CAD/HUF - 1H - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 261.41 HUF
My targets
259.82 HUF (-0.87)
256.79 HUF (-3.90)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/HUF. As long as you are under the resistance located at 261.41 HUF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 259.82 HUF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 256.79 HUF as an objective. Crossing it would then enable sellers to target 252.02 HUF. If the resistance 261.41 HUF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HUF rating 260.69 HUF. The price registered a decrease of -0.02% on the session and was traded between 258.91 HUF and 261.22 HUF over the period. The price is currently at +0.69% from its lowest and -0.20% from its highest.258.91
261.22
260.69
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HUF chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 252.02 | 256.79 | 259.82 | 260.69 | 260.76 | 261.41 | 262.82 |
| Change (%) | -3.33% | -1.50% | -0.33% | - | +0.03% | +0.28% | +0.82% |
| Change | -8.67 | -3.90 | -0.87 | - | +0.07 | +0.72 | +2.13 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | 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 | 257.00 | 258.41 | 259.58 | 260.99 | 262.16 | 263.57 | 264.74 |
| Camarilla | 260.04 | 260.28 | 260.51 | 260.75 | 260.99 | 261.22 | 261.46 |
| Woodie | 256.88 | 258.35 | 259.46 | 260.93 | 262.04 | 263.51 | 264.62 |
| Fibonacci | 258.41 | 259.40 | 260.00 | 260.99 | 261.98 | 262.58 | 263.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.03 | 257.76 | 259.81 | 262.54 | 264.59 | 267.32 | 269.37 |
| Camarilla | 260.55 | 260.98 | 261.42 | 261.86 | 262.30 | 262.74 | 263.18 |
| Woodie | 254.69 | 257.59 | 259.47 | 262.37 | 264.25 | 267.15 | 269.03 |
| Fibonacci | 257.76 | 259.59 | 260.71 | 262.54 | 264.37 | 265.49 | 267.32 |
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): | 52.79 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | 4.09 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 260.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 259.04 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 258.88 | |
| Zig ZAG (10): | 260.72 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 83.98 | |
| TEMA (21): | 260.24 | |
| Williams %R (14): | -21.65 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.49 |
| MA7: | 262.00 | |
| MA20: | 265.64 | |
| MA50: | 265.89 | |
| MA100: | 262.99 | |
| MAexp7: | 260.41 | |
| MAexp20: | 260.44 | |
| MAexp50: | 260.98 | |
| MAexp100: | 261.69 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -1.86% | |
| Price / MA50: | -1.96% | |
| Price / MA100: | -0.87% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.38% |
Quotes :
-
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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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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