CAD/HUF - 1H - Technical analysis published on 02/28/2020 (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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 229.89 HUF
My targets
226.63 HUF (-2.10)
226.16 HUF (-2.57)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/HUF as long as the price remains well below 229.89 HUF. The sellers” bearish objective is set at 226.63 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 226.16 HUF. In case of crossing, the next objective would be the support located at 223.49 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.5
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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 228.73 HUF. The price is lower by -0.73% since the last closing and was between 228.33 HUF and 230.50 HUF. This implies that the price is at +0.18% from its lowest and at -0.77% from its highest.228.33
230.50
228.73
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 (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HUF in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 218.28 | 223.49 | 226.63 | 228.73 | 229.89 | 232.15 | 233.83 |
| Change (%) | -4.57% | -2.29% | -0.92% | - | +0.51% | +1.50% | +2.23% |
| Change | -10.45 | -5.24 | -2.10 | - | +1.16 | +3.42 | +5.10 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 225.43 | 227.75 | 229.08 | 231.40 | 232.73 | 235.05 | 236.38 |
| Camarilla | 229.42 | 229.75 | 230.09 | 230.42 | 230.76 | 231.09 | 231.42 |
| Woodie | 224.95 | 227.50 | 228.60 | 231.15 | 232.25 | 234.80 | 235.90 |
| Fibonacci | 227.75 | 229.14 | 230.00 | 231.40 | 232.79 | 233.65 | 235.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.02 | 230.97 | 232.91 | 234.86 | 236.80 | 238.75 | 240.69 |
| Camarilla | 233.78 | 234.14 | 234.49 | 234.85 | 235.21 | 235.56 | 235.92 |
| Woodie | 229.02 | 230.97 | 232.91 | 234.86 | 236.80 | 238.75 | 240.69 |
| Fibonacci | 230.97 | 232.46 | 233.37 | 234.86 | 236.35 | 237.26 | 238.75 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.11 | |
| MACD (12,26,9): | -0.8000 | |
| Directional Movement: | -20.48 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 228.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 229.64 | |
| Elder Ray (13): | -0.47 | |
| Super Trend (3,10): | 230.45 | |
| Zig ZAG (10): | 228.79 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 24.40 | |
| TEMA (21): | 228.77 | |
| Williams %R (14): | -75.34 | |
| Chande Momentum Oscillator (20): | -1.51 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.14 |
| MA7: | 233.38 | |
| MA20: | 233.06 | |
| MA50: | 230.81 | |
| MA100: | 228.84 | |
| MAexp7: | 229.29 | |
| MAexp20: | 229.99 | |
| MAexp50: | 231.40 | |
| MAexp100: | 232.62 | |
| Price / MA7: | -1.99% | |
| Price / MA20: | -1.86% | |
| Price / MA50: | -0.90% | |
| Price / MA100: | -0.05% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | -1.15% | |
| Price / MAexp100: | -1.67% |
This member declared not having a position on this financial instrument or a related financial instrument.
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