EUR/HUF
EUR HUF
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Type: Forex
Ticker: EURHUF
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EUR/HUF - 1H - Technical analysis published on 12/29/2020 (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: Neutral
De fond: Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 361.58 HUF
My targets
365.61 HUF (+2.33)
368.43 HUF (+5.15)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 361.58 HUF remains possible. It is advisable to trade EUR/HUF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 361.58 HUF. The next bullish objective for buyers is set at 365.61 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 368.43 HUF. PS: if there is a bearish break in the support located at 361.58 HUF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.8

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/HUF rating is 363.28 HUF. The price is lower by -0.16% since the last closing and was traded between 363.18 HUF and 363.91 HUF over the period. The price is currently at +0.03% from its lowest and -0.17% from its highest.

363.18
363.91
363.28

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/HUF in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 358.12 361.58 363.24 363.28 365.61 368.43
Change (%) -1.42% -0.47% -0.01% - +0.64% +1.42%
Change -5.16 -1.70 -0.04 - +2.33 +5.15
Level Minor Intermediate Major - Major 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
Standard359.38360.68362.27363.57365.16366.46368.05
Camarilla363.07363.33363.60363.86364.13364.39364.66
Woodie359.53360.75362.42363.64365.31366.53368.20
Fibonacci360.68361.78362.47363.57364.67365.36366.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard353.14355.38358.79361.03364.44366.68370.09
Camarilla360.66361.17361.69362.21362.73363.25363.76
Woodie353.74355.67359.39361.32365.04366.97370.69
Fibonacci355.38357.54358.87361.03363.19364.52366.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard339.37346.62352.77360.02366.17373.42379.57
Camarilla355.24356.46357.69358.92360.15361.38362.61
Woodie338.82346.35352.22359.75365.62373.15379.02
Fibonacci346.62351.74354.90360.02365.14368.30373.42

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): 43.11
MACD (12,26,9): 0.0700
Directional Movement: -8.80
AROON (14): -100.00
DEMA (21): 363.80
Parabolic SAR (0,02-0,02-0,2): 364.60
Elder Ray (13): -0.31
Super Trend (3,10): 362.83
Zig ZAG (10): 363.28
VORTEX (21): 0.9700
Stochastique (14,3,5): 13.20
TEMA (21): 363.62
Williams %R (14): -76.83
Chande Momentum Oscillator (20): -0.45
Repulse (5,40,3): 0.0000
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.17
MA7: 361.78
MA20: 358.49
MA50: 360.35
MA100: 358.91
MAexp7: 363.76
MAexp20: 363.64
MAexp50: 363.23
MAexp100: 362.30
Price / MA7: +0.41%
Price / MA20: +1.34%
Price / MA50: +0.81%
Price / MA100: +1.22%
Price / MAexp7: -0.13%
Price / MAexp20: -0.10%
Price / MAexp50: +0.01%
Price / MAexp100: +0.27%

Quotes : 2020-12-29 07:24:15 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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