CHF/HUF - 1H - Technical analysis published on 09/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 434.83 HUF
My targets
443.29 HUF (+7.53)
444.73 HUF (+8.97)
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 434.83 HUF. The next resistance located at 443.29 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 444.73 HUF. After this resistance, buyers could then target 455.47 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.
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
9.1
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Additional analysis
Quotes
The CHF/HUF price is 435.76 HUF. On the day, this instrument gained +1.76% and was traded between 427.54 HUF and 435.88 HUF over the period. The price is currently at +1.92% from its lowest and -0.03% from its highest.427.54
435.88
435.76
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/HUF in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 424.70 | 428.16 | 430.48 | 435.76 |
| Change (%) | -2.54% | -1.74% | -1.21% | - |
| Change | -11.06 | -7.60 | -5.28 | - |
| Level | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 419.69 | 422.19 | 425.22 | 427.72 | 430.75 | 433.25 | 436.28 |
| Camarilla | 426.72 | 427.23 | 427.73 | 428.24 | 428.75 | 429.25 | 429.76 |
| Woodie | 419.95 | 422.32 | 425.48 | 427.85 | 431.01 | 433.38 | 436.54 |
| Fibonacci | 422.19 | 424.31 | 425.61 | 427.72 | 429.84 | 431.14 | 433.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 393.55 | 402.01 | 414.19 | 422.65 | 434.83 | 443.29 | 455.47 |
| Camarilla | 420.70 | 422.60 | 424.49 | 426.38 | 428.27 | 430.16 | 432.06 |
| Woodie | 395.42 | 402.94 | 416.06 | 423.58 | 436.70 | 444.22 | 457.34 |
| Fibonacci | 402.01 | 409.89 | 414.76 | 422.65 | 430.53 | 435.40 | 443.29 |
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): | 68.83 | |
| MACD (12,26,9): | 1.6100 | |
| Directional Movement: | 14.15 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 432.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 428.27 | |
| Elder Ray (13): | 2.96 | |
| Super Trend (3,10): | 428.61 | |
| Zig ZAG (10): | 435.16 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 88.59 | |
| TEMA (21): | 433.45 | |
| Williams %R (14): | -7.00 | |
| Chande Momentum Oscillator (20): | 6.89 | |
| Repulse (5,40,3): | 0.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.06 |
| MA7: | 426.42 | |
| MA20: | 418.61 | |
| MA50: | 415.49 | |
| MA100: | 402.56 | |
| MAexp7: | 432.75 | |
| MAexp20: | 430.52 | |
| MAexp50: | 428.72 | |
| MAexp100: | 426.96 | |
| Price / MA7: | +2.19% | |
| Price / MA20: | +4.10% | |
| Price / MA50: | +4.88% | |
| Price / MA100: | +8.25% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +1.64% | |
| Price / MAexp100: | +2.06% |
Quotes :
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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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