CAD/HUF - 1H - Technical analysis published on 05/18/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 254.88 HUF
My targets
255.91 HUF (+0.04)
258.37 HUF (+2.50)
My analysis
The bullish trend is currently very strong on CAD/HUF. As long as the price remains above the support at 254.88 HUF, you could try to benefit from the boom. The first bullish objective is located at 255.91 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 258.37 HUF as an objective. Crossing it would then enable buyers to target 259.86 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
8.8
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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 255.87 HUF. The price registered an increase of +0.96% on the session with the lowest point at 253.21 HUF and the highest point at 256.06 HUF. The deviation from the price is +1.05% for the low point and -0.07% for the high point.253.21
256.06
255.87
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 253.53 | 253.88 | 254.88 | 255.87 | 259.86 | 272.33 | 300.10 |
| Change (%) | -0.91% | -0.78% | -0.39% | - | +1.56% | +6.43% | +17.29% |
| Change | -2.34 | -1.99 | -0.99 | - | +3.99 | +16.46 | +44.23 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 248.40 | 249.98 | 251.71 | 253.29 | 255.02 | 256.60 | 258.33 |
| Camarilla | 252.52 | 252.82 | 253.13 | 253.43 | 253.73 | 254.04 | 254.34 |
| Woodie | 248.47 | 250.02 | 251.78 | 253.33 | 255.09 | 256.64 | 258.40 |
| Fibonacci | 249.98 | 251.25 | 252.03 | 253.29 | 254.56 | 255.34 | 256.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 248.35 | 249.86 | 250.87 | 252.38 | 253.39 | 254.90 | 255.91 |
| Camarilla | 251.20 | 251.43 | 251.66 | 251.89 | 252.12 | 252.35 | 252.58 |
| Woodie | 248.11 | 249.74 | 250.63 | 252.26 | 253.15 | 254.78 | 255.67 |
| Fibonacci | 249.86 | 250.82 | 251.41 | 252.38 | 253.34 | 253.93 | 254.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 230.47 | 238.97 | 244.42 | 252.92 | 258.37 | 266.87 | 272.32 |
| Camarilla | 246.04 | 247.32 | 248.60 | 249.88 | 251.16 | 252.44 | 253.72 |
| Woodie | 228.96 | 238.21 | 242.91 | 252.16 | 256.86 | 266.11 | 270.81 |
| Fibonacci | 238.97 | 244.30 | 247.59 | 252.92 | 258.25 | 261.54 | 266.87 |
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): | 76.74 | |
| MACD (12,26,9): | 0.6200 | |
| Directional Movement: | 33.36 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 254.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 253.36 | |
| Elder Ray (13): | 1.61 | |
| Super Trend (3,10): | 254.35 | |
| Zig ZAG (10): | 255.91 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 96.13 | |
| TEMA (21): | 255.02 | |
| Williams %R (14): | -6.32 | |
| Chande Momentum Oscillator (20): | 2.31 | |
| Repulse (5,40,3): | 0.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.76 |
| MA7: | 252.76 | |
| MA20: | 251.62 | |
| MA50: | 256.36 | |
| MA100: | 262.56 | |
| MAexp7: | 254.82 | |
| MAexp20: | 253.99 | |
| MAexp50: | 253.21 | |
| MAexp100: | 252.70 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +1.69% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | -2.55% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +1.05% | |
| Price / MAexp100: | +1.25% |
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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