CAD/HUF - 1H - Technical analysis published on 12/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 276.26 HUF
My targets
273.51 HUF (-1.07)
271.13 HUF (-3.45)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 276.26 HUF remains possible. It is advisable to trade CAD/HUF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 276.26 HUF. The next bearish objective for sellers is set at 273.51 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 271.13 HUF. In case of crossing, the next objective would be the support located at 267.51 HUF. PS: if there is a bullish break in the resistance located at 276.26 HUF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HUF rating is 274.58 HUF. The price registered an increase of +0.46% on the session and was traded between 273.44 HUF and 274.61 HUF over the period. The price is currently at +0.42% from its lowest and -0.01% from its highest.273.44
274.61
274.58
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 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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/HUF in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 271.13 | 273.51 | 274.42 | 274.58 | 276.89 | 278.20 | 279.27 |
| Change (%) | -1.26% | -0.39% | -0.06% | - | +0.84% | +1.32% | +1.71% |
| Change | -3.45 | -1.07 | -0.16 | - | +2.31 | +3.62 | +4.69 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 269.64 | 271.30 | 272.31 | 273.97 | 274.98 | 276.64 | 277.65 |
| Camarilla | 272.60 | 272.84 | 273.09 | 273.33 | 273.58 | 273.82 | 274.06 |
| Woodie | 269.33 | 271.14 | 272.00 | 273.81 | 274.67 | 276.48 | 277.34 |
| Fibonacci | 271.30 | 272.32 | 272.95 | 273.97 | 274.99 | 275.62 | 276.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 267.08 | 270.02 | 271.67 | 274.61 | 276.26 | 279.20 | 280.85 |
| Camarilla | 272.07 | 272.49 | 272.91 | 273.33 | 273.75 | 274.17 | 274.59 |
| Woodie | 266.45 | 269.70 | 271.04 | 274.29 | 275.63 | 278.88 | 280.22 |
| Fibonacci | 270.02 | 271.77 | 272.85 | 274.61 | 276.36 | 277.44 | 279.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.80 | 261.77 | 269.98 | 276.95 | 285.16 | 292.13 | 300.34 |
| Camarilla | 274.03 | 275.42 | 276.81 | 278.20 | 279.59 | 280.98 | 282.38 |
| Woodie | 255.43 | 262.08 | 270.61 | 277.26 | 285.79 | 292.44 | 300.97 |
| Fibonacci | 261.77 | 267.57 | 271.15 | 276.95 | 282.75 | 286.33 | 292.13 |
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): | 35.51 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -13.97 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 273.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 273.96 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 274.91 | |
| Zig ZAG (10): | 273.33 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 21.51 | |
| TEMA (21): | 273.35 | |
| Williams %R (14): | -85.27 | |
| Chande Momentum Oscillator (20): | -1.35 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.99 |
| MA7: | 275.51 | |
| MA20: | 277.71 | |
| MA50: | 273.10 | |
| MA100: | 267.99 | |
| MAexp7: | 273.62 | |
| MAexp20: | 274.09 | |
| MAexp50: | 274.68 | |
| MAexp100: | 275.33 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | +2.46% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.27% |
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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