EUR/HUF

- HUF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURHUF
ISIN:

EUR/HUF - Daily - Technical analysis published on 05/25/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

28%

22%

50%

My opinion

Bearish under 379.35 HUF

My targets

368.61 HUF (-3.88)

355.60 HUF (-16.89)

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 379.35 HUF. The next bearish objective for sellers is set at 368.61 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 355.60 HUF. If there is any crossing, the next objective would be the support located at 345.42 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.8

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 372.49 HUF. The price registered an increase of +0.00% on the session and was between 372.00 HUF and 373.96 HUF. This implies that the price is at +0.13% from its lowest and at -0.39% from its highest.

372.00

373.96

372.49

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.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/HUF:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/HUF in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	321.75	345.42	368.61	372.49	379.35	393.47	400.78
Change (%)	-13.62%	-7.27%	-1.04%	-	+1.84%	+5.63%	+7.59%
Change	-50.74	-27.07	-3.88	-	+6.86	+20.98	+28.29
Level	Major	Intermediate	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	365.83	368.83	370.66	373.66	375.49	378.49	380.32
Camarilla	371.17	371.62	372.06	372.50	372.94	373.39	373.83
Woodie	365.26	368.54	370.09	373.37	374.92	378.20	379.75
Fibonacci	368.83	370.67	371.81	373.66	375.50	376.64	378.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	358.71	363.37	369.49	374.15	380.27	384.93	391.05
Camarilla	372.65	373.63	374.62	375.61	376.60	377.59	378.58
Woodie	359.44	363.74	370.22	374.52	381.00	385.30	391.78
Fibonacci	363.37	367.49	370.03	374.15	378.27	380.81	384.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	355.60	362.49	367.80	374.69	380.00	386.89	392.20
Camarilla	369.75	370.86	371.98	373.10	374.22	375.34	376.46
Woodie	354.80	362.10	367.00	374.30	379.20	386.50	391.40
Fibonacci	362.49	367.15	370.03	374.69	379.35	382.23	386.89

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):	46.52
MACD (12,26,9):	-0.7600
Directional Movement:	4.47
AROON (14):	21.43
DEMA (21):	371.79
Parabolic SAR (0,02-0,02-0,2):	369.81
Elder Ray (13):	0.14
Super Trend (3,10):	377.69
Zig ZAG (10):	372.31
VORTEX (21):	0.9700
Stochastique (14,3,5):	50.06
TEMA (21):	372.80
Williams %R (14):	-60.39
Chande Momentum Oscillator (20):	0.91
Repulse (5,40,3):	-1.0400
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	0.07

MA7:	373.54
MA20:	372.45
MA50:	376.57
MA100:	382.08
MAexp7:	373.03
MAexp20:	373.13
MAexp50:	376.26
MAexp100:	381.98
Price / MA7:	-0.28%
Price / MA20:	+0.01%
Price / MA50:	-1.08%
Price / MA100:	-2.51%
Price / MAexp7:	-0.14%
Price / MAexp20:	-0.17%
Price / MAexp50:	-1.00%
Price / MAexp100:	-2.48%

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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