EUR/HUF - 1H - Technical analysis published on 10/25/2019 (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:
Bearish
De fond:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 329.92 HUF
My targets
328.79 HUF (-0.08%)
328.02 HUF (-0.31%)
My analysis
All elements being rather 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 329.92 HUF. The next bearish objective for sellers is set at 328.79 HUF. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 328.02 HUF. If there is any crossing, the next objective would be the support located at 327.18 HUF. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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
4.8
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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 329.04 HUF. The price is lower by -0.07% since the last closing and was between 329.00 HUF and 329.36 HUF. This implies that the price is at +0.01% from its lowest and at -0.10% from its highest.329.00
329.36
329.04
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HUF:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/HUF in 1H shows an overall bearish trend. 75% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 327.18 | 328.02 | 328.79 | 329.04 | 329.92 | 331.42 | 332.35 |
| Change (%) | -0.57% | -0.31% | -0.08% | - | +0.27% | +0.72% | +1.01% |
| Change | -1.86 | -1.02 | -0.25 | - | +0.88 | +2.38 | +3.31 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 326.65 | 327.36 | 328.31 | 329.02 | 329.97 | 330.68 | 331.63 |
| Camarilla | 328.81 | 328.97 | 329.12 | 329.27 | 329.42 | 329.57 | 329.73 |
| Woodie | 326.78 | 327.42 | 328.44 | 329.08 | 330.10 | 330.74 | 331.76 |
| Fibonacci | 327.36 | 327.99 | 328.38 | 329.02 | 329.65 | 330.04 | 330.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 326.09 | 328.16 | 329.51 | 331.58 | 332.93 | 335.00 | 336.35 |
| Camarilla | 329.92 | 330.23 | 330.55 | 330.86 | 331.17 | 331.49 | 331.80 |
| Woodie | 325.73 | 327.98 | 329.15 | 331.40 | 332.57 | 334.82 | 335.99 |
| Fibonacci | 328.16 | 329.47 | 330.27 | 331.58 | 332.89 | 333.69 | 335.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 322.09 | 325.21 | 330.07 | 333.19 | 338.05 | 341.17 | 346.03 |
| Camarilla | 332.73 | 333.46 | 334.19 | 334.92 | 335.65 | 336.38 | 337.12 |
| Woodie | 322.95 | 325.65 | 330.93 | 333.63 | 338.91 | 341.61 | 346.89 |
| Fibonacci | 325.21 | 328.26 | 330.15 | 333.19 | 336.24 | 338.13 | 341.17 |
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): | 46.23 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 0.56 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 329.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 329.64 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 328.75 | |
| Zig ZAG (10): | 329.06 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 21.03 | |
| TEMA (21): | 329.23 | |
| Williams %R (14): | -89.58 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.13 |
| MA7: | 329.66 | |
| MA20: | 331.94 | |
| MA50: | 331.52 | |
| MA100: | 328.06 | |
| MAexp7: | 329.14 | |
| MAexp20: | 329.16 | |
| MAexp50: | 329.11 | |
| MAexp100: | 329.43 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | +0.30% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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