CHF/HUF - Daily - Technical analysis published on 02/24/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 327.63 HUF
My targets
321.70 HUF (-3.54)
319.32 HUF (-5.92)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/HUF as long as the price remains well below 327.63 HUF. The sellers” bearish objective is set at 321.70 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 319.32 HUF. In case of crossing, the next objective would be the support located at 316.56 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.2
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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 325.24 HUF. The price registered a decrease of -0.26% on the session and was between 325.15 HUF and 326.22 HUF. This implies that the price is at +0.03% from its lowest and at -0.30% from its highest.325.15
326.22
325.24
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HUF:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/HUF in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 319.32 | 321.70 | 324.45 | 325.24 | 327.63 | 334.16 | 336.73 |
| Change (%) | -1.82% | -1.09% | -0.24% | - | +0.73% | +2.74% | +3.53% |
| Change | -5.92 | -3.54 | -0.79 | - | +2.39 | +8.92 | +11.49 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 320.96 | 323.40 | 324.74 | 327.18 | 328.52 | 330.96 | 332.30 |
| Camarilla | 325.03 | 325.38 | 325.72 | 326.07 | 326.42 | 326.76 | 327.11 |
| Woodie | 320.40 | 323.13 | 324.18 | 326.91 | 327.96 | 330.69 | 331.74 |
| Fibonacci | 323.40 | 324.85 | 325.74 | 327.18 | 328.63 | 329.52 | 330.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 325.70 | 327.74 | 328.84 | 330.88 | 331.98 | 334.02 | 335.12 |
| Camarilla | 329.07 | 329.35 | 329.64 | 329.93 | 330.22 | 330.51 | 330.79 |
| Woodie | 325.22 | 327.51 | 328.36 | 330.65 | 331.50 | 333.79 | 334.64 |
| Fibonacci | 327.74 | 328.94 | 329.68 | 330.88 | 332.08 | 332.82 | 334.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 320.35 | 324.68 | 327.80 | 332.13 | 335.25 | 339.58 | 342.70 |
| Camarilla | 328.86 | 329.54 | 330.23 | 330.91 | 331.59 | 332.28 | 332.96 |
| Woodie | 319.74 | 324.38 | 327.19 | 331.83 | 334.64 | 339.28 | 342.09 |
| Fibonacci | 324.68 | 327.53 | 329.29 | 332.13 | 334.98 | 336.74 | 339.58 |
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): | 31.51 | |
| MACD (12,26,9): | -1.0900 | |
| Directional Movement: | -17.34 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 328.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 332.90 | |
| Elder Ray (13): | -3.78 | |
| Super Trend (3,10): | 331.47 | |
| Zig ZAG (10): | 325.86 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 12.62 | |
| TEMA (21): | 328.28 | |
| Williams %R (14): | -93.39 | |
| Chande Momentum Oscillator (20): | -5.22 | |
| Repulse (5,40,3): | -1.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.73 |
| MA7: | 329.44 | |
| MA20: | 330.15 | |
| MA50: | 331.80 | |
| MA100: | 333.38 | |
| MAexp7: | 328.58 | |
| MAexp20: | 330.12 | |
| MAexp50: | 331.36 | |
| MAexp100: | 331.79 | |
| Price / MA7: | -1.27% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -1.98% | |
| Price / MA100: | -2.44% | |
| Price / MAexp7: | -1.01% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | -1.84% | |
| Price / MAexp100: | -1.97% |
Quotes :
2021-02-24 08:34:28
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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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