CHF/HUF - 1H - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 334.11 HUF
My targets
335.95 HUF (+1.40)
337.28 HUF (+2.73)
My analysis
CHF/HUF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 334.11 HUF, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 335.95 HUF. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 337.28 HUF would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 339.51 HUF. Beware of a possible return to under the support located at 334.11 HUF which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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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 price is 334.55 HUF. The price registered an increase of +0.02% on the session and was between 334.15 HUF and 334.87 HUF. This implies that the price is at +0.12% from its lowest and at -0.10% from its highest.334.15
334.87
334.55
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H chart of CHF/HUF indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced 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, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 328.26 | 332.00 | 334.11 | 334.55 | 335.95 | 337.28 | 339.51 |
| Change (%) | -1.88% | -0.76% | -0.13% | - | +0.42% | +0.82% | +1.48% |
| Change | -6.29 | -2.55 | -0.44 | - | +1.40 | +2.73 | +4.96 |
| Level | Minor | Intermediate | Major | - | Minor | 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 | 329.54 | 330.75 | 332.61 | 333.82 | 335.68 | 336.89 | 338.75 |
| Camarilla | 333.64 | 333.92 | 334.20 | 334.48 | 334.76 | 335.04 | 335.32 |
| Woodie | 329.88 | 330.91 | 332.95 | 333.98 | 336.02 | 337.05 | 339.09 |
| Fibonacci | 330.75 | 331.92 | 332.64 | 333.82 | 334.99 | 335.71 | 336.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 321.95 | 327.02 | 329.73 | 334.80 | 337.51 | 342.58 | 345.29 |
| Camarilla | 330.30 | 331.01 | 331.73 | 332.44 | 333.15 | 333.87 | 334.58 |
| Woodie | 320.77 | 326.43 | 328.55 | 334.21 | 336.33 | 341.99 | 344.11 |
| Fibonacci | 327.02 | 329.99 | 331.83 | 334.80 | 337.77 | 339.61 | 342.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 313.12 | 319.30 | 328.02 | 334.20 | 342.92 | 349.10 | 357.82 |
| Camarilla | 332.64 | 334.01 | 335.37 | 336.74 | 338.11 | 339.47 | 340.84 |
| Woodie | 314.39 | 319.94 | 329.29 | 334.84 | 344.19 | 349.74 | 359.09 |
| Fibonacci | 319.30 | 324.99 | 328.51 | 334.20 | 339.89 | 343.41 | 349.10 |
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): | 55.93 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 6.29 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 334.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 335.02 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 333.34 | |
| Zig ZAG (10): | 334.24 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 67.18 | |
| TEMA (21): | 334.85 | |
| Williams %R (14): | -26.50 | |
| Chande Momentum Oscillator (20): | 0.67 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.64 |
| MA7: | 335.46 | |
| MA20: | 334.76 | |
| MA50: | 328.98 | |
| MA100: | 327.84 | |
| MAexp7: | 334.48 | |
| MAexp20: | 334.09 | |
| MAexp50: | 333.84 | |
| MAexp100: | 334.40 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | +1.69% | |
| Price / MA100: | +2.05% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.04% |
Quotes :
2020-10-06 06:58:35
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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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