CAD/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADHUF
ISIN:

CAD/HUF - 1H - Technical analysis published on 07/02/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 248.38 HUF

My targets

250.86 HUF (+1.33)

253.94 HUF (+4.41)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/HUF as long as the price remains well above 248.38 HUF. The buyers' bullish objective is set at 250.86 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 253.94 HUF. If there is any crossing, the next objective would be the resistance located at 254.25 HUF.

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

3.4

Comment on the analysis

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.

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 249.53 HUF. On the day, this instrument gained +0.65% with the lowest point at 247.89 HUF and the highest point at 249.64 HUF. The deviation from the price is +0.66% for the low point and -0.04% for the high point.

247.89

249.64

249.53

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

Here is a more detailed summary of the historical variations registered by CAD/HUF:

The Central Records scanner for higher/lower results shows the following items:

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

Technical

Technical analysis of CAD/HUF in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

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

The Central Indicators scanner found this result concerning these indicators:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

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 resistance of channel

Type : Bearish

Timeframe : 1 hour

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	197.97	226.75	248.38	249.53	250.86	254.25	256.00
Change (%)	-20.66%	-9.13%	-0.46%	-	+0.53%	+1.89%	+2.59%
Change	-51.56	-22.78	-1.15	-	+1.33	+4.72	+6.47
Level	Intermediate	Minor	Major	-	Minor	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	245.44	246.62	247.28	248.46	249.12	250.30	250.96
Camarilla	247.42	247.59	247.76	247.93	248.10	248.27	248.44
Woodie	245.17	246.49	247.01	248.33	248.85	250.17	250.69
Fibonacci	246.62	247.33	247.76	248.46	249.17	249.60	250.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	237.52	242.66	245.73	250.87	253.94	259.08	262.15
Camarilla	246.54	247.30	248.05	248.80	249.55	250.31	251.06
Woodie	236.49	242.14	244.70	250.35	252.91	258.56	261.12
Fibonacci	242.66	245.80	247.73	250.87	254.01	255.94	259.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	233.35	240.58	244.83	252.06	256.31	263.54	267.79
Camarilla	245.93	246.99	248.04	249.09	250.14	251.20	252.25
Woodie	231.87	239.84	243.35	251.32	254.83	262.80	266.31
Fibonacci	240.58	244.96	247.67	252.06	256.44	259.15	263.54

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):	64.33
MACD (12,26,9):	0.0200
Directional Movement:	11.20
AROON (14):	100.00
DEMA (21):	248.54
Parabolic SAR (0,02-0,02-0,2):	248.22
Elder Ray (13):	0.52
Super Trend (3,10):	247.90
Zig ZAG (10):	249.43
VORTEX (21):	1.0700
Stochastique (14,3,5):	95.03
TEMA (21):	248.87
Williams %R (14):	-1.73
Chande Momentum Oscillator (20):	1.44
Repulse (5,40,3):	0.0600
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.34

MA7:	249.59
MA20:	253.77
MA50:	256.37
MA100:	258.69
MAexp7:	248.84
MAexp20:	248.41
MAexp50:	248.62
MAexp100:	249.30
Price / MA7:	-0.02%
Price / MA20:	-1.67%
Price / MA50:	-2.67%
Price / MA100:	-3.54%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.37%
Price / MAexp100:	+0.09%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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