CHF/HUF - 1H - Technical analysis published on 05/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 330.46 HUF
My targets
331.76 HUF (+0.74)
333.42 HUF (+2.40)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/HUF as long as the price remains well above 330.46 HUF. The buyers” bullish objective is set at 331.76 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 333.42 HUF. If there is any crossing, the next objective would be the resistance located at 336.10 HUF.
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
6.3
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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 CHF/HUF rating is 331.02 HUF. The price registered a decrease of +0.16% on the session with the lowest point at 330.10 HUF and the highest point at 331.53 HUF. The deviation from the price is +0.28% for the low point and -0.15% for the high point.330.10
331.53
331.02
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HUF:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHF/HUF chart shows a bullish trend. The signals returned by the moving averages are 75% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 328.29 | 329.19 | 330.46 | 331.02 | 331.76 | 333.42 | 336.10 |
| Change (%) | -0.82% | -0.55% | -0.17% | - | +0.22% | +0.73% | +1.53% |
| Change | -2.73 | -1.83 | -0.56 | - | +0.74 | +2.40 | +5.08 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | 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 | 324.30 | 325.81 | 328.16 | 329.67 | 332.02 | 333.53 | 335.88 |
| Camarilla | 329.44 | 329.79 | 330.15 | 330.50 | 330.85 | 331.21 | 331.56 |
| Woodie | 324.71 | 326.02 | 328.57 | 329.88 | 332.43 | 333.74 | 336.29 |
| Fibonacci | 325.81 | 327.29 | 328.20 | 329.67 | 331.15 | 332.06 | 333.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 314.65 | 320.75 | 325.62 | 331.72 | 336.59 | 342.69 | 347.56 |
| Camarilla | 327.48 | 328.49 | 329.49 | 330.50 | 331.51 | 332.51 | 333.52 |
| Woodie | 314.05 | 320.44 | 325.02 | 331.41 | 335.99 | 342.38 | 346.96 |
| Fibonacci | 320.75 | 324.94 | 327.53 | 331.72 | 335.91 | 338.50 | 342.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 308.77 | 320.29 | 326.85 | 338.37 | 344.93 | 356.45 | 363.01 |
| Camarilla | 328.45 | 330.11 | 331.76 | 333.42 | 335.08 | 336.74 | 338.39 |
| Woodie | 306.30 | 319.05 | 324.38 | 337.13 | 342.46 | 355.21 | 360.54 |
| Fibonacci | 320.29 | 327.19 | 331.46 | 338.37 | 345.27 | 349.54 | 356.45 |
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): | 59.29 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | 12.47 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 331.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 330.13 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 329.85 | |
| Zig ZAG (10): | 330.98 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 70.40 | |
| TEMA (21): | 331.19 | |
| Williams %R (14): | -34.27 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.18 |
| MA7: | 331.34 | |
| MA20: | 333.39 | |
| MA50: | 335.55 | |
| MA100: | 325.40 | |
| MAexp7: | 330.95 | |
| MAexp20: | 330.56 | |
| MAexp50: | 330.09 | |
| MAexp100: | 330.53 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.71% | |
| Price / MA50: | -1.35% | |
| Price / MA100: | +1.73% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
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