CAD/HUF - 1H - Technical analysis published on 03/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 238.71 HUF
My targets
240.00 HUF (+0.83)
241.24 HUF (+2.07)
My analysis
CAD/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 238.71 HUF. The next resistance located at 240.00 HUF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 241.24 HUF. After this resistance, buyers could then target 244.57 HUF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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 price is 239.17 HUF. The price has increased by +0.09% since the last closing with the lowest point at 238.57 HUF and the highest point at 239.37 HUF. The deviation from the price is +0.25% for the low point and -0.08% for the high point.238.57
239.37
239.17
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 235.39 | 236.44 | 238.71 | 239.17 | 244.57 |
Change (%) | -1.58% | -1.14% | -0.19% | - | +2.26% |
Change | -3.78 | -2.73 | -0.46 | - | +5.40 |
Level | Intermediate | Intermediate | 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 | 233.53 | 234.66 | 236.81 | 237.94 | 240.09 | 241.22 | 243.37 |
Camarilla | 238.05 | 238.35 | 238.65 | 238.95 | 239.25 | 239.55 | 239.85 |
Woodie | 234.03 | 234.92 | 237.31 | 238.20 | 240.59 | 241.48 | 243.87 |
Fibonacci | 234.66 | 235.92 | 236.69 | 237.94 | 239.20 | 239.97 | 241.22 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 230.94 | 232.31 | 233.96 | 235.33 | 236.98 | 238.35 | 240.00 |
Camarilla | 234.79 | 235.07 | 235.34 | 235.62 | 235.90 | 236.17 | 236.45 |
Woodie | 231.09 | 232.38 | 234.11 | 235.40 | 237.13 | 238.42 | 240.15 |
Fibonacci | 232.31 | 233.46 | 234.17 | 235.33 | 236.48 | 237.19 | 238.35 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 223.71 | 226.52 | 231.07 | 233.88 | 238.43 | 241.24 | 245.79 |
Camarilla | 233.60 | 234.27 | 234.95 | 235.62 | 236.30 | 236.97 | 237.64 |
Woodie | 224.58 | 226.96 | 231.94 | 234.32 | 239.30 | 241.68 | 246.66 |
Fibonacci | 226.52 | 229.33 | 231.07 | 233.88 | 236.69 | 238.43 | 241.24 |
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): | 74.71 | |
MACD (12,26,9): | 0.5500 | |
Directional Movement: | 14.46 | |
AROON (14): | 100.00 | |
DEMA (21): | 239.33 | |
Parabolic SAR (0,02-0,02-0,2): | 238.62 | |
Elder Ray (13): | 0.35 | |
Super Trend (3,10): | 238.13 | |
Zig ZAG (10): | 239.29 | |
VORTEX (21): | 1.2600 | |
Stochastique (14,3,5): | 81.32 | |
TEMA (21): | 239.39 | |
Williams %R (14): | -9.88 | |
Chande Momentum Oscillator (20): | 0.43 | |
Repulse (5,40,3): | 0.1300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0400 | |
Courbe Coppock: | 0.48 |
MA7: | 236.33 | |
MA20: | 234.15 | |
MA50: | 232.69 | |
MA100: | 232.53 | |
MAexp7: | 239.02 | |
MAexp20: | 238.55 | |
MAexp50: | 237.59 | |
MAexp100: | 236.73 | |
Price / MA7: | +1.20% | |
Price / MA20: | +2.14% | |
Price / MA50: | +2.78% | |
Price / MA100: | +2.86% | |
Price / MAexp7: | +0.06% | |
Price / MAexp20: | +0.26% | |
Price / MAexp50: | +0.67% | |
Price / MAexp100: | +1.03% |
Quotes :
2021-03-02 08:10:58
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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