EUR/HUF - 1H - Technical analysis published on 12/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 358.08 HUF
My targets
356.45 HUF (-0.40)
355.69 HUF (-1.16)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/HUF as long as the price remains well below 358.08 HUF. The sellers” bearish objective is set at 356.45 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 355.69 HUF. In case of crossing, the next objective would be the support located at 351.35 HUF.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.7
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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 356.85 HUF. On the day, this instrument lost -0.79% and was between 356.61 HUF and 360.05 HUF. This implies that the price is at +0.07% from its lowest and at -0.89% from its highest.356.61
360.05
356.85
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
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
Technical
Technical analysis of this 1H chart of EUR/HUF indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 351.35 | 355.69 | 356.45 | 356.85 | 357.10 | 358.08 | 358.88 |
| Change (%) | -1.54% | -0.33% | -0.11% | - | +0.07% | +0.34% | +0.57% |
| Change | -5.50 | -1.16 | -0.40 | - | +0.25 | +1.23 | +2.03 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 351.95 | 353.82 | 356.75 | 358.62 | 361.55 | 363.42 | 366.35 |
| Camarilla | 358.37 | 358.81 | 359.25 | 359.69 | 360.13 | 360.57 | 361.01 |
| Woodie | 352.49 | 354.09 | 357.29 | 358.89 | 362.09 | 363.69 | 366.89 |
| Fibonacci | 353.82 | 355.65 | 356.78 | 358.62 | 360.45 | 361.58 | 363.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 356.90 | 358.28 | 359.91 | 361.29 | 362.92 | 364.30 | 365.93 |
| Camarilla | 360.72 | 361.00 | 361.27 | 361.55 | 361.83 | 362.10 | 362.38 |
| Woodie | 357.04 | 358.34 | 360.05 | 361.35 | 363.06 | 364.36 | 366.07 |
| Fibonacci | 358.28 | 359.43 | 360.14 | 361.29 | 362.44 | 363.15 | 364.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 339.37 | 346.62 | 352.77 | 360.02 | 366.17 | 373.42 | 379.57 |
| Camarilla | 355.24 | 356.46 | 357.69 | 358.92 | 360.15 | 361.38 | 362.61 |
| Woodie | 338.82 | 346.35 | 352.22 | 359.75 | 365.62 | 373.15 | 379.02 |
| Fibonacci | 346.62 | 351.74 | 354.90 | 360.02 | 365.14 | 368.30 | 373.42 |
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): | 30.26 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -14.79 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 358.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 358.97 | |
| Elder Ray (13): | -1.01 | |
| Super Trend (3,10): | 358.99 | |
| Zig ZAG (10): | 357.28 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 14.91 | |
| TEMA (21): | 357.92 | |
| Williams %R (14): | -84.91 | |
| Chande Momentum Oscillator (20): | -2.22 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.91 |
| MA7: | 359.39 | |
| MA20: | 359.00 | |
| MA50: | 361.36 | |
| MA100: | 356.91 | |
| MAexp7: | 357.81 | |
| MAexp20: | 358.29 | |
| MAexp50: | 358.38 | |
| MAexp100: | 358.77 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -1.25% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.54% |
Quotes :
2020-12-03 16:35:15
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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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