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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 11/21/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 296.84 HUF
My targets
300.10 HUF (+1.51)
300.94 HUF (+2.35)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/HUF as long as the price remains well above 296.84 HUF. The buyers' bullish objective is set at 300.10 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 300.94 HUF. If there is any crossing, the next objective would be the resistance located at 302.36 HUF.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7

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

The CAD/HUF rating is 298.59 HUF. The price registered an increase of +1.60% on the session with the lowest point at 294.13 HUF and the highest point at 298.88 HUF. The deviation from the price is +1.52% for the low point and -0.10% for the high point.

294.13
298.88
298.59

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/HUF chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 292.14 294.18 296.84 298.59 300.10 300.94 302.36
Change (%) -2.16% -1.48% -0.59% - +0.51% +0.79% +1.26%
Change -6.45 -4.41 -1.75 - +1.51 +2.35 +3.77
Level Intermediate Intermediate Minor - Intermediate Intermediate 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
Standard284.42288.27291.08294.93297.74301.59304.40
Camarilla292.07292.68293.29293.90294.51295.12295.73
Woodie283.91288.01290.57294.67297.23301.33303.89
Fibonacci288.27290.81292.38294.93297.47299.04301.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard279.64285.87289.89296.12300.14306.37310.39
Camarilla291.08292.02292.96293.90294.84295.78296.72
Woodie278.53285.32288.78295.57299.03305.82309.28
Fibonacci285.87289.79292.21296.12300.04302.46306.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard265.69281.62292.92308.85320.15336.08347.38
Camarilla296.73299.23301.72304.22306.72309.21311.71
Woodie263.38280.46290.61307.69317.84334.92345.07
Fibonacci281.62292.02298.45308.85319.25325.68336.08

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 74.84
MACD (12,26,9): 0.2800
Directional Movement: 22.55
AROON (14): 100.00
DEMA (21): 295.67
Parabolic SAR (0,02-0,02-0,2): 294.79
Elder Ray (13): 1.77
Super Trend (3,10): 294.61
Zig ZAG (10): 298.68
VORTEX (21): 1.1200
Stochastique (14,3,5): 92.74
TEMA (21): 296.30
Williams %R (14): -7.30
Chande Momentum Oscillator (20): 3.94
Repulse (5,40,3): 1.2300
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 1.48
MA7: 296.98
MA20: 299.45
MA50: 305.73
MA100: 306.29
MAexp7: 296.33
MAexp20: 295.55
MAexp50: 295.80
MAexp100: 296.14
Price / MA7: +0.54%
Price / MA20: -0.29%
Price / MA50: -2.34%
Price / MA100: -2.51%
Price / MAexp7: +0.76%
Price / MAexp20: +1.03%
Price / MAexp50: +0.94%
Price / MAexp100: +0.83%

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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