EUR/HUF - 1H - Technical analysis published on 02/19/2020 (GMT)
- Who voted?
- 261
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 335.34 HUF
My targets
338.09 HUF (+1.78)
339.24 HUF (+2.93)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/HUF. This is a positive signal for buyers. As long as the price remains above 335.34 HUF, a purchase could be considered. The first bullish objective is located at 338.09 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 339.24 HUF as an objective. Crossing it would then enable buyers to target 340.00 HUF. In the event of a return below 335.34 HUF, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 336.31 HUF. On the day, this instrument lost +0.18% and was traded between 334.03 HUF and 336.71 HUF over the period. The price is currently at +0.68% from its lowest and -0.12% from its highest.334.03
336.71
336.31
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
A technical analysis in 1H of this EUR/HUF chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 334.40 | 335.34 | 336.27 | 336.31 | 338.09 | 339.24 | 340.00 |
| Change (%) | -0.57% | -0.29% | -0.01% | - | +0.53% | +0.87% | +1.10% |
| Change | -1.91 | -0.97 | -0.04 | - | +1.78 | +2.93 | +3.69 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 333.10 | 333.77 | 334.73 | 335.40 | 336.36 | 337.03 | 337.99 |
| Camarilla | 335.25 | 335.40 | 335.55 | 335.70 | 335.85 | 336.00 | 336.15 |
| Woodie | 333.26 | 333.84 | 334.89 | 335.47 | 336.52 | 337.10 | 338.15 |
| Fibonacci | 333.77 | 334.39 | 334.77 | 335.40 | 336.02 | 336.40 | 337.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 327.75 | 331.28 | 333.33 | 336.86 | 338.91 | 342.44 | 344.49 |
| Camarilla | 333.86 | 334.37 | 334.88 | 335.39 | 335.90 | 336.41 | 336.93 |
| Woodie | 327.02 | 330.91 | 332.60 | 336.49 | 338.18 | 342.07 | 343.76 |
| Fibonacci | 331.28 | 333.41 | 334.73 | 336.86 | 338.99 | 340.31 | 342.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 321.28 | 325.04 | 331.25 | 335.01 | 341.22 | 344.98 | 351.19 |
| Camarilla | 334.73 | 335.64 | 336.56 | 337.47 | 338.38 | 339.30 | 340.21 |
| Woodie | 322.52 | 325.65 | 332.49 | 335.62 | 342.46 | 345.59 | 352.43 |
| Fibonacci | 325.04 | 328.85 | 331.20 | 335.01 | 338.82 | 341.17 | 344.98 |
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): | 59.10 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 10.85 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 335.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 334.37 | |
| Elder Ray (13): | 0.53 | |
| Super Trend (3,10): | 334.96 | |
| Zig ZAG (10): | 336.26 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 81.84 | |
| TEMA (21): | 336.00 | |
| Williams %R (14): | -16.79 | |
| Chande Momentum Oscillator (20): | 0.76 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.19 |
| MA7: | 337.02 | |
| MA20: | 337.22 | |
| MA50: | 333.96 | |
| MA100: | 333.06 | |
| MAexp7: | 335.94 | |
| MAexp20: | 335.68 | |
| MAexp50: | 335.67 | |
| MAexp100: | 336.08 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | +0.98% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/HUF - 1H