EUR/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURHUF
ISIN:

EUR/HUF - Daily - Technical analysis published on 01/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

44%

22%

My opinion

Bearish under 394.16 HUF

My targets

389.90 HUF (-2.61)

382.03 HUF (-10.48)

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 394.16 HUF. The next support located at 389.90 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 382.03 HUF. Below this support, sellers could then target 375.76 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/HUF price is 392.51 HUF. On the day, this instrument gained +0.51% and was traded between 389.86 HUF and 392.62 HUF over the period. The price is currently at +0.68% from its lowest and -0.03% from its highest.

389.86

392.62

392.51

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/HUF indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	375.76	382.03	389.90	392.51	394.16	400.82	413.88
Change (%)	-4.27%	-2.67%	-0.66%	-	+0.42%	+2.12%	+5.44%
Change	-16.75	-10.48	-2.61	-	+1.65	+8.31	+21.37
Level	Minor	Intermediate	Intermediate	-	Major	Major	Minor

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
Standard	383.76	385.40	387.96	389.60	392.16	393.80	396.36
Camarilla	389.38	389.76	390.15	390.53	390.92	391.30	391.69
Woodie	384.23	385.63	388.43	389.83	392.63	394.03	396.83
Fibonacci	385.40	387.00	387.99	389.60	391.20	392.19	393.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	373.47	379.84	385.19	391.56	396.91	403.28	408.63
Camarilla	387.31	388.38	389.46	390.53	391.60	392.68	393.75
Woodie	372.95	379.59	384.67	391.31	396.39	403.03	408.11
Fibonacci	379.84	384.32	387.09	391.56	396.04	398.81	403.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	369.33	383.81	391.56	406.04	413.79	428.27	436.02
Camarilla	393.21	395.25	397.28	399.32	401.36	403.40	405.43
Woodie	365.98	382.13	388.21	404.36	410.44	426.59	432.67
Fibonacci	383.81	392.30	397.55	406.04	414.53	419.78	428.27

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):	40.67
MACD (12,26,9):	-3.4100
Directional Movement:	-10.08
AROON (14):	-42.86
DEMA (21):	390.06
Parabolic SAR (0,02-0,02-0,2):	397.91
Elder Ray (13):	-2.05
Super Trend (3,10):	401.54
Zig ZAG (10):	391.66
VORTEX (21):	0.9100
Stochastique (14,3,5):	25.38
TEMA (21):	389.24
Williams %R (14):	-63.55
Chande Momentum Oscillator (20):	-5.82
Repulse (5,40,3):	0.3600
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	3.24

MA7:	390.76
MA20:	394.70
MA50:	402.10
MA100:	406.79
MAexp7:	391.29
MAexp20:	394.51
MAexp50:	399.71
MAexp100:	401.85
Price / MA7:	+0.45%
Price / MA20:	-0.55%
Price / MA50:	-2.38%
Price / MA100:	-3.51%
Price / MAexp7:	+0.30%
Price / MAexp20:	-0.52%
Price / MAexp50:	-1.81%
Price / MAexp100:	-2.33%

Quotes : - Real time data - Forex

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

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