CAD/HUF - 1H - Technical analysis published on 03/12/2020 (GMT)
- Who voted?
- 209
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 218.42 HUF
My targets
222.55 HUF (+1.35)
223.49 HUF (+2.29)
My analysis
The bullish trend is currently very strong on CAD/HUF. As long as the price remains above the support at 218.42 HUF, you could try to benefit from the boom. The first bullish objective is located at 222.55 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 223.49 HUF as an objective. Crossing it would then enable buyers to target 226.63 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
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
CAD/HUF rating 221.20 HUF. The price registered a decrease of +1.86% on the session and was traded between 215.05 HUF and 221.50 HUF over the period. The price is currently at +2.86% from its lowest and -0.14% from its highest.215.05
221.50
221.20
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CAD/HUF in 1H shows a strongly overall bullish trend. 82.14% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 213.55 | 215.28 | 218.42 | 221.20 | 223.49 | 226.63 | 228.88 |
| Change (%) | -3.46% | -2.68% | -1.26% | - | +1.04% | +2.45% | +3.47% |
| Change | -7.65 | -5.92 | -2.78 | - | +2.29 | +5.43 | +7.68 |
| Level | Major | Intermediate | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.36 | 213.46 | 215.31 | 216.41 | 218.26 | 219.36 | 221.21 |
| Camarilla | 216.35 | 216.62 | 216.89 | 217.16 | 217.43 | 217.70 | 217.97 |
| Woodie | 212.74 | 213.65 | 215.69 | 216.60 | 218.64 | 219.55 | 221.59 |
| Fibonacci | 213.46 | 214.59 | 215.28 | 216.41 | 217.54 | 218.23 | 219.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.84 | 213.23 | 217.26 | 223.65 | 227.68 | 234.07 | 238.10 |
| Camarilla | 218.43 | 219.38 | 220.34 | 221.29 | 222.25 | 223.20 | 224.16 |
| Woodie | 205.66 | 212.64 | 216.08 | 223.06 | 226.50 | 233.48 | 236.92 |
| Fibonacci | 213.23 | 217.21 | 219.67 | 223.65 | 227.63 | 230.09 | 234.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.08 | 222.55 | 225.86 | 231.33 | 234.64 | 240.11 | 243.42 |
| Camarilla | 226.75 | 227.55 | 228.36 | 229.16 | 229.97 | 230.77 | 231.58 |
| Woodie | 215.99 | 222.01 | 224.77 | 230.79 | 233.55 | 239.57 | 242.33 |
| Fibonacci | 222.55 | 225.91 | 227.98 | 231.33 | 234.69 | 236.76 | 240.11 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 77.63 | |
| MACD (12,26,9): | 0.9200 | |
| Directional Movement: | 19.20 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 218.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 216.85 | |
| Elder Ray (13): | 2.53 | |
| Super Trend (3,10): | 217.45 | |
| Zig ZAG (10): | 221.35 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 96.76 | |
| TEMA (21): | 219.55 | |
| Williams %R (14): | -1.91 | |
| Chande Momentum Oscillator (20): | 5.49 | |
| Repulse (5,40,3): | 1.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.25 |
| MA7: | 220.03 | |
| MA20: | 228.18 | |
| MA50: | 229.78 | |
| MA100: | 228.37 | |
| MAexp7: | 219.13 | |
| MAexp20: | 217.77 | |
| MAexp50: | 217.11 | |
| MAexp100: | 217.93 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | -3.06% | |
| Price / MA50: | -3.73% | |
| Price / MA100: | -3.14% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +1.88% | |
| Price / MAexp100: | +1.50% |
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