13226.74238.99244.60
Fibonacci204.38211.20215.41222.24229.06233.27240.10

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): 38.65
MACD (12,26,9): 0.0600
Directional Movement: -14.30
AROON (14): -100.00
DEMA (21): 229.47
Parabolic SAR (0,02-0,02-0,2): 230.42
Elder Ray (13): -0.39
Super Trend (3,10): 228.34
Zig ZAG (10): 228.90
VORTEX (21): 0.9900
Stochastique (14,3,5): 2.48
TEMA (21): 229.25
Williams %R (14): -91.39
Chande Momentum Oscillator (20): -0.92
Repulse (5,40,3): -0.3200
ROCnROLL: -1
TRIX (15,9): 0.0200
Courbe Coppock: 0.35
MA7: 226.85
MA20: 222.74
MA50: 225.53
MA100: 227.64
MAexp7: 229.27
MAexp20: 229.29
MAexp50: 228.72
MAexp100: 227.60
Price / MA7: +0.92%
Price / MA20: +2.78%
Price / MA50: +1.51%
Price / MA100: +0.57%
Price / MAexp7: -0.14%
Price / MAexp20: -0.15%
Price / MAexp50: +0.10%
Price / MAexp100: +0.59%

Quotes : 2020-08-28 06:13:38 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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