CHF/HUF - 1H - Technical analysis published on 03/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 339.67 HUF
My targets
343.41 HUF (+3.09)
348.39 HUF (+8.07)
My analysis
The bullish trend is currently very strong on CHF/HUF. As long as the price remains above the support at 339.67 HUF, you could try to benefit from the boom. The first bullish objective is located at 343.41 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 348.39 HUF as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.4
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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 340.32 HUF. The price has increased by +0.48% since the last closing with the lowest point at 338.21 HUF and the highest point at 340.92 HUF. The deviation from the price is +0.62% for the low point and -0.18% for the high point.338.21
340.92
340.32
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
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. The overall trend is supported by the strong bullish signals from 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, 13 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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 336.76 | 338.43 | 339.67 | 340.32 | 340.65 |
| Change (%) | -1.05% | -0.56% | -0.19% | - | +0.10% |
| Change | -3.56 | -1.89 | -0.65 | - | +0.33 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 331.42 | 333.65 | 336.18 | 338.41 | 340.94 | 343.17 | 345.70 |
| Camarilla | 337.40 | 337.84 | 338.27 | 338.71 | 339.15 | 339.58 | 340.02 |
| Woodie | 331.57 | 333.73 | 336.33 | 338.49 | 341.09 | 343.25 | 345.85 |
| Fibonacci | 333.65 | 335.47 | 336.59 | 338.41 | 340.23 | 341.35 | 343.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 322.83 | 326.37 | 331.35 | 334.89 | 339.87 | 343.41 | 348.39 |
| Camarilla | 333.99 | 334.77 | 335.55 | 336.33 | 337.11 | 337.89 | 338.67 |
| Woodie | 323.55 | 326.73 | 332.07 | 335.25 | 340.59 | 343.77 | 349.11 |
| Fibonacci | 326.37 | 329.63 | 331.64 | 334.89 | 338.15 | 340.16 | 343.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 306.41 | 309.71 | 313.81 | 317.11 | 321.21 | 324.51 | 328.61 |
| Camarilla | 315.88 | 316.55 | 317.23 | 317.91 | 318.59 | 319.27 | 319.95 |
| Woodie | 306.81 | 309.91 | 314.21 | 317.31 | 321.61 | 324.71 | 329.01 |
| Fibonacci | 309.71 | 312.54 | 314.28 | 317.11 | 319.94 | 321.68 | 324.51 |
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): | 60.15 | |
| MACD (12,26,9): | 0.4800 | |
| Directional Movement: | 10.26 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 339.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 338.42 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 337.49 | |
| Zig ZAG (10): | 339.90 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 70.11 | |
| TEMA (21): | 339.85 | |
| Williams %R (14): | -33.95 | |
| Chande Momentum Oscillator (20): | 0.78 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.48 |
| MA7: | 335.69 | |
| MA20: | 327.57 | |
| MA50: | 320.84 | |
| MA100: | 312.97 | |
| MAexp7: | 339.83 | |
| MAexp20: | 339.27 | |
| MAexp50: | 338.14 | |
| MAexp100: | 336.73 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +3.89% | |
| Price / MA50: | +6.07% | |
| Price / MA100: | +8.74% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +1.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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