CAD/HUF - 1H - Technical analysis published on 02/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 235.05 HUF
My targets
237.47 HUF (+1.30)
240.58 HUF (+4.41)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/HUF as long as the price remains well above 235.05 HUF. The buyers” bullish objective is set at 237.47 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 240.58 HUF. If there is any crossing, the next objective would be the resistance located at 244.57 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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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 236.17 HUF. The price registered an increase of +1.17% on the session and was between 233.41 HUF and 236.25 HUF. This implies that the price is at +1.18% from its lowest and at -0.03% from its highest.233.41
236.25
236.17
Here is a more detailed summary of the historical variations registered by CAD/HUF:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HUF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 232.15 | 232.62 | 233.76 | 236.17 | 244.57 |
| Change (%) | -1.70% | -1.50% | -1.02% | - | +3.56% |
| Change | -4.02 | -3.55 | -2.41 | - | +8.40 |
| Level | Intermediate | Major | Intermediate | - | 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 | 231.61 | 232.11 | 232.77 | 233.27 | 233.93 | 234.43 | 235.09 |
| Camarilla | 233.12 | 233.23 | 233.33 | 233.44 | 233.55 | 233.65 | 233.76 |
| Woodie | 231.70 | 232.15 | 232.86 | 233.31 | 234.02 | 234.47 | 235.18 |
| Fibonacci | 232.11 | 232.55 | 232.82 | 233.27 | 233.71 | 233.98 | 234.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 226.16 | 227.51 | 229.93 | 231.28 | 233.70 | 235.05 | 237.47 |
| Camarilla | 231.30 | 231.65 | 231.99 | 232.34 | 232.69 | 233.03 | 233.38 |
| Woodie | 226.69 | 227.78 | 230.46 | 231.55 | 234.23 | 235.32 | 238.00 |
| Fibonacci | 227.51 | 228.95 | 229.84 | 231.28 | 232.72 | 233.61 | 235.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.95 | 222.65 | 226.16 | 229.86 | 233.37 | 237.07 | 240.58 |
| Camarilla | 227.69 | 228.35 | 229.01 | 229.67 | 230.33 | 230.99 | 231.65 |
| Woodie | 218.86 | 222.60 | 226.07 | 229.81 | 233.28 | 237.02 | 240.49 |
| Fibonacci | 222.65 | 225.40 | 227.11 | 229.86 | 232.61 | 234.32 | 237.07 |
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): | 90.60 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 43.71 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 235.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 234.22 | |
| Elder Ray (13): | 1.20 | |
| Super Trend (3,10): | 234.70 | |
| Zig ZAG (10): | 235.73 | |
| VORTEX (21): | 1.3900 | |
| Stochastique (14,3,5): | 94.92 | |
| TEMA (21): | 235.39 | |
| Williams %R (14): | -0.88 | |
| Chande Momentum Oscillator (20): | 1.94 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.25 |
| MA7: | 232.21 | |
| MA20: | 231.62 | |
| MA50: | 228.83 | |
| MA100: | 228.28 | |
| MAexp7: | 235.19 | |
| MAexp20: | 234.40 | |
| MAexp50: | 233.59 | |
| MAexp100: | 232.82 | |
| Price / MA7: | +1.71% | |
| Price / MA20: | +1.96% | |
| Price / MA50: | +3.21% | |
| Price / MA100: | +3.46% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +1.44% |
This member declared not having a position on this financial instrument or a related financial instrument.
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