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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 - 1H - Technical analysis published on 10/10/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 320.37 HUF
My targets
321.50 HUF (+0.51)
324.60 HUF (+3.61)
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 320.37 HUF. The next resistance located at 321.50 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 324.60 HUF. After this resistance, buyers could then target 330.99 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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.

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15 min. Daily Weekly

Additional analysis

Quotes

CAD/HUF rating 320.99 HUF. On the day, this instrument gained +1.25% and was traded between 315.42 HUF and 321.08 HUF over the period. The price is currently at +1.77% from its lowest and -0.03% from its highest.

315.42
321.08
320.99

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



Here is a more detailed summary of the historical variations registered by CAD/HUF:
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


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 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

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 several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 318.21 319.11 320.37 320.99
Change (%) -0.87% -0.59% -0.19% -
Change -2.78 -1.88 -0.62 -
Level 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
Standard310.70312.37314.69316.36318.68320.35322.67
Camarilla315.92316.29316.65317.02317.39317.75318.12
Woodie311.04312.53315.03316.52319.02320.51323.01
Fibonacci312.37313.89314.83316.36317.88318.82320.35


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard300.45304.24310.63314.42320.81324.60330.99
Camarilla314.22315.15316.09317.02317.95318.89319.82
Woodie301.75304.89311.93315.07322.11325.25332.29
Fibonacci304.24308.13310.53314.42318.31320.71324.60


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard279.04288.46300.27309.69321.50330.92342.73
Camarilla306.24308.19310.13312.08314.03315.97317.92
Woodie280.24289.06301.47310.29322.70331.52343.93
Fibonacci288.46296.57301.58309.69317.80322.81330.92

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): 74.04
MACD (12,26,9): 1.1000
Directional Movement: 27.28
AROON (14): 85.72
DEMA (21): 319.40
Parabolic SAR (0,02-0,02-0,2): 317.53
Elder Ray (13): 1.48
Super Trend (3,10): 317.45
Zig ZAG (10): 320.26
VORTEX (21): 1.2400
Stochastique (14,3,5): 92.85
TEMA (21): 319.82
Williams %R (14): -7.18
Chande Momentum Oscillator (20): 3.44
Repulse (5,40,3): 0.4600
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 1.44
MA7: 314.39
MA20: 309.74
MA50: 308.01
MA100: 303.01
MAexp7: 319.35
MAexp20: 318.04
MAexp50: 316.40
MAexp100: 314.99
Price / MA7: +2.10%
Price / MA20: +3.63%
Price / MA50: +4.21%
Price / MA100: +5.93%
Price / MAexp7: +0.51%
Price / MAexp20: +0.93%
Price / MAexp50: +1.45%
Price / MAexp100: +1.90%

Quotes : - Real time data - Forex

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

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