EUR/HUF - 1H - Technical analysis published on 11/15/2019 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 333.27 HUF
My targets
334.97 HUF (+0.01%)
335.61 HUF (+0.20%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/HUF as long as the price remains well above 333.27 HUF. The buyers” bullish objective is set at 334.97 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 335.61 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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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 334.94 HUF. On the day, this instrument gained +0.21% with the lowest point at 334.12 HUF and the highest point at 334.95 HUF. The deviation from the price is +0.25% for the low point and -0.00% for the high point.334.12
334.95
334.94
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
A study of price movements over other periods shows the following variations:
Near a 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. 82.14% 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 bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 331.38 | 332.28 | 333.27 | 334.94 | 334.97 | 335.61 |
| Change (%) | -1.06% | -0.79% | -0.50% | - | +0.01% | +0.20% |
| Change | -3.56 | -2.66 | -1.67 | - | +0.03 | +0.67 |
| Level | Minor | Minor | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 332.33 | 332.80 | 333.53 | 334.00 | 334.73 | 335.20 | 335.93 |
| Camarilla | 333.92 | 334.03 | 334.14 | 334.25 | 334.36 | 334.47 | 334.58 |
| Woodie | 332.45 | 332.87 | 333.65 | 334.07 | 334.85 | 335.27 | 336.05 |
| Fibonacci | 332.80 | 333.26 | 333.55 | 334.00 | 334.46 | 334.75 | 335.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 323.38 | 325.62 | 329.63 | 331.87 | 335.88 | 338.12 | 342.13 |
| Camarilla | 331.92 | 332.49 | 333.07 | 333.64 | 334.21 | 334.79 | 335.36 |
| Woodie | 324.27 | 326.06 | 330.52 | 332.31 | 336.77 | 338.56 | 343.02 |
| Fibonacci | 325.62 | 328.01 | 329.48 | 331.87 | 334.26 | 335.73 | 338.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 317.57 | 322.65 | 325.68 | 330.76 | 333.79 | 338.87 | 341.90 |
| Camarilla | 326.49 | 327.23 | 327.98 | 328.72 | 329.46 | 330.21 | 330.95 |
| Woodie | 316.56 | 322.14 | 324.67 | 330.25 | 332.78 | 338.36 | 340.89 |
| Fibonacci | 322.65 | 325.75 | 327.66 | 330.76 | 333.86 | 335.77 | 338.87 |
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): | 66.84 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | 13.71 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 334.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 334.35 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 333.96 | |
| Zig ZAG (10): | 334.81 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 77.72 | |
| TEMA (21): | 334.77 | |
| Williams %R (14): | -16.25 | |
| Chande Momentum Oscillator (20): | 0.54 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.27 |
| MA7: | 334.01 | |
| MA20: | 331.00 | |
| MA50: | 332.20 | |
| MA100: | 329.39 | |
| MAexp7: | 334.65 | |
| MAexp20: | 334.45 | |
| MAexp50: | 334.31 | |
| MAexp100: | 334.03 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | +1.68% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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