CHF/HUF - 1H - Technical analysis published on 06/15/2020 (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:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 323.60 HUF
My targets
324.67 HUF (+0.50)
328.74 HUF (+4.57)
My analysis
CHF/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 323.60 HUF. The next resistance located at 324.67 HUF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 328.74 HUF. After this resistance, buyers could then target 331.66 HUF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7
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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 324.17 HUF. On the day, this instrument gained +0.25% and was traded between 323.33 HUF and 325.53 HUF over the period. The price is currently at +0.26% from its lowest and -0.42% from its highest.323.33
325.53
324.17
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HUF:
Technical
A technical analysis in 1H of this CHF/HUF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 318.62 | 321.08 | 323.60 | 324.17 | 324.67 | 331.66 | 337.37 |
| Change (%) | -1.71% | -0.95% | -0.18% | - | +0.15% | +2.31% | +4.07% |
| Change | -5.55 | -3.09 | -0.57 | - | +0.50 | +7.49 | +13.20 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | 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 | 288.94 | 289.79 | 290.86 | 291.71 | 292.78 | 293.63 | 294.70 |
| Camarilla | 291.40 | 291.58 | 291.75 | 291.93 | 292.11 | 292.28 | 292.46 |
| Woodie | 289.05 | 289.85 | 290.97 | 291.77 | 292.89 | 293.69 | 294.81 |
| Fibonacci | 289.79 | 290.52 | 290.98 | 291.71 | 292.44 | 292.90 | 293.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 288.67 | 290.92 | 292.84 | 295.09 | 297.01 | 299.26 | 301.18 |
| Camarilla | 293.60 | 293.99 | 294.37 | 294.75 | 295.13 | 295.52 | 295.90 |
| Woodie | 288.50 | 290.84 | 292.67 | 295.01 | 296.84 | 299.18 | 301.01 |
| Fibonacci | 290.92 | 292.52 | 293.50 | 295.09 | 296.69 | 297.67 | 299.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 305.69 | 314.77 | 319.66 | 328.74 | 333.63 | 342.71 | 347.60 |
| Camarilla | 320.72 | 322.00 | 323.28 | 324.56 | 325.84 | 327.12 | 328.40 |
| Woodie | 303.61 | 313.72 | 317.58 | 327.69 | 331.55 | 341.66 | 345.52 |
| Fibonacci | 314.77 | 320.10 | 323.40 | 328.74 | 334.07 | 337.37 | 342.71 |
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): | 52.04 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 8.48 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 324.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 325.53 | |
| Elder Ray (13): | -0.35 | |
| Super Trend (3,10): | 325.57 | |
| Zig ZAG (10): | 324.24 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 43.45 | |
| TEMA (21): | 324.26 | |
| Williams %R (14): | -63.18 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.28 |
| MA7: | 317.35 | |
| MA20: | 322.33 | |
| MA50: | 330.05 | |
| MA100: | 326.91 | |
| MAexp7: | 324.22 | |
| MAexp20: | 324.06 | |
| MAexp50: | 323.40 | |
| MAexp100: | 322.28 | |
| Price / MA7: | +2.15% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | -1.78% | |
| Price / MA100: | -0.84% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.59% |
Quotes :
2020-06-15 09:02:14
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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