CHF/HUF - Daily - Technical analysis published on 09/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 413.39 HUF
My targets
426.05 HUF (+8.96)
430.48 HUF (+13.39)
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 413.39 HUF. The buyers' bullish objective is set at 426.05 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 430.48 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HUF rating is 417.09 HUF. On the day, this instrument gained +1.16% and was traded between 410.46 HUF and 418.26 HUF over the period. The price is currently at +1.62% from its lowest and -0.28% from its highest.410.46
418.26
417.09
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 (1 year)
Type : Bullish
Timeframe : Weekly
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 this Daily chart of CHF/HUF indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 356.30 | 391.94 | 416.78 | 417.09 | 430.48 |
| Change (%) | -14.57% | -6.03% | -0.07% | - | +3.21% |
| Change | -60.79 | -25.15 | -0.31 | - | +13.39 |
| Level | Intermediate | Major | Major | - | 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 | 401.53 | 406.85 | 409.57 | 414.89 | 417.61 | 422.93 | 425.65 |
| Camarilla | 410.08 | 410.82 | 411.55 | 412.29 | 413.03 | 413.76 | 414.50 |
| Woodie | 400.23 | 406.20 | 408.27 | 414.24 | 416.31 | 422.28 | 424.35 |
| Fibonacci | 406.85 | 409.92 | 411.82 | 414.89 | 417.96 | 419.86 | 422.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 385.14 | 395.27 | 407.13 | 417.26 | 429.12 | 439.25 | 451.11 |
| Camarilla | 412.93 | 414.95 | 416.96 | 418.98 | 421.00 | 423.01 | 425.03 |
| Woodie | 386.00 | 395.70 | 407.99 | 417.69 | 429.98 | 439.68 | 451.97 |
| Fibonacci | 395.27 | 403.67 | 408.86 | 417.26 | 425.66 | 430.85 | 439.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 363.37 | 382.05 | 394.71 | 413.39 | 426.05 | 444.73 | 457.39 |
| Camarilla | 398.75 | 401.62 | 404.50 | 407.37 | 410.24 | 413.12 | 415.99 |
| Woodie | 360.36 | 380.55 | 391.70 | 411.89 | 423.04 | 443.23 | 454.38 |
| Fibonacci | 382.05 | 394.02 | 401.42 | 413.39 | 425.36 | 432.76 | 444.73 |
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): | 51.77 | |
| MACD (12,26,9): | 1.1400 | |
| Directional Movement: | -3.19 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 417.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 406.75 | |
| Elder Ray (13): | -1.97 | |
| Super Trend (3,10): | 429.60 | |
| Zig ZAG (10): | 417.05 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 52.40 | |
| TEMA (21): | 416.38 | |
| Williams %R (14): | -43.26 | |
| Chande Momentum Oscillator (20): | 5.59 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.22 |
| MA7: | 417.98 | |
| MA20: | 416.27 | |
| MA50: | 413.07 | |
| MA100: | 398.71 | |
| MAexp7: | 416.87 | |
| MAexp20: | 415.85 | |
| MAexp50: | 411.16 | |
| MAexp100: | 400.48 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +4.61% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +1.44% | |
| Price / MAexp100: | +4.15% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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