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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 10/17/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 309.69 HUF
My targets
308.48 HUF (-0.75)
303.59 HUF (-5.64)
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 309.69 HUF. The sellers' bearish objective is set at 308.48 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 303.59 HUF. In case of crossing, the next objective would be the support located at 298.86 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4

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. Daily Weekly

Additional analysis

Quotes

CAD/HUF rating 309.23 HUF. On the day, this instrument lost -0.02% and was traded between 308.43 HUF and 311.59 HUF over the period. The price is currently at +0.26% from its lowest and -0.76% from its highest.

308.43
311.59
309.23

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 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 1H chart of CAD/HUF indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 283.17 298.86 308.48 309.23 311.89 315.39 320.37
Change (%) -8.43% -3.35% -0.24% - +0.86% +1.99% +3.60%
Change -26.06 -10.37 -0.75 - +2.66 +6.16 +11.14
Level Minor Intermediate Intermediate - Minor Minor 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
Standard294.11301.30305.29312.48316.47323.66327.65
Camarilla306.22307.24308.27309.29310.32311.34312.37
Woodie292.52300.50303.70311.68314.88322.86326.06
Fibonacci301.30305.57308.21312.48316.75319.39323.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard287.29297.88303.59314.18319.89330.48336.19
Camarilla304.81306.30307.80309.29310.78312.28313.77
Woodie284.84296.66301.14312.96317.44329.26333.74
Fibonacci297.88304.11307.96314.18320.41324.26330.48


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): 35.81
MACD (12,26,9): -0.7300
Directional Movement: -9.38
AROON (14): -28.57
DEMA (21): 309.20
Parabolic SAR (0,02-0,02-0,2): 311.59
Elder Ray (13): -0.21
Super Trend (3,10): 311.57
Zig ZAG (10): 308.92
VORTEX (21): 0.9600
Stochastique (14,3,5): 61.13
TEMA (21): 310.15
Williams %R (14): -85.13
Chande Momentum Oscillator (20): -0.07
Repulse (5,40,3): -0.7300
ROCnROLL: 2
TRIX (15,9): -0.0500
Courbe Coppock: 0.62
MA7: 316.58
MA20: 312.32
MA50: 309.47
MA100: 304.51
MAexp7: 310.25
MAexp20: 310.48
MAexp50: 312.97
MAexp100: 315.19
Price / MA7: -2.32%
Price / MA20: -0.99%
Price / MA50: -0.08%
Price / MA100: +1.55%
Price / MAexp7: -0.34%
Price / MAexp20: -0.41%
Price / MAexp50: -1.20%
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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Londinia
Londinia AI

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