CAD/HUF - 1H - Technical analysis published on 08/20/2023 (GMT)
- 201
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 260.83 HUF
My targets
258.60 HUF (-1.72)
257.18 HUF (-3.14)
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 260.83 HUF. The next bearish objective for sellers is set at 258.60 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 257.18 HUF. If there is any crossing, the next objective would be the support located at 251.99 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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.
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 260.32 HUF. On the day, this instrument gained +0.31% and was between 259.26 HUF and 261.49 HUF. This implies that the price is at +0.41% from its lowest and at -0.45% from its highest.259.26
261.49
260.32
Here is a more detailed summary of the historical variations registered by CAD/HUF:
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 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. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 251.99 | 257.18 | 258.60 | 260.32 | 260.83 | 261.85 | 263.75 |
| Change (%) | -3.20% | -1.21% | -0.66% | - | +0.20% | +0.59% | +1.32% |
| Change | -8.33 | -3.14 | -1.72 | - | +0.51 | +1.53 | +3.43 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 255.56 | 257.29 | 258.40 | 260.13 | 261.24 | 262.97 | 264.08 |
| Camarilla | 258.74 | 259.00 | 259.26 | 259.52 | 259.78 | 260.04 | 260.30 |
| Woodie | 255.26 | 257.14 | 258.10 | 259.98 | 260.94 | 262.82 | 263.78 |
| Fibonacci | 257.29 | 258.37 | 259.04 | 260.13 | 261.21 | 261.88 | 262.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 251.71 | 255.36 | 257.44 | 261.09 | 263.17 | 266.82 | 268.90 |
| Camarilla | 257.94 | 258.47 | 259.00 | 259.52 | 260.05 | 260.57 | 261.10 |
| Woodie | 250.93 | 254.97 | 256.66 | 260.70 | 262.39 | 266.43 | 268.12 |
| Fibonacci | 255.36 | 257.55 | 258.90 | 261.09 | 263.28 | 264.63 | 266.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.29 | 245.11 | 256.05 | 261.87 | 272.81 | 278.63 | 289.57 |
| Camarilla | 262.37 | 263.91 | 265.44 | 266.98 | 268.52 | 270.05 | 271.59 |
| Woodie | 241.84 | 246.39 | 258.60 | 263.15 | 275.36 | 279.91 | 292.12 |
| Fibonacci | 245.11 | 251.52 | 255.47 | 261.87 | 268.28 | 272.23 | 278.63 |
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): | 33.48 | |
| MACD (12,26,9): | -0.5900 | |
| Directional Movement: | -15.80 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 259.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 259.80 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 260.95 | |
| Zig ZAG (10): | 259.52 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 18.68 | |
| TEMA (21): | 259.25 | |
| Williams %R (14): | -79.18 | |
| Chande Momentum Oscillator (20): | -1.34 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.21 |
| MA7: | 261.52 | |
| MA20: | 263.19 | |
| MA50: | 259.98 | |
| MA100: | 257.03 | |
| MAexp7: | 259.61 | |
| MAexp20: | 260.22 | |
| MAexp50: | 261.05 | |
| MAexp100: | 261.55 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.47% |
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