EUR/HUF - 1H - Technical analysis published on 01/22/2020 (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
94%
0%
6%
My opinion
Bullish above 335.74 HUF
My targets
337.06 HUF (+0.74)
My analysis
The bullish trend is currently very strong on EUR/HUF. As long as the price remains above the support at 335.74 HUF, you could try to benefit from the boom. The first bullish objective is located at 337.06 HUF. The bullish momentum would be boosted by a break in this resistance. 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
8.4
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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
The EUR/HUF rating is 336.32 HUF. On the day, this instrument gained +0.64% with the lowest point at 334.04 HUF and the highest point at 336.37 HUF. The deviation from the price is +0.68% for the low point and -0.01% for the high point.334.04
336.37
336.32
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 EUR/HUF in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 334.79 | 335.74 | 336.27 | 336.32 | 337.06 |
| Change (%) | -0.45% | -0.17% | -0.01% | - | +0.22% |
| Change | -1.53 | -0.58 | -0.05 | - | +0.74 |
| Level | Minor | Intermediate | Major | - | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 331.83 | 332.93 | 333.55 | 334.65 | 335.27 | 336.37 | 336.99 |
| Camarilla | 333.70 | 333.86 | 334.01 | 334.17 | 334.33 | 334.49 | 334.64 |
| Woodie | 331.59 | 332.81 | 333.31 | 334.53 | 335.03 | 336.25 | 336.75 |
| Fibonacci | 332.93 | 333.59 | 333.99 | 334.65 | 335.31 | 335.71 | 336.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 328.59 | 330.22 | 333.23 | 334.86 | 337.87 | 339.50 | 342.51 |
| Camarilla | 334.95 | 335.38 | 335.81 | 336.23 | 336.66 | 337.08 | 337.51 |
| Woodie | 329.27 | 330.57 | 333.91 | 335.21 | 338.55 | 339.85 | 343.19 |
| Fibonacci | 330.22 | 332.00 | 333.09 | 334.86 | 336.64 | 337.73 | 339.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 319.36 | 323.75 | 327.41 | 331.80 | 335.46 | 339.85 | 343.51 |
| Camarilla | 328.87 | 329.60 | 330.34 | 331.08 | 331.82 | 332.56 | 333.29 |
| Woodie | 319.01 | 323.57 | 327.06 | 331.62 | 335.11 | 339.67 | 343.16 |
| Fibonacci | 323.75 | 326.82 | 328.72 | 331.80 | 334.87 | 336.77 | 339.85 |
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): | 77.65 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | 33.48 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 335.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 335.07 | |
| Elder Ray (13): | 0.76 | |
| Super Trend (3,10): | 335.24 | |
| Zig ZAG (10): | 336.30 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 95.27 | |
| TEMA (21): | 336.01 | |
| Williams %R (14): | -3.03 | |
| Chande Momentum Oscillator (20): | 2.18 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.99 |
| MA7: | 334.54 | |
| MA20: | 332.41 | |
| MA50: | 332.44 | |
| MA100: | 332.23 | |
| MAexp7: | 335.81 | |
| MAexp20: | 335.20 | |
| MAexp50: | 335.00 | |
| MAexp100: | 334.81 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +1.17% | |
| Price / MA100: | +1.23% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.45% |
This member declared not having a position on this financial instrument or a related financial instrument.
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