USD/HUF - 1H - Technical analysis published on 05/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 321.95 HUF
My targets
316.51 HUF (-2.01)
313.63 HUF (-4.89)
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 USD/HUF. As long as you are under the resistance located at 321.95 HUF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 316.51 HUF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 313.63 HUF as an objective. Crossing it would then enable sellers to target 307.29 HUF. If the resistance 321.95 HUF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
2.1
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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
USD/HUF rating 318.52 HUF. On the day, this instrument gained +0.45% with the lowest point at 317.04 HUF and the highest point at 318.61 HUF. The deviation from the price is +0.47% for the low point and -0.03% for the high point.317.04
318.61
318.52
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
Here is a more detailed summary of the historical variations registered by USD/HUF:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of USD/HUF indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 307.29 | 313.63 | 316.51 | 318.52 | 318.67 | 322.14 | 326.53 |
| Change (%) | -3.53% | -1.54% | -0.63% | - | +0.05% | +1.14% | +2.51% |
| Change | -11.23 | -4.89 | -2.01 | - | +0.15 | +3.62 | +8.01 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 309.20 | 312.77 | 314.93 | 318.50 | 320.66 | 324.23 | 326.39 |
| Camarilla | 315.52 | 316.05 | 316.58 | 317.10 | 317.63 | 318.15 | 318.68 |
| Woodie | 308.51 | 312.42 | 314.24 | 318.15 | 319.97 | 323.88 | 325.70 |
| Fibonacci | 312.77 | 314.96 | 316.31 | 318.50 | 320.69 | 322.04 | 324.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 303.74 | 310.12 | 315.57 | 321.95 | 327.40 | 333.78 | 339.23 |
| Camarilla | 317.76 | 318.84 | 319.93 | 321.01 | 322.09 | 323.18 | 324.26 |
| Woodie | 303.27 | 309.89 | 315.10 | 321.72 | 326.93 | 333.55 | 338.76 |
| Fibonacci | 310.12 | 314.64 | 317.43 | 321.95 | 326.47 | 329.26 | 333.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 292.23 | 305.82 | 314.04 | 327.63 | 335.85 | 349.44 | 357.66 |
| Camarilla | 316.25 | 318.25 | 320.25 | 322.25 | 324.25 | 326.25 | 328.25 |
| Woodie | 289.54 | 304.48 | 311.35 | 326.29 | 333.16 | 348.10 | 354.97 |
| Fibonacci | 305.82 | 314.16 | 319.30 | 327.63 | 335.97 | 341.11 | 349.44 |
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): | 40.14 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -11.99 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 316.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 316.91 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 318.65 | |
| Zig ZAG (10): | 317.71 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 80.77 | |
| TEMA (21): | 317.04 | |
| Williams %R (14): | -10.62 | |
| Chande Momentum Oscillator (20): | 1.12 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.19 |
| MA7: | 319.27 | |
| MA20: | 322.58 | |
| MA50: | 325.59 | |
| MA100: | 315.64 | |
| MAexp7: | 317.63 | |
| MAexp20: | 317.91 | |
| MAexp50: | 319.03 | |
| MAexp100: | 319.84 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | +0.91% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.41% |
Quotes :
2020-05-27 06:57:46
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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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