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CAD/HUF
CAD HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADHUF
ISIN:

CAD/HUF - Daily - Technical analysis published on 08/02/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 295.53 HUF
My targets
306.71 HUF (+2.77)
314.95 HUF (+11.01)
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 295.53 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 295.53 HUF. The next bullish objective for buyers is set at 306.71 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 314.95 HUF. PS: if there is a bearish break in the support located at 295.53 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
2.3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

CAD/HUF rating 303.94 HUF. On the day, this instrument lost -0.01% and was traded between 303.29 HUF and 304.15 HUF over the period. The price is currently at +0.21% from its lowest and -0.07% from its highest.

303.29
304.15
303.94

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of CAD/HUF indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily



On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 276.80 283.39 288.86 303.94 314.95
Change (%) -8.93% -6.76% -4.96% - +3.62%
Change -27.14 -20.55 -15.08 - +11.01
Level Intermediate Minor Intermediate - Major



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
Standard295.28299.09301.54305.35307.80311.61314.06
Camarilla302.26302.83303.41303.98304.55305.13305.70
Woodie294.59298.75300.85305.01307.11311.27313.37
Fibonacci299.09301.49302.96305.35307.75309.22311.61


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard284.66291.92300.45307.71316.24323.50332.03
Camarilla304.64306.09307.53308.98310.43311.88313.32
Woodie285.30292.24301.09308.03316.88323.82332.67
Fibonacci291.92297.95301.68307.71313.74317.47323.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard270.91282.09295.53306.71320.15331.33344.77
Camarilla302.21304.47306.72308.98311.24313.49315.75
Woodie272.05282.66296.67307.28321.29331.90345.91
Fibonacci282.09291.49297.30306.71316.11321.92331.33

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): 50.93
MACD (12,26,9): 2.2000
Directional Movement: 6.89
AROON (14): -21.43
DEMA (21): 308.09
Parabolic SAR (0,02-0,02-0,2): 299.62
Elder Ray (13): -1.95
Super Trend (3,10): 295.68
Zig ZAG (10): 303.91
VORTEX (21): 1.0500
Stochastique (14,3,5): 37.34
TEMA (21): 306.90
Williams %R (14): -71.06
Chande Momentum Oscillator (20): -1.90
Repulse (5,40,3): -1.2000
ROCnROLL: -1
TRIX (15,9): 0.1400
Courbe Coppock: 1.61
MA7: 306.73
MA20: 306.80
MA50: 298.51
MA100: 287.08
MAexp7: 305.88
MAexp20: 304.68
MAexp50: 298.40
MAexp100: 288.53
Price / MA7: -0.91%
Price / MA20: -0.93%
Price / MA50: +1.82%
Price / MA100: +5.87%
Price / MAexp7: -0.63%
Price / MAexp20: -0.24%
Price / MAexp50: +1.86%
Price / MAexp100: +5.34%

Quotes : - Real time data - Forex

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

About author

Londinia
Londinia AI

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