EUR/HUF - 1H - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 335.25 HUF
My targets
336.04 HUF (+0.16%)
337.74 HUF (+0.67%)
My analysis
The bullish trend is currently very strong on EUR/HUF. As long as the price remains above the support at 335.25 HUF, you could try to benefit from the boom. The first bullish objective is located at 336.04 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 337.74 HUF as an objective. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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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 price is 335.51 HUF. The price has increased by +0.13% since the last closing with the lowest point at 334.81 HUF and the highest point at 335.97 HUF. The deviation from the price is +0.21% for the low point and -0.14% for the high point.334.81
335.97
335.51
A study of price movements over other periods shows the following variations:
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 332.78 | 334.32 | 335.25 | 335.51 |
| Change (%) | -0.81% | -0.35% | -0.08% | - |
| Change | -2.73 | -1.19 | -0.26 | - |
| Level | Intermediate | 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 | 331.83 | 332.62 | 333.85 | 334.64 | 335.87 | 336.66 | 337.89 |
| Camarilla | 334.53 | 334.72 | 334.91 | 335.09 | 335.28 | 335.46 | 335.65 |
| Woodie | 332.06 | 332.73 | 334.08 | 334.75 | 336.10 | 336.77 | 338.12 |
| Fibonacci | 332.62 | 333.39 | 333.87 | 334.64 | 335.41 | 335.89 | 336.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 329.07 | 330.26 | 331.96 | 333.15 | 334.85 | 336.04 | 337.74 |
| Camarilla | 332.88 | 333.14 | 333.41 | 333.67 | 333.94 | 334.20 | 334.47 |
| Woodie | 329.34 | 330.39 | 332.23 | 333.28 | 335.12 | 336.17 | 338.01 |
| Fibonacci | 330.26 | 331.36 | 332.04 | 333.15 | 334.25 | 334.93 | 336.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 316.91 | 320.04 | 325.63 | 328.76 | 334.35 | 337.48 | 343.07 |
| Camarilla | 328.83 | 329.63 | 330.43 | 331.23 | 332.03 | 332.83 | 333.63 |
| Woodie | 318.15 | 320.66 | 326.87 | 329.38 | 335.59 | 338.10 | 344.31 |
| Fibonacci | 320.04 | 323.37 | 325.43 | 328.76 | 332.09 | 334.15 | 337.48 |
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): | 66.09 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 9.76 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 335.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 334.12 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 334.74 | |
| Zig ZAG (10): | 335.39 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 68.30 | |
| TEMA (21): | 335.32 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.11 |
| MA7: | 333.66 | |
| MA20: | 331.83 | |
| MA50: | 328.54 | |
| MA100: | 326.26 | |
| MAexp7: | 335.25 | |
| MAexp20: | 334.97 | |
| MAexp50: | 334.39 | |
| MAexp100: | 333.79 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +2.12% | |
| Price / MA100: | +2.84% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.52% |
This member declared not having a position on this financial instrument or a related financial instrument.
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