CAD/HUF - 1H - Technical analysis published on 11/22/2019 (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
Court terme:
Bullish
De fond:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 227.01 HUF
My targets
228.53 HUF (+0.38%)
229.12 HUF (+0.64%)
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 227.01 HUF. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 228.53 HUF. Then the price could move towards 229.12 HUF. Then 229.68 HUF by extension. Be careful, a return below 227.01 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HUF price is 227.67 HUF. The price has increased by +0.00% since the last closing and was between 227.30 HUF and 228.20 HUF. This implies that the price is at +0.16% from its lowest and at -0.23% from its highest.227.30
228.20
227.67
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HUF chart shows a bullish trend. 64.29% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
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 | 225.81 | 226.63 | 227.01 | 227.67 | 228.53 | 229.12 | 229.68 |
| Change (%) | -0.82% | -0.46% | -0.29% | - | +0.38% | +0.64% | +0.88% |
| Change | -1.86 | -1.04 | -0.66 | - | +0.86 | +1.45 | +2.01 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 224.20 | 225.00 | 226.34 | 227.14 | 228.48 | 229.28 | 230.62 |
| Camarilla | 227.08 | 227.28 | 227.47 | 227.67 | 227.87 | 228.06 | 228.26 |
| Woodie | 224.46 | 225.14 | 226.60 | 227.28 | 228.74 | 229.42 | 230.88 |
| Fibonacci | 225.00 | 225.82 | 226.33 | 227.14 | 227.96 | 228.47 | 229.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 226.44 | 227.40 | 228.19 | 229.15 | 229.94 | 230.90 | 231.69 |
| Camarilla | 228.51 | 228.67 | 228.83 | 228.99 | 229.15 | 229.31 | 229.47 |
| Woodie | 226.37 | 227.36 | 228.12 | 229.11 | 229.87 | 230.86 | 231.62 |
| Fibonacci | 227.40 | 228.07 | 228.48 | 229.15 | 229.82 | 230.23 | 230.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 211.72 | 217.63 | 220.69 | 226.60 | 229.66 | 235.57 | 238.63 |
| Camarilla | 221.29 | 222.12 | 222.94 | 223.76 | 224.58 | 225.40 | 226.23 |
| Woodie | 210.31 | 216.92 | 219.28 | 225.89 | 228.25 | 234.86 | 237.22 |
| Fibonacci | 217.63 | 221.05 | 223.17 | 226.60 | 230.02 | 232.14 | 235.57 |
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): | 59.75 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 13.46 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 227.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 227.32 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 226.96 | |
| Zig ZAG (10): | 227.86 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 60.37 | |
| TEMA (21): | 227.93 | |
| Williams %R (14): | -46.67 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.03 |
| MA7: | 227.90 | |
| MA20: | 227.23 | |
| MA50: | 227.76 | |
| MA100: | 225.27 | |
| MAexp7: | 227.75 | |
| MAexp20: | 227.58 | |
| MAexp50: | 227.32 | |
| MAexp100: | 227.51 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | +1.07% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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