CAD/HUF - 1H - Technical analysis published on 08/02/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 306.71 HUF
My targets
302.96 HUF (-0.97)
300.69 HUF (-3.24)
My analysis
All elements being clearly 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 306.71 HUF. The sellers' bearish objective is set at 302.96 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 300.69 HUF. In case of crossing, the next objective would be the support located at 299.18 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HUF rating 303.93 HUF. The price is lower by -0.02% since the last closing 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
303.93
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 CAD/HUF in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner found this result concerning these 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 these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 299.18 | 300.69 | 302.96 | 303.93 | 307.14 | 309.13 | 311.33 |
| Change (%) | -1.56% | -1.07% | -0.32% | - | +1.06% | +1.71% | +2.43% |
| Change | -4.75 | -3.24 | -0.97 | - | +3.21 | +5.20 | +7.40 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | 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 | 295.28 | 299.09 | 301.54 | 305.35 | 307.80 | 311.61 | 314.06 |
| Camarilla | 302.26 | 302.83 | 303.41 | 303.98 | 304.55 | 305.13 | 305.70 |
| Woodie | 294.59 | 298.75 | 300.85 | 305.01 | 307.11 | 311.27 | 313.37 |
| Fibonacci | 299.09 | 301.49 | 302.96 | 305.35 | 307.75 | 309.22 | 311.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 284.66 | 291.92 | 300.45 | 307.71 | 316.24 | 323.50 | 332.03 |
| Camarilla | 304.64 | 306.09 | 307.53 | 308.98 | 310.43 | 311.88 | 313.32 |
| Woodie | 285.30 | 292.24 | 301.09 | 308.03 | 316.88 | 323.82 | 332.67 |
| Fibonacci | 291.92 | 297.95 | 301.68 | 307.71 | 313.74 | 317.47 | 323.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 270.91 | 282.09 | 295.53 | 306.71 | 320.15 | 331.33 | 344.77 |
| Camarilla | 302.21 | 304.47 | 306.72 | 308.98 | 311.24 | 313.49 | 315.75 |
| Woodie | 272.05 | 282.66 | 296.67 | 307.28 | 321.29 | 331.90 | 345.91 |
| Fibonacci | 282.09 | 291.49 | 297.30 | 306.71 | 316.11 | 321.92 | 331.33 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.92 | |
| MACD (12,26,9): | -1.1300 | |
| Directional Movement: | -18.82 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 303.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 304.15 | |
| Elder Ray (13): | -0.60 | |
| Super Trend (3,10): | 306.23 | |
| Zig ZAG (10): | 303.91 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 20.13 | |
| TEMA (21): | 303.11 | |
| Williams %R (14): | -74.09 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.60 |
| MA7: | 306.75 | |
| MA20: | 306.80 | |
| MA50: | 298.51 | |
| MA100: | 287.09 | |
| MAexp7: | 303.98 | |
| MAexp20: | 304.92 | |
| MAexp50: | 306.57 | |
| MAexp100: | 307.06 | |
| Price / MA7: | -0.92% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | +1.82% | |
| Price / MA100: | +5.87% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.86% | |
| Price / MAexp100: | -1.02% |
Quotes :
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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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