EUR/HUF - 1H - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 361.32 HUF
My targets
365.61 HUF (+2.78)
My analysis
The bullish trend is currently very strong on EUR/HUF. As long as the price remains above the support at 361.32 HUF, you could try to benefit from the boom. The first bullish objective is located at 365.61 HUF. The bullish momentum would be boosted by a break in this resistance. 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.
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
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 EUR/HUF price is 362.83 HUF. On the day, this instrument gained +0.69% with the lowest point at 359.95 HUF and the highest point at 363.51 HUF. The deviation from the price is +0.80% for the low point and -0.19% for the high point.359.95
363.51
362.83
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/HUF indicates that the overall trend is strongly bullish. 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 scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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 3
Type : Neutral
Timeframe : 1 hour
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 359.96 | 360.79 | 361.32 | 362.83 | 365.61 |
| Change (%) | -0.79% | -0.56% | -0.42% | - | +0.77% |
| Change | -2.87 | -2.04 | -1.51 | - | +2.78 |
| Level | Minor | Minor | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 357.95 | 358.75 | 359.56 | 360.36 | 361.17 | 361.97 | 362.78 |
| Camarilla | 359.92 | 360.07 | 360.21 | 360.36 | 360.51 | 360.66 | 360.80 |
| Woodie | 357.95 | 358.75 | 359.56 | 360.36 | 361.17 | 361.97 | 362.78 |
| Fibonacci | 358.75 | 359.37 | 359.75 | 360.36 | 360.98 | 361.36 | 361.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 353.06 | 354.91 | 357.63 | 359.48 | 362.20 | 364.05 | 366.77 |
| Camarilla | 359.10 | 359.52 | 359.94 | 360.36 | 360.78 | 361.20 | 361.62 |
| Woodie | 353.51 | 355.13 | 358.08 | 359.70 | 362.65 | 364.27 | 367.22 |
| Fibonacci | 354.91 | 356.65 | 357.73 | 359.48 | 361.22 | 362.30 | 364.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 334.25 | 339.07 | 347.19 | 352.01 | 360.13 | 364.95 | 373.07 |
| Camarilla | 351.74 | 352.93 | 354.11 | 355.30 | 356.49 | 357.67 | 358.86 |
| Woodie | 335.89 | 339.90 | 348.83 | 352.84 | 361.77 | 365.78 | 374.71 |
| Fibonacci | 339.07 | 344.02 | 347.07 | 352.01 | 356.96 | 360.01 | 364.95 |
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): | 69.59 | |
| MACD (12,26,9): | 0.7300 | |
| Directional Movement: | 24.25 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 362.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 361.44 | |
| Elder Ray (13): | 1.11 | |
| Super Trend (3,10): | 361.49 | |
| Zig ZAG (10): | 363.00 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 90.15 | |
| TEMA (21): | 363.08 | |
| Williams %R (14): | -20.62 | |
| Chande Momentum Oscillator (20): | 2.63 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.39 |
| MA7: | 359.40 | |
| MA20: | 357.77 | |
| MA50: | 351.91 | |
| MA100: | 350.84 | |
| MAexp7: | 362.63 | |
| MAexp20: | 361.62 | |
| MAexp50: | 360.80 | |
| MAexp100: | 360.03 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +3.10% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.78% |
Quotes :
2020-09-21 14:29:20
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Real time data
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Forex
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