EUR/HUF - 1H - Technical analysis published on 03/17/2020 (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
67%
0%
33%
My opinion
Bullish above 344.87 HUF
My targets
347.82 HUF (+0.54)
My analysis
The bullish trend is currently very strong on EUR/HUF. As long as the price remains above the support at 344.87 HUF, you could try to benefit from the boom. The first bullish objective is located at 347.82 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2
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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 347.28 HUF. The price has increased by +0.86% since the last closing and was between 343.81 HUF and 348.96 HUF. This implies that the price is at +1.01% from its lowest and at -0.48% from its highest.343.81
348.96
347.28
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HUF:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on EUR/HUF were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this EUR/HUF chart shows a strongly bullish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 340.00 | 344.87 | 347.08 | 347.28 |
| Change (%) | -2.10% | -0.69% | -0.06% | - |
| Change | -7.28 | -2.41 | -0.20 | - |
| Level | Major | 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 | 330.17 | 334.10 | 339.21 | 343.14 | 348.25 | 352.18 | 357.29 |
| Camarilla | 341.82 | 342.65 | 343.48 | 344.31 | 345.14 | 345.97 | 346.80 |
| Woodie | 330.75 | 334.40 | 339.79 | 343.44 | 348.83 | 352.48 | 357.87 |
| Fibonacci | 334.10 | 337.56 | 339.69 | 343.14 | 346.60 | 348.73 | 352.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 328.83 | 331.51 | 335.16 | 337.84 | 341.49 | 344.17 | 347.82 |
| Camarilla | 337.08 | 337.66 | 338.24 | 338.82 | 339.40 | 339.98 | 340.56 |
| Woodie | 329.33 | 331.75 | 335.66 | 338.08 | 341.99 | 344.41 | 348.32 |
| Fibonacci | 331.51 | 333.93 | 335.42 | 337.84 | 340.26 | 341.75 | 344.17 |
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): | 72.77 | |
| MACD (12,26,9): | 1.3300 | |
| Directional Movement: | 12.87 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 347.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 344.76 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 343.59 | |
| Zig ZAG (10): | 347.03 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 60.13 | |
| TEMA (21): | 347.41 | |
| Williams %R (14): | -39.42 | |
| Chande Momentum Oscillator (20): | 2.65 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.47 |
| MA7: | 339.49 | |
| MA20: | 338.18 | |
| MA50: | 336.89 | |
| MA100: | 334.41 | |
| MAexp7: | 346.90 | |
| MAexp20: | 345.60 | |
| MAexp50: | 343.31 | |
| MAexp100: | 341.15 | |
| Price / MA7: | +2.29% | |
| Price / MA20: | +2.69% | |
| Price / MA50: | +3.08% | |
| Price / MA100: | +3.85% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +1.80% |
This member declared not having a position on this financial instrument or a related financial instrument.
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