GBP/HUF - 1H - Technical analysis published on 09/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 408.78 HUF
My targets
406.43 HUF (-1.59)
404.96 HUF (-3.06)
My analysis
GBP/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 408.78 HUF. The next support located at 406.43 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 404.96 HUF. Below this support, sellers could then target 401.05 HUF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7
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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
GBP/HUF rating 408.02 HUF. The price registered a decrease of -0.32% on the session and was traded between 407.95 HUF and 409.97 HUF over the period. The price is currently at +0.02% from its lowest and -0.48% from its highest.407.95
409.97
408.02
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/HUF in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 404.96 | 406.43 | 407.68 | 408.02 | 408.78 | 409.37 | 411.63 |
| Change (%) | -0.75% | -0.39% | -0.08% | - | +0.19% | +0.33% | +0.88% |
| Change | -3.06 | -1.59 | -0.34 | - | +0.76 | +1.35 | +3.61 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | 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 | 405.93 | 407.37 | 408.36 | 409.80 | 410.79 | 412.23 | 413.22 |
| Camarilla | 408.67 | 408.90 | 409.12 | 409.34 | 409.56 | 409.79 | 410.01 |
| Woodie | 405.70 | 407.26 | 408.13 | 409.69 | 410.56 | 412.12 | 412.99 |
| Fibonacci | 407.37 | 408.30 | 408.88 | 409.80 | 410.73 | 411.31 | 412.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 397.38 | 400.78 | 405.17 | 408.57 | 412.96 | 416.36 | 420.75 |
| Camarilla | 407.41 | 408.12 | 408.84 | 409.55 | 410.26 | 410.98 | 411.69 |
| Woodie | 397.87 | 401.03 | 405.66 | 408.82 | 413.45 | 416.61 | 421.24 |
| Fibonacci | 400.78 | 403.76 | 405.60 | 408.57 | 411.55 | 413.39 | 416.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 384.68 | 394.87 | 400.69 | 410.88 | 416.70 | 426.89 | 432.71 |
| Camarilla | 402.10 | 403.57 | 405.03 | 406.50 | 407.97 | 409.44 | 410.90 |
| Woodie | 382.49 | 393.78 | 398.50 | 409.79 | 414.51 | 425.80 | 430.52 |
| Fibonacci | 394.87 | 400.99 | 404.77 | 410.88 | 417.00 | 420.78 | 426.89 |
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): | 31.10 | |
| MACD (12,26,9): | -0.3200 | |
| Directional Movement: | -9.27 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 408.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 409.93 | |
| Elder Ray (13): | -0.65 | |
| Super Trend (3,10): | 410.06 | |
| Zig ZAG (10): | 408.15 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 14.10 | |
| TEMA (21): | 408.63 | |
| Williams %R (14): | -82.89 | |
| Chande Momentum Oscillator (20): | -0.83 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.25 |
| MA7: | 408.68 | |
| MA20: | 407.47 | |
| MA50: | 413.54 | |
| MA100: | 411.34 | |
| MAexp7: | 408.84 | |
| MAexp20: | 409.16 | |
| MAexp50: | 409.54 | |
| MAexp100: | 409.36 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -0.81% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.33% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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