GBP/HUF - 1H - Technical analysis published on 10/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 448.53 HUF
My targets
451.35 HUF (+1.63)
453.25 HUF (+3.53)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/HUF. This is a positive signal for buyers. As long as the price remains above 448.53 HUF, a purchase could be considered. The first bullish objective is located at 451.35 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 453.25 HUF as an objective. Crossing it would then enable buyers to target 455.28 HUF. In the event of a return below 448.53 HUF, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HUF price is 449.72 HUF. The price has increased by +0.00% since the last closing and was between 449.52 HUF and 450.12 HUF. This implies that the price is at +0.04% from its lowest and at -0.09% from its highest.449.52
450.12
449.72
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/HUF indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 444.84 | 446.48 | 448.53 | 449.72 | 451.35 | 453.25 | 455.28 |
| Change (%) | -1.09% | -0.72% | -0.26% | - | +0.36% | +0.78% | +1.24% |
| Change | -4.88 | -3.24 | -1.19 | - | +1.63 | +3.53 | +5.56 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 438.80 | 441.49 | 445.61 | 448.30 | 452.42 | 455.11 | 459.23 |
| Camarilla | 447.86 | 448.48 | 449.11 | 449.73 | 450.35 | 450.98 | 451.60 |
| Woodie | 439.52 | 441.85 | 446.33 | 448.66 | 453.14 | 455.47 | 459.95 |
| Fibonacci | 441.49 | 444.09 | 445.70 | 448.30 | 450.90 | 452.51 | 455.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 431.64 | 438.23 | 443.97 | 450.56 | 456.30 | 462.89 | 468.63 |
| Camarilla | 446.33 | 447.46 | 448.59 | 449.72 | 450.85 | 451.98 | 453.11 |
| Woodie | 431.23 | 438.02 | 443.56 | 450.35 | 455.89 | 462.68 | 468.22 |
| Fibonacci | 438.23 | 442.94 | 445.85 | 450.56 | 455.27 | 458.18 | 462.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 427.83 | 435.31 | 442.51 | 449.99 | 457.19 | 464.67 | 471.87 |
| Camarilla | 445.68 | 447.03 | 448.37 | 449.72 | 451.07 | 452.41 | 453.76 |
| Woodie | 427.70 | 435.24 | 442.38 | 449.92 | 457.06 | 464.60 | 471.74 |
| Fibonacci | 435.31 | 440.91 | 444.38 | 449.99 | 455.59 | 459.06 | 464.67 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.54 | |
| MACD (12,26,9): | 0.4800 | |
| Directional Movement: | 10.62 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 449.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 446.97 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 446.77 | |
| Zig ZAG (10): | 449.61 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 77.05 | |
| TEMA (21): | 450.10 | |
| Williams %R (14): | -31.12 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.28 |
| MA7: | 450.48 | |
| MA20: | 448.40 | |
| MA50: | 448.79 | |
| MA100: | 441.74 | |
| MAexp7: | 449.63 | |
| MAexp20: | 449.01 | |
| MAexp50: | 448.91 | |
| MAexp100: | 449.27 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +1.81% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.09% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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