CHF/HUF
CHF HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFHUF
ISIN:

CHF/HUF - Daily - Technical analysis published on 07/06/2020 (GMT)

  • Who voted?
  • 125
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 324.67 HUF
My targets
337.37 HUF (+6.22)
347.02 HUF (+15.87)
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 324.67 HUF. The next resistance located at 337.37 HUF is the next bullish target 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 347.02 HUF.

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
6.6

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:
15 min. 1H Weekly

Additional analysis

Quotes

The CHF/HUF rating is 331.15 HUF. On the day, this instrument lost -0.30% and was between 330.29 HUF and 333.82 HUF. This implies that the price is at +0.26% from its lowest and at -0.80% from its highest.

330.29
333.82
331.15

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of CHF/HUF indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 309.37 316.50 324.67 331.15 337.37 347.02
Change (%) -6.58% -4.42% -1.96% - +1.88% +4.79%
Change -21.78 -14.65 -6.48 - +6.22 +15.87
Level Intermediate Intermediate Major - Minor Major



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
Standard327.90328.98330.57331.65333.24334.32335.91
Camarilla331.42331.66331.91332.15332.40332.64332.88
Woodie328.15329.11330.82331.78333.49334.45336.16
Fibonacci328.98330.00330.63331.65332.67333.30334.32


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard322.74325.84328.99332.09335.24338.34341.49
Camarilla330.43331.00331.58332.15332.72333.30333.87
Woodie322.78325.85329.03332.10335.28338.35341.53
Fibonacci325.84328.22329.70332.09334.47335.95338.34


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard300.47307.78320.57327.88340.67347.98360.77
Camarilla327.84329.69331.53333.37335.21337.06338.90
Woodie303.22309.15323.32329.25343.42349.35363.52
Fibonacci307.78315.46320.20327.88335.56340.30347.98

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): 56.85
MACD (12,26,9): 1.6100
Directional Movement: 8.49
AROON (14): 64.29
DEMA (21): 330.44
Parabolic SAR (0,02-0,02-0,2): 334.93
Elder Ray (13): 2.12
Super Trend (3,10): 324.37
Zig ZAG (10): 331.11
VORTEX (21): 1.2300
Stochastique (14,3,5): 73.34
TEMA (21): 332.95
Williams %R (14): -26.25
Chande Momentum Oscillator (20): 6.82
Repulse (5,40,3): -0.3200
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 6.02
MA7: 332.29
MA20: 327.25
MA50: 328.73
MA100: 329.06
MAexp7: 331.27
MAexp20: 328.91
MAexp50: 328.38
MAexp100: 326.22
Price / MA7: -0.34%
Price / MA20: +1.19%
Price / MA50: +0.74%
Price / MA100: +0.64%
Price / MAexp7: -0.04%
Price / MAexp20: +0.68%
Price / MAexp50: +0.84%
Price / MAexp100: +1.51%

Quotes : 2020-07-06 07:08:04 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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

no pic

Comments

0 comments on the analysis CHF/HUF - Daily