CAD/HUF - 1H - Technical analysis published on 11/27/2022 (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
28%
50%
22%
My opinion
Bearish under 294.88 HUF
My targets
292.30 HUF (-1.39)
289.89 HUF (-3.80)
My analysis
CAD/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 294.88 HUF. The next support located at 292.30 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 289.89 HUF. Below this support, sellers could then target 283.39 HUF. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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Additional analysis
Quotes
CAD/HUF rating 293.69 HUF. On the day, this instrument lost -1.32% and was traded between 293.18 HUF and 298.24 HUF over the period. The price is currently at +0.17% from its lowest and -1.53% from its highest.293.18
298.24
293.69
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HUF in 1H shows a overall strongly bearish trend. 85.71% 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 does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 276.80 | 283.39 | 292.30 | 293.69 | 293.91 | 294.88 | 295.95 |
| Change (%) | -5.75% | -3.51% | -0.47% | - | +0.07% | +0.41% | +0.77% |
| Change | -16.89 | -10.30 | -1.39 | - | +0.22 | +1.19 | +2.26 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 289.80 | 292.05 | 294.83 | 297.08 | 299.86 | 302.11 | 304.89 |
| Camarilla | 296.24 | 296.70 | 297.16 | 297.62 | 298.08 | 298.54 | 299.00 |
| Woodie | 290.08 | 292.18 | 295.11 | 297.21 | 300.14 | 302.24 | 305.17 |
| Fibonacci | 292.05 | 293.97 | 295.16 | 297.08 | 299.00 | 300.19 | 302.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 279.64 | 285.87 | 289.89 | 296.12 | 300.14 | 306.37 | 310.39 |
| Camarilla | 291.08 | 292.02 | 292.96 | 293.90 | 294.84 | 295.78 | 296.72 |
| Woodie | 278.53 | 285.32 | 288.78 | 295.57 | 299.03 | 305.82 | 309.28 |
| Fibonacci | 285.87 | 289.79 | 292.21 | 296.12 | 300.04 | 302.46 | 306.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.69 | 281.62 | 292.92 | 308.85 | 320.15 | 336.08 | 347.38 |
| Camarilla | 296.73 | 299.23 | 301.72 | 304.22 | 306.72 | 309.21 | 311.71 |
| Woodie | 263.38 | 280.46 | 290.61 | 307.69 | 317.84 | 334.92 | 345.07 |
| Fibonacci | 281.62 | 292.02 | 298.45 | 308.85 | 319.25 | 325.68 | 336.08 |
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): | 34.48 | |
| MACD (12,26,9): | -0.8700 | |
| Directional Movement: | -14.94 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 294.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 296.47 | |
| Elder Ray (13): | -1.34 | |
| Super Trend (3,10): | 296.31 | |
| Zig ZAG (10): | 293.69 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 7.50 | |
| TEMA (21): | 293.51 | |
| Williams %R (14): | -89.51 | |
| Chande Momentum Oscillator (20): | -3.37 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.14 |
| MA7: | 295.76 | |
| MA20: | 297.90 | |
| MA50: | 304.79 | |
| MA100: | 305.84 | |
| MAexp7: | 294.15 | |
| MAexp20: | 295.35 | |
| MAexp50: | 295.91 | |
| MAexp100: | 295.95 | |
| Price / MA7: | -0.70% | |
| Price / MA20: | -1.41% | |
| Price / MA50: | -3.64% | |
| Price / MA100: | -3.97% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -0.76% |
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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