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CAD/HUF
CAD HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADHUF
ISIN:

CAD/HUF - 1H - Technical analysis published on 09/23/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 261.21 HUF
My targets
263.05 HUF (+1.01)
265.13 HUF (+3.09)
My analysis
A bullish trend on CAD/HUF both in substance and in the short term. A purchase could be considered as long as the price remains above 261.21 HUF. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 263.05 HUF. Then the price could move towards 265.13 HUF. Then 265.66 HUF by extension. Be careful, a return below 261.21 HUF would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/HUF price is 262.04 HUF. The price has increased by +0.95% since the last closing and was traded between 259.49 HUF and 262.24 HUF over the period. The price is currently at +0.98% from its lowest and -0.08% from its highest.

259.49
262.24
262.04

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 259.32 260.57 261.21 262.04 263.05 265.13 265.66
Change (%) -1.04% -0.56% -0.32% - +0.39% +1.18% +1.38%
Change -2.72 -1.47 -0.83 - +1.01 +3.09 +3.62
Level Major Intermediate Intermediate - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard257.80258.59259.08259.87260.36261.15261.64
Camarilla259.22259.34259.45259.57259.69259.81259.92
Woodie257.65258.52258.93259.80260.21261.08261.49
Fibonacci258.59259.08259.38259.87260.36260.66261.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard255.19257.28258.43260.52261.67263.76264.91
Camarilla258.68258.98259.27259.57259.87260.16260.46
Woodie254.71257.05257.95260.29261.19263.53264.43
Fibonacci257.28258.52259.29260.52261.76262.53263.76


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard252.62255.68259.68262.74266.74269.80273.80
Camarilla261.73262.38263.02263.67264.32264.96265.61
Woodie253.08255.92260.14262.98267.20270.04274.26
Fibonacci255.68258.38260.05262.74265.44267.11269.80

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): 74.83
MACD (12,26,9): 0.5100
Directional Movement: 26.89
AROON (14): 85.71
DEMA (21): 261.27
Parabolic SAR (0,02-0,02-0,2): 260.08
Elder Ray (13): 1.02
Super Trend (3,10): 260.84
Zig ZAG (10): 261.96
VORTEX (21): 1.3300
Stochastique (14,3,5): 92.43
TEMA (21): 261.81
Williams %R (14): -11.40
Chande Momentum Oscillator (20): 2.21
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 1.43
MA7: 261.01
MA20: 262.39
MA50: 262.16
MA100: 263.60
MAexp7: 261.56
MAexp20: 260.78
MAexp50: 260.51
MAexp100: 260.76
Price / MA7: +0.39%
Price / MA20: -0.13%
Price / MA50: -0.05%
Price / MA100: -0.59%
Price / MAexp7: +0.18%
Price / MAexp20: +0.48%
Price / MAexp50: +0.59%
Price / MAexp100: +0.49%

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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Londinia AI

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