CAD/HUF - 1H - Technical analysis published on 01/27/2020 (GMT)
- Who voted?
- 187
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 231.35 HUF
My targets
232.15 HUF (+0.40)
234.09 HUF (+2.34)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/HUF. As long as you are above the support located at 231.35 HUF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 232.15 HUF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 234.09 HUF as an objective. Crossing it would then enable buyers to target 235.49 HUF. If the support 231.35 HUF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
3
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HUF rating is 231.75 HUF. The price has increased by -0.14% since the last closing and was between 231.47 HUF and 232.20 HUF. This implies that the price is at +0.12% from its lowest and at -0.19% from its highest.231.47
232.20
231.75
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HUF in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 229.41 | 230.30 | 231.35 | 231.75 | 232.15 | 244.57 |
| Change (%) | -1.01% | -0.63% | -0.17% | - | +0.17% | +5.53% |
| Change | -2.34 | -1.45 | -0.40 | - | +0.40 | +12.82 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 230.40 | 230.88 | 231.47 | 231.95 | 232.54 | 233.02 | 233.61 |
| Camarilla | 231.78 | 231.87 | 231.97 | 232.07 | 232.17 | 232.27 | 232.36 |
| Woodie | 230.47 | 230.91 | 231.54 | 231.98 | 232.61 | 233.05 | 233.68 |
| Fibonacci | 230.88 | 231.29 | 231.54 | 231.95 | 232.36 | 232.61 | 233.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 228.26 | 229.27 | 230.67 | 231.68 | 233.08 | 234.09 | 235.49 |
| Camarilla | 231.41 | 231.63 | 231.85 | 232.07 | 232.29 | 232.51 | 232.73 |
| Woodie | 228.46 | 229.37 | 230.87 | 231.78 | 233.28 | 234.19 | 235.69 |
| Fibonacci | 229.27 | 230.19 | 230.76 | 231.68 | 232.60 | 233.17 | 234.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.52 | 220.41 | 223.87 | 226.76 | 230.22 | 233.11 | 236.57 |
| Camarilla | 225.57 | 226.16 | 226.74 | 227.32 | 227.90 | 228.48 | 229.07 |
| Woodie | 217.80 | 220.55 | 224.15 | 226.90 | 230.50 | 233.25 | 236.85 |
| Fibonacci | 220.41 | 222.84 | 224.34 | 226.76 | 229.19 | 230.69 | 233.11 |
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): | 52.54 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 3.70 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 231.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 232.20 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 231.51 | |
| Zig ZAG (10): | 231.85 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 65.58 | |
| TEMA (21): | 231.78 | |
| Williams %R (14): | -45.21 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.07 |
| MA7: | 231.49 | |
| MA20: | 229.53 | |
| MA50: | 227.87 | |
| MA100: | 227.83 | |
| MAexp7: | 231.84 | |
| MAexp20: | 231.82 | |
| MAexp50: | 231.72 | |
| MAexp100: | 231.49 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +1.70% | |
| Price / MA100: | +1.72% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/HUF - 1H