CAD/HUF - 1H - Technical analysis published on 10/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 268.92 HUF
My targets
265.83 HUF (-2.35)
264.93 HUF (-3.25)
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 268.92 HUF. The next support located at 265.83 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 264.93 HUF. Below this support, sellers could then target 256.72 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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Additional analysis
Quotes
CAD/HUF rating 268.18 HUF. The price is lower by -0.02% since the last closing and was between 267.79 HUF and 268.21 HUF. This implies that the price is at +0.15% from its lowest and at -0.01% from its highest.267.79
268.21
268.18
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bullish
Timeframe : Weekly
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 256.72 | 264.93 | 268.18 | 268.92 | 270.49 | 272.33 |
| Change (%) | -6.04% | -4.27% | -1.21% | - | +0.28% | +0.86% | +1.55% |
| Change | -16.19 | -11.46 | -3.25 | - | +0.74 | +2.31 | +4.15 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 259.79 | 263.71 | 265.97 | 269.89 | 272.15 | 276.07 | 278.33 |
| Camarilla | 266.53 | 267.10 | 267.66 | 268.23 | 268.80 | 269.36 | 269.93 |
| Woodie | 258.96 | 263.30 | 265.14 | 269.48 | 271.32 | 275.66 | 277.50 |
| Fibonacci | 263.71 | 266.07 | 267.53 | 269.89 | 272.25 | 273.71 | 276.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 261.16 | 265.83 | 268.59 | 273.26 | 276.02 | 280.69 | 283.45 |
| Camarilla | 269.32 | 270.00 | 270.68 | 271.36 | 272.04 | 272.72 | 273.40 |
| Woodie | 260.22 | 265.35 | 267.65 | 272.78 | 275.08 | 280.21 | 282.51 |
| Fibonacci | 265.83 | 268.67 | 270.42 | 273.26 | 276.10 | 277.85 | 280.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 242.93 | 251.24 | 261.30 | 269.61 | 279.67 | 287.98 | 298.04 |
| Camarilla | 266.31 | 267.99 | 269.68 | 271.36 | 273.04 | 274.73 | 276.41 |
| Woodie | 243.81 | 251.68 | 262.18 | 270.05 | 280.55 | 288.42 | 298.92 |
| Fibonacci | 251.24 | 258.26 | 262.59 | 269.61 | 276.63 | 280.96 | 287.98 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.69 | |
| MACD (12,26,9): | -0.6800 | |
| Directional Movement: | -10.37 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 267.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 268.38 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 269.56 | |
| Zig ZAG (10): | 268.15 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 22.64 | |
| TEMA (21): | 267.56 | |
| Williams %R (14): | -74.82 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.79 |
| MA7: | 271.80 | |
| MA20: | 269.07 | |
| MA50: | 265.15 | |
| MA100: | 261.35 | |
| MAexp7: | 268.13 | |
| MAexp20: | 268.71 | |
| MAexp50: | 269.78 | |
| MAexp100: | 270.76 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -0.95% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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