EUR/HUF - 1H - Technical analysis published on 12/24/2019 (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:
Neutral
De fond:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 330.23 HUF
My targets
333.31 HUF (+2.00)
335.61 HUF (+4.30)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/HUF. As long as you are above the support located at 330.23 HUF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 333.31 HUF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 335.61 HUF as an objective. If the support 330.23 HUF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
3.4
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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
EUR/HUF rating 331.31 HUF. The price is lower by -0.07% since the last closing and was traded between 331.27 HUF and 331.59 HUF over the period. The price is currently at +0.01% from its lowest and -0.08% from its highest.331.27
331.59
331.31
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
Technical
Technical analysis of this 1H chart of EUR/HUF indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 329.92 | 330.23 | 331.08 | 331.31 | 331.55 | 335.61 |
| Change (%) | -0.42% | -0.33% | -0.07% | - | +0.07% | +1.30% |
| Change | -1.39 | -1.08 | -0.23 | - | +0.24 | +4.30 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major |
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 | 329.59 | 330.04 | 330.79 | 331.24 | 331.99 | 332.44 | 333.19 |
| Camarilla | 331.22 | 331.33 | 331.44 | 331.55 | 331.66 | 331.77 | 331.88 |
| Woodie | 329.75 | 330.12 | 330.95 | 331.32 | 332.15 | 332.52 | 333.35 |
| Fibonacci | 330.04 | 330.50 | 330.78 | 331.24 | 331.70 | 331.98 | 332.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 325.10 | 326.61 | 328.45 | 329.96 | 331.80 | 333.31 | 335.15 |
| Camarilla | 329.36 | 329.67 | 329.97 | 330.28 | 330.59 | 330.89 | 331.20 |
| Woodie | 325.26 | 326.69 | 328.61 | 330.04 | 331.96 | 333.39 | 335.31 |
| Fibonacci | 326.61 | 327.89 | 328.68 | 329.96 | 331.24 | 332.03 | 333.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 319.64 | 323.68 | 329.25 | 333.29 | 338.86 | 342.90 | 348.47 |
| Camarilla | 332.19 | 333.07 | 333.95 | 334.83 | 335.71 | 336.59 | 337.47 |
| Woodie | 320.42 | 324.06 | 330.03 | 333.67 | 339.64 | 343.28 | 349.25 |
| Fibonacci | 323.68 | 327.35 | 329.62 | 333.29 | 336.96 | 339.23 | 342.90 |
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): | 54.26 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 9.80 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 331.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 331.67 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 330.96 | |
| Zig ZAG (10): | 331.32 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 53.33 | |
| TEMA (21): | 331.53 | |
| Williams %R (14): | -63.33 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.09 |
| MA7: | 330.48 | |
| MA20: | 331.46 | |
| MA50: | 331.73 | |
| MA100: | 331.21 | |
| MAexp7: | 331.42 | |
| MAexp20: | 331.33 | |
| MAexp50: | 331.05 | |
| MAexp100: | 330.77 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | -0.13% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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