CHF/HUF - Daily - Technical analysis published on 04/06/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 391.94 HUF
My targets
372.38 HUF (-9.99)
364.60 HUF (-17.77)
My analysis
CHF/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 391.94 HUF. The next support located at 372.38 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 364.60 HUF. Below this support, sellers could then target 346.72 HUF. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HUF rating is 382.37 HUF. On the day, this instrument gained +0.25% with the lowest point at 380.29 HUF and the highest point at 382.64 HUF. The deviation from the price is +0.55% for the low point and -0.07% for the high point.380.29
382.64
382.37
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/HUF in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 | 334.35 | 346.72 | 372.38 | 382.37 | 391.94 | 404.87 | 425.21 |
| Change (%) | -12.56% | -9.32% | -2.61% | - | +2.50% | +5.88% | +11.20% |
| Change | -48.02 | -35.65 | -9.99 | - | +9.57 | +22.50 | +42.84 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | 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 | 375.30 | 377.05 | 379.22 | 380.97 | 383.14 | 384.89 | 387.06 |
| Camarilla | 380.32 | 380.68 | 381.04 | 381.40 | 381.76 | 382.12 | 382.48 |
| Woodie | 375.52 | 377.16 | 379.44 | 381.08 | 383.36 | 385.00 | 387.28 |
| Fibonacci | 377.05 | 378.54 | 379.47 | 380.97 | 382.46 | 383.39 | 384.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 365.03 | 372.47 | 377.10 | 384.54 | 389.17 | 396.61 | 401.24 |
| Camarilla | 378.41 | 379.52 | 380.62 | 381.73 | 382.84 | 383.94 | 385.05 |
| Woodie | 363.63 | 371.77 | 375.70 | 383.84 | 387.77 | 395.91 | 399.84 |
| Fibonacci | 372.47 | 377.08 | 379.93 | 384.54 | 389.15 | 392.00 | 396.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 323.48 | 347.47 | 364.60 | 388.59 | 405.72 | 429.71 | 446.84 |
| Camarilla | 370.42 | 374.19 | 377.96 | 381.73 | 385.50 | 389.27 | 393.04 |
| Woodie | 320.05 | 345.76 | 361.17 | 386.88 | 402.29 | 428.00 | 443.41 |
| Fibonacci | 347.47 | 363.18 | 372.88 | 388.59 | 404.30 | 414.00 | 429.71 |
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): | 43.03 | |
| MACD (12,26,9): | -2.3200 | |
| Directional Movement: | -0.33 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 383.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 389.51 | |
| Elder Ray (13): | -3.01 | |
| Super Trend (3,10): | 398.22 | |
| Zig ZAG (10): | 382.01 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 12.68 | |
| TEMA (21): | 381.68 | |
| Williams %R (14): | -85.15 | |
| Chande Momentum Oscillator (20): | -9.54 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 7.21 |
| MA7: | 381.33 | |
| MA20: | 389.38 | |
| MA50: | 387.50 | |
| MA100: | 397.31 | |
| MAexp7: | 382.37 | |
| MAexp20: | 385.47 | |
| MAexp50: | 389.14 | |
| MAexp100: | 394.41 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | -1.32% | |
| Price / MA100: | -3.76% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | -1.73% | |
| Price / MAexp100: | -3.05% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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