EUR/HUF - 1H - Technical analysis published on 05/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 349.43 HUF
My targets
348.39 HUF (-0.47)
347.59 HUF (-1.27)
My analysis
EUR/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 349.43 HUF. The next support located at 348.39 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 347.59 HUF. Below this support, sellers could then target 340.00 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.3
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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 348.86 HUF. On the day, this instrument lost -0.59% with the lowest point at 348.77 HUF and the highest point at 351.11 HUF. The deviation from the price is +0.03% for the low point and -0.64% for the high point.348.77
351.11
348.86
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this EUR/HUF chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 340.00 | 347.59 | 348.39 | 348.86 | 349.43 | 350.71 | 351.32 |
| Change (%) | -2.54% | -0.36% | -0.13% | - | +0.16% | +0.53% | +0.71% |
| Change | -8.86 | -1.27 | -0.47 | - | +0.57 | +1.85 | +2.46 |
| Level | Minor | Minor | Minor | - | Intermediate | Minor | 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 | 348.18 | 348.89 | 349.91 | 350.62 | 351.64 | 352.35 | 353.37 |
| Camarilla | 350.46 | 350.62 | 350.78 | 350.94 | 351.10 | 351.26 | 351.42 |
| Woodie | 348.35 | 348.97 | 350.08 | 350.70 | 351.81 | 352.43 | 353.54 |
| Fibonacci | 348.89 | 349.55 | 349.96 | 350.62 | 351.28 | 351.69 | 352.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 339.04 | 343.31 | 346.53 | 350.80 | 354.02 | 358.29 | 361.51 |
| Camarilla | 347.68 | 348.37 | 349.05 | 349.74 | 350.43 | 351.11 | 351.80 |
| Woodie | 338.51 | 343.05 | 346.00 | 350.54 | 353.49 | 358.03 | 360.98 |
| Fibonacci | 343.31 | 346.18 | 347.94 | 350.80 | 353.67 | 355.43 | 358.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 324.25 | 336.68 | 344.74 | 357.17 | 365.23 | 377.66 | 385.72 |
| Camarilla | 347.17 | 349.04 | 350.92 | 352.80 | 354.68 | 356.56 | 358.44 |
| Woodie | 322.07 | 335.59 | 342.56 | 356.08 | 363.05 | 376.57 | 383.54 |
| Fibonacci | 336.68 | 344.51 | 349.34 | 357.17 | 365.00 | 369.83 | 377.66 |
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): | 26.55 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -21.35 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 349.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 350.14 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 350.29 | |
| Zig ZAG (10): | 348.96 | |
| VORTEX (21): | 0.6900 | |
| Stochastique (14,3,5): | 5.85 | |
| TEMA (21): | 349.16 | |
| Williams %R (14): | -95.95 | |
| Chande Momentum Oscillator (20): | -2.00 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.88 |
| MA7: | 350.08 | |
| MA20: | 351.58 | |
| MA50: | 354.31 | |
| MA100: | 345.60 | |
| MAexp7: | 349.41 | |
| MAexp20: | 350.01 | |
| MAexp50: | 350.15 | |
| MAexp100: | 350.27 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | +0.94% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.40% |
Quotes :
2020-05-26 15:05:08
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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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