CAD/HUF - 1H - Technical analysis published on 04/01/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 232.70 HUF
My targets
236.47 HUF (+2.29)
242.00 HUF (+7.82)
My analysis
The bullish trend is currently very strong on CAD/HUF. As long as the price remains above the support at 232.70 HUF, you could try to benefit from the boom. The first bullish objective is located at 236.47 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 242.00 HUF as an objective. Crossing it would then enable buyers to target 244.57 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
6.8
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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
CAD/HUF rating 234.18 HUF. The price has increased by +0.63% since the last closing and was between 231.46 HUF and 237.31 HUF. This implies that the price is at +1.18% from its lowest and at -1.32% from its highest.231.46
237.31
234.18
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:
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CAD/HUF in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently bullish. 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
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 230.00 | 230.93 | 232.15 | 234.18 | 236.51 | 244.57 |
| Change (%) | -1.78% | -1.39% | -0.87% | - | +0.99% | +4.44% |
| Change | -4.18 | -3.25 | -2.03 | - | +2.33 | +10.39 |
| Level | Intermediate | Minor | Major | - | 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 | 224.89 | 226.86 | 229.79 | 231.76 | 234.69 | 236.66 | 239.59 |
| Camarilla | 231.37 | 231.82 | 232.27 | 232.72 | 233.17 | 233.62 | 234.07 |
| Woodie | 225.37 | 227.10 | 230.27 | 232.00 | 235.17 | 236.90 | 240.07 |
| Fibonacci | 226.86 | 228.73 | 229.89 | 231.76 | 233.63 | 234.79 | 236.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.10 | 217.87 | 223.40 | 227.17 | 232.70 | 236.47 | 242.00 |
| Camarilla | 226.37 | 227.23 | 228.08 | 228.93 | 229.78 | 230.64 | 231.49 |
| Woodie | 214.98 | 218.31 | 224.28 | 227.61 | 233.58 | 236.91 | 242.88 |
| Fibonacci | 217.87 | 221.42 | 223.62 | 227.17 | 230.72 | 232.92 | 236.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 198.76 | 205.95 | 219.34 | 226.53 | 239.92 | 247.11 | 260.50 |
| Camarilla | 227.06 | 228.95 | 230.83 | 232.72 | 234.61 | 236.49 | 238.38 |
| Woodie | 201.85 | 207.50 | 222.43 | 228.08 | 243.01 | 248.66 | 263.59 |
| Fibonacci | 205.95 | 213.82 | 218.67 | 226.53 | 234.40 | 239.25 | 247.11 |
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): | 57.78 | |
| MACD (12,26,9): | 1.1900 | |
| Directional Movement: | 11.64 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 235.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 233.58 | |
| Elder Ray (13): | 0.96 | |
| Super Trend (3,10): | 233.59 | |
| Zig ZAG (10): | 234.09 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 71.62 | |
| TEMA (21): | 235.66 | |
| Williams %R (14): | -53.16 | |
| Chande Momentum Oscillator (20): | 1.93 | |
| Repulse (5,40,3): | -0.6300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.26 |
| MA7: | 229.98 | |
| MA20: | 224.56 | |
| MA50: | 229.05 | |
| MA100: | 228.37 | |
| MAexp7: | 234.95 | |
| MAexp20: | 233.73 | |
| MAexp50: | 232.07 | |
| MAexp100: | 230.69 | |
| Price / MA7: | +1.83% | |
| Price / MA20: | +4.28% | |
| Price / MA50: | +2.24% | |
| Price / MA100: | +2.54% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +1.54% |
This member declared not having a position on this financial instrument or a related financial instrument.
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