EUR/HUF - 1H - Technical analysis published on 04/27/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 353.59 HUF and 356.01 HUF
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on EUR/HUF. It is difficult to advise a trading direction under these conditions. The first support is located at 353.59 HUF. The first resistance is located at 356.01 HUF. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 EUR/HUF rating is 355.26 HUF. On the day, this instrument gained -0.07% and was between 353.57 HUF and 356.33 HUF. This implies that the price is at +0.48% from its lowest and at -0.30% from its highest.353.57
356.33
355.26
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
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 EUR/HUF in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 350.16 | 353.59 | 355.00 | 355.26 | 356.01 | 356.73 | 357.86 |
| Change (%) | -1.44% | -0.47% | -0.07% | - | +0.21% | +0.41% | +0.73% |
| Change | -5.10 | -1.67 | -0.26 | - | +0.75 | +1.47 | +2.60 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 349.47 | 351.53 | 353.51 | 355.57 | 357.55 | 359.61 | 361.59 |
| Camarilla | 354.38 | 354.75 | 355.12 | 355.49 | 355.86 | 356.23 | 356.60 |
| Woodie | 349.43 | 351.51 | 353.47 | 355.55 | 357.51 | 359.59 | 361.55 |
| Fibonacci | 351.53 | 353.07 | 354.03 | 355.57 | 357.11 | 358.07 | 359.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 344.66 | 348.07 | 351.78 | 355.19 | 358.90 | 362.31 | 366.02 |
| Camarilla | 353.53 | 354.19 | 354.84 | 355.49 | 356.14 | 356.80 | 357.45 |
| Woodie | 344.81 | 348.15 | 351.93 | 355.27 | 359.05 | 362.39 | 366.17 |
| Fibonacci | 348.07 | 350.79 | 352.47 | 355.19 | 357.91 | 359.59 | 362.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 315.31 | 324.74 | 342.92 | 352.35 | 370.53 | 379.96 | 398.14 |
| Camarilla | 353.50 | 356.03 | 358.56 | 361.09 | 363.62 | 366.15 | 368.68 |
| Woodie | 319.68 | 326.93 | 347.29 | 354.54 | 374.90 | 382.15 | 402.51 |
| Fibonacci | 324.74 | 335.29 | 341.81 | 352.35 | 362.90 | 369.42 | 379.96 |
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): | 50.43 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | 0.46 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 354.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 353.66 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 353.06 | |
| Zig ZAG (10): | 355.24 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 72.49 | |
| TEMA (21): | 354.64 | |
| Williams %R (14): | -28.32 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.47 |
| MA7: | 354.95 | |
| MA20: | 356.77 | |
| MA50: | 348.51 | |
| MA100: | 341.13 | |
| MAexp7: | 354.81 | |
| MAexp20: | 355.03 | |
| MAexp50: | 355.53 | |
| MAexp100: | 355.42 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | +1.94% | |
| Price / MA100: | +4.14% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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