NZD/HUF - 1H - Technical analysis published on 04/21/2021 (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
Short term:
Neutral
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 215.13 HUF
My targets
216.28 HUF (+0.72)
217.64 HUF (+2.08)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/HUF. As long as you are above the support located at 215.13 HUF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 216.28 HUF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 217.64 HUF as an objective. Crossing it would then enable buyers to target 222.09 HUF. If the support 215.13 HUF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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
4.6
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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 NZD/HUF rating is 215.56 HUF. The price has increased by +0.21% since the last closing and was traded between 215.07 HUF and 215.66 HUF over the period. The price is currently at +0.23% from its lowest and -0.05% from its highest.215.07
215.66
215.56
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 NZD/HUF:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/HUF in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 211.76 | 213.53 | 215.13 | 215.56 | 216.28 | 217.64 | 222.09 |
| Change (%) | -1.76% | -0.94% | -0.20% | - | +0.33% | +0.96% | +3.03% |
| Change | -3.80 | -2.03 | -0.43 | - | +0.72 | +2.08 | +6.53 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.10 | 214.03 | 214.57 | 215.50 | 216.04 | 216.97 | 217.51 |
| Camarilla | 214.70 | 214.83 | 214.97 | 215.10 | 215.24 | 215.37 | 215.50 |
| Woodie | 212.90 | 213.93 | 214.37 | 215.40 | 215.84 | 216.87 | 217.31 |
| Fibonacci | 214.03 | 214.60 | 214.94 | 215.50 | 216.07 | 216.41 | 216.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.20 | 208.31 | 211.88 | 213.99 | 217.56 | 219.67 | 223.24 |
| Camarilla | 213.88 | 214.40 | 214.92 | 215.44 | 215.96 | 216.48 | 217.00 |
| Woodie | 206.92 | 208.68 | 212.60 | 214.36 | 218.28 | 220.04 | 223.96 |
| Fibonacci | 208.31 | 210.48 | 211.82 | 213.99 | 216.16 | 217.50 | 219.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.16 | 209.31 | 212.43 | 217.58 | 220.70 | 225.85 | 228.97 |
| Camarilla | 213.27 | 214.02 | 214.78 | 215.54 | 216.30 | 217.06 | 217.81 |
| Woodie | 203.14 | 208.80 | 211.41 | 217.07 | 219.68 | 225.34 | 227.95 |
| Fibonacci | 209.31 | 212.47 | 214.42 | 217.58 | 220.74 | 222.69 | 225.85 |
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): | 50.12 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | 1.77 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 215.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 215.90 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 216.28 | |
| Zig ZAG (10): | 215.54 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 64.17 | |
| TEMA (21): | 215.35 | |
| Williams %R (14): | -27.50 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.23 |
| MA7: | 214.69 | |
| MA20: | 214.49 | |
| MA50: | 216.76 | |
| MA100: | 213.94 | |
| MAexp7: | 215.43 | |
| MAexp20: | 215.46 | |
| MAexp50: | 215.46 | |
| MAexp100: | 215.09 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | +0.76% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.22% |
Quotes :
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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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