CAD/HUF - 1H - Technical analysis published on 12/08/2022 (GMT)
- 161
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 287.89 HUF
My targets
290.88 HUF (+0.94)
292.85 HUF (+2.91)
My analysis
The strong short-term increase for CAD/HUF reinforces the current slightly bullish trend. As long as the price remains above 287.89 HUF, you could take advantage of this bullish acceleration. The first bullish objective is located at 290.88 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 292.85 HUF as an objective. Crossing it would then enable buyers to target 293.91 HUF. A return to 287.89 HUF would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5.2
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HUF price is 289.94 HUF. On the day, this instrument gained +1.29% and was between 285.94 HUF and 290.32 HUF. This implies that the price is at +1.40% from its lowest and at -0.13% from its highest.285.94
290.32
289.94
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HUF in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
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:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 276.80 | 283.39 | 287.89 | 289.94 | 290.88 | 292.85 | 293.91 |
| Change (%) | -4.53% | -2.26% | -0.71% | - | +0.32% | +1.00% | +1.37% |
| Change | -13.14 | -6.55 | -2.05 | - | +0.94 | +2.91 | +3.97 |
| Level | Major | Major | Minor | - | Minor | Intermediate | 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 | 278.19 | 281.17 | 283.71 | 286.69 | 289.23 | 292.21 | 294.75 |
| Camarilla | 284.73 | 285.24 | 285.74 | 286.25 | 286.76 | 287.26 | 287.77 |
| Woodie | 277.97 | 281.06 | 283.49 | 286.58 | 289.01 | 292.10 | 294.53 |
| Fibonacci | 281.17 | 283.28 | 284.58 | 286.69 | 288.80 | 290.10 | 292.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 278.52 | 283.20 | 286.26 | 290.94 | 294.00 | 298.68 | 301.74 |
| Camarilla | 287.18 | 287.89 | 288.60 | 289.31 | 290.02 | 290.73 | 291.44 |
| Woodie | 277.70 | 282.80 | 285.44 | 290.54 | 293.18 | 298.28 | 300.92 |
| Fibonacci | 283.20 | 286.16 | 287.99 | 290.94 | 293.90 | 295.73 | 298.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 267.19 | 277.54 | 285.13 | 295.48 | 303.07 | 313.42 | 321.01 |
| Camarilla | 287.79 | 289.43 | 291.08 | 292.72 | 294.37 | 296.01 | 297.65 |
| Woodie | 265.81 | 276.85 | 283.75 | 294.79 | 301.69 | 312.73 | 319.63 |
| Fibonacci | 277.54 | 284.39 | 288.63 | 295.48 | 302.33 | 306.57 | 313.42 |
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): | 69.82 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 25.40 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 287.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 286.16 | |
| Elder Ray (13): | 2.07 | |
| Super Trend (3,10): | 286.73 | |
| Zig ZAG (10): | 289.60 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 76.66 | |
| TEMA (21): | 288.34 | |
| Williams %R (14): | -19.18 | |
| Chande Momentum Oscillator (20): | 3.28 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.03 |
| MA7: | 289.57 | |
| MA20: | 293.36 | |
| MA50: | 301.61 | |
| MA100: | 304.25 | |
| MAexp7: | 288.19 | |
| MAexp20: | 287.35 | |
| MAexp50: | 287.58 | |
| MAexp100: | 288.52 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | -1.17% | |
| Price / MA50: | -3.87% | |
| Price / MA100: | -4.70% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +0.49% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/HUF - 1H