EUR/HUF - 1H - Technical analysis published on 03/04/2020 (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:
Bullish
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 336.74 HUF
My targets
335.49 HUF (-0.89)
334.93 HUF (-1.45)
My analysis
The basic trend is bearish on EUR/HUF and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 336.74 HUF. Buyers would then use the next resistance located at 338.09 HUF as an objective. Crossing it would then enable buyers to target 339.35 HUF. If there is a return to below the support located at 335.49 HUF, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 334.93 HUF and 332.23 HUF by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.5
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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 rating is 336.38 HUF. On the day, this instrument lost +0.09% with the lowest point at 334.49 HUF and the highest point at 336.40 HUF. The deviation from the price is +0.57% for the low point and -0.01% for the high point.334.49
336.40
336.38
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of EUR/HUF in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 332.23 | 334.93 | 335.49 | 336.38 | 336.74 | 338.09 | 339.35 |
| Change (%) | -1.23% | -0.43% | -0.26% | - | +0.11% | +0.51% | +0.88% |
| Change | -4.15 | -1.45 | -0.89 | - | +0.36 | +1.71 | +2.97 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Minor |
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 | 331.30 | 333.12 | 334.59 | 336.41 | 337.88 | 339.70 | 341.17 |
| Camarilla | 335.17 | 335.47 | 335.77 | 336.07 | 336.37 | 336.67 | 336.98 |
| Woodie | 331.14 | 333.03 | 334.43 | 336.32 | 337.72 | 339.61 | 341.01 |
| Fibonacci | 333.12 | 334.37 | 335.15 | 336.41 | 337.66 | 338.44 | 339.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 332.50 | 334.62 | 336.37 | 338.49 | 340.24 | 342.36 | 344.11 |
| Camarilla | 337.07 | 337.42 | 337.78 | 338.13 | 338.49 | 338.84 | 339.19 |
| Woodie | 332.33 | 334.53 | 336.20 | 338.40 | 340.07 | 342.27 | 343.94 |
| Fibonacci | 334.62 | 336.10 | 337.01 | 338.49 | 339.97 | 340.88 | 342.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 328.00 | 331.02 | 334.57 | 337.59 | 341.14 | 344.16 | 347.71 |
| Camarilla | 336.32 | 336.93 | 337.53 | 338.13 | 338.73 | 339.33 | 339.94 |
| Woodie | 328.28 | 331.15 | 334.85 | 337.72 | 341.42 | 344.29 | 347.99 |
| Fibonacci | 331.02 | 333.53 | 335.08 | 337.59 | 340.10 | 341.65 | 344.16 |
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): | 50.55 | |
| MACD (12,26,9): | -0.3000 | |
| Directional Movement: | -4.74 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 335.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 334.55 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 336.15 | |
| Zig ZAG (10): | 336.05 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 86.79 | |
| TEMA (21): | 335.49 | |
| Williams %R (14): | -5.66 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.26 |
| MA7: | 337.83 | |
| MA20: | 337.62 | |
| MA50: | 335.43 | |
| MA100: | 333.58 | |
| MAexp7: | 335.65 | |
| MAexp20: | 335.69 | |
| MAexp50: | 336.36 | |
| MAexp100: | 337.05 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | +0.84% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
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