EUR/HUF - 1H - Technical analysis published on 10/14/2020 (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
67%
0%
33%
My opinion
Bullish above 361.96 HUF
My targets
365.61 HUF (+2.28)
My analysis
The bullish trend is currently very strong on EUR/HUF. As long as the price remains above the support at 361.96 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.
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
8.2
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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
EUR/HUF rating 363.33 HUF. The price registered an increase of +0.43% on the session and was traded between 361.74 HUF and 363.39 HUF over the period. The price is currently at +0.44% from its lowest and -0.02% from its highest.361.74
363.39
363.33
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HUF:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/HUF chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 360.34 | 361.23 | 361.96 | 363.33 | 365.61 |
| Change (%) | -0.82% | -0.58% | -0.38% | - | +0.63% |
| Change | -2.99 | -2.10 | -1.37 | - | +2.28 |
| Level | Minor | Minor | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 354.39 | 355.94 | 358.86 | 360.41 | 363.33 | 364.88 | 367.80 |
| Camarilla | 360.55 | 360.96 | 361.37 | 361.78 | 362.19 | 362.60 | 363.01 |
| Woodie | 355.08 | 356.28 | 359.55 | 360.75 | 364.02 | 365.22 | 368.49 |
| Fibonacci | 355.94 | 357.65 | 358.70 | 360.41 | 362.12 | 363.17 | 364.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 349.40 | 352.72 | 354.59 | 357.91 | 359.78 | 363.10 | 364.97 |
| Camarilla | 355.03 | 355.51 | 355.98 | 356.46 | 356.94 | 357.41 | 357.89 |
| Woodie | 348.68 | 352.36 | 353.87 | 357.55 | 359.06 | 362.74 | 364.25 |
| Fibonacci | 352.72 | 354.70 | 355.93 | 357.91 | 359.89 | 361.12 | 363.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 343.41 | 348.63 | 356.05 | 361.27 | 368.69 | 373.91 | 381.33 |
| Camarilla | 360.00 | 361.16 | 362.32 | 363.48 | 364.64 | 365.80 | 366.96 |
| Woodie | 344.52 | 349.18 | 357.16 | 361.82 | 369.80 | 374.46 | 382.44 |
| Fibonacci | 348.63 | 353.46 | 356.44 | 361.27 | 366.10 | 369.08 | 373.91 |
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): | 87.25 | |
| MACD (12,26,9): | 0.8200 | |
| Directional Movement: | 37.85 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 362.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 361.75 | |
| Elder Ray (13): | 0.40 | |
| Super Trend (3,10): | 361.30 | |
| Zig ZAG (10): | 361.98 | |
| VORTEX (21): | 1.5000 | |
| Stochastique (14,3,5): | 85.12 | |
| TEMA (21): | 362.44 | |
| Williams %R (14): | -21.57 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.48 |
| MA7: | 359.24 | |
| MA20: | 361.29 | |
| MA50: | 356.29 | |
| MA100: | 352.61 | |
| MAexp7: | 361.86 | |
| MAexp20: | 361.24 | |
| MAexp50: | 359.81 | |
| MAexp100: | 359.09 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +1.98% | |
| Price / MA100: | +3.04% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +0.98% | |
| Price / MAexp100: | +1.18% |
Quotes :
2020-10-14 06:56:55
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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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