CAD/HUF - 1H - Technical analysis published on 08/14/2024 (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
33%
28%
39%
My opinion
Bearish under 262.83 HUF
My targets
259.32 HUF (-1.63)
257.61 HUF (-3.34)
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 262.83 HUF. The next support located at 259.32 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 257.61 HUF. Below this support, sellers could then target 252.82 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The CAD/HUF rating is 260.95 HUF. The price is lower by -0.02% since the last closing with the lowest point at 260.35 HUF and the highest point at 261.46 HUF. The deviation from the price is +0.23% for the low point and -0.20% for the high point.260.35
261.46
260.95
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 HIGH record (1st january)
Type : Bullish
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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
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 | 252.82 | 257.61 | 259.32 | 260.95 | 261.01 | 262.83 | 264.44 |
| Change (%) | -3.12% | -1.28% | -0.62% | - | +0.02% | +0.72% | +1.34% |
| Change | -8.13 | -3.34 | -1.63 | - | +0.06 | +1.88 | +3.49 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 258.19 | 259.47 | 260.23 | 261.51 | 262.27 | 263.55 | 264.31 |
| Camarilla | 260.44 | 260.63 | 260.81 | 261.00 | 261.19 | 261.37 | 261.56 |
| Woodie | 257.94 | 259.34 | 259.98 | 261.38 | 262.02 | 263.42 | 264.06 |
| Fibonacci | 259.47 | 260.25 | 260.73 | 261.51 | 262.29 | 262.77 | 263.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.93 | 258.47 | 260.73 | 263.27 | 265.53 | 268.07 | 270.33 |
| Camarilla | 261.67 | 262.11 | 262.55 | 262.99 | 263.43 | 263.87 | 264.31 |
| Woodie | 255.79 | 258.40 | 260.59 | 263.20 | 265.39 | 268.00 | 270.19 |
| Fibonacci | 258.47 | 260.30 | 261.44 | 263.27 | 265.10 | 266.24 | 268.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 248.79 | 254.22 | 258.95 | 264.38 | 269.11 | 274.54 | 279.27 |
| Camarilla | 260.89 | 261.82 | 262.75 | 263.68 | 264.61 | 265.54 | 266.47 |
| Woodie | 248.44 | 254.05 | 258.60 | 264.21 | 268.76 | 274.37 | 278.92 |
| Fibonacci | 254.22 | 258.10 | 260.50 | 264.38 | 268.26 | 270.66 | 274.54 |
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): | 42.11 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -11.94 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 260.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 260.39 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 261.85 | |
| Zig ZAG (10): | 260.95 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 61.49 | |
| TEMA (21): | 260.82 | |
| Williams %R (14): | -48.65 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.17 |
| MA7: | 262.89 | |
| MA20: | 262.45 | |
| MA50: | 265.32 | |
| MA100: | 265.15 | |
| MAexp7: | 260.98 | |
| MAexp20: | 261.19 | |
| MAexp50: | 261.76 | |
| MAexp100: | 262.42 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -1.58% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.56% |
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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