USD/HUF - 1H - Technical analysis published on 09/01/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 296.71 HUF and 298.82 HUF
My targets
-
My analysis
The short-term increase on USD/HUF remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 298.82 HUF. The first support is located at 296.71 HUF. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 297.69 HUF. On the day, this instrument gained +0.01% with the lowest point at 295.04 HUF and the highest point at 297.87 HUF. The deviation from the price is +0.90% for the low point and -0.06% for the high point.295.04
297.87
297.69
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/HUF in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
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 overbought : over -20
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
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 | 293.03 | 294.69 | 296.71 | 297.69 | 298.82 | 300.27 | 301.70 |
Change (%) | -1.57% | -1.01% | -0.33% | - | +0.38% | +0.87% | +1.35% |
Change | -4.66 | -3.00 | -0.98 | - | +1.13 | +2.58 | +4.01 |
Level | Intermediate | Major | Major | - | Major | 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 | 294.11 | 295.27 | 296.46 | 297.62 | 298.81 | 299.97 | 301.16 |
Camarilla | 297.00 | 297.22 | 297.44 | 297.65 | 297.87 | 298.08 | 298.30 |
Woodie | 294.13 | 295.28 | 296.48 | 297.63 | 298.83 | 299.98 | 301.18 |
Fibonacci | 295.27 | 296.17 | 296.72 | 297.62 | 298.52 | 299.07 | 299.97 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 287.75 | 291.92 | 294.80 | 298.97 | 301.85 | 306.02 | 308.90 |
Camarilla | 295.75 | 296.40 | 297.04 | 297.69 | 298.34 | 298.98 | 299.63 |
Woodie | 287.12 | 291.60 | 294.17 | 298.65 | 301.22 | 305.70 | 308.27 |
Fibonacci | 291.92 | 294.61 | 296.27 | 298.97 | 301.66 | 303.32 | 306.02 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 276.14 | 282.64 | 290.14 | 296.64 | 304.14 | 310.64 | 318.14 |
Camarilla | 293.80 | 295.08 | 296.37 | 297.65 | 298.93 | 300.22 | 301.50 |
Woodie | 276.65 | 282.89 | 290.65 | 296.89 | 304.65 | 310.89 | 318.65 |
Fibonacci | 282.64 | 287.99 | 291.29 | 296.64 | 301.99 | 305.29 | 310.64 |
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): | 55.66 | |
MACD (12,26,9): | -0.3000 | |
Directional Movement: | 5.26 | |
AROON (14): | 7.14 | |
DEMA (21): | 296.18 | |
Parabolic SAR (0,02-0,02-0,2): | 295.04 | |
Elder Ray (13): | 0.73 | |
Super Trend (3,10): | 297.47 | |
Zig ZAG (10): | 297.36 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 58.32 | |
TEMA (21): | 296.27 | |
Williams %R (14): | -4.06 | |
Chande Momentum Oscillator (20): | 1.16 | |
Repulse (5,40,3): | 0.7400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.69 |
MA7: | 298.75 | |
MA20: | 295.17 | |
MA50: | 302.01 | |
MA100: | 309.89 | |
MAexp7: | 296.51 | |
MAexp20: | 296.62 | |
MAexp50: | 297.32 | |
MAexp100: | 297.88 | |
Price / MA7: | -0.35% | |
Price / MA20: | +0.85% | |
Price / MA50: | -1.43% | |
Price / MA100: | -3.94% | |
Price / MAexp7: | +0.40% | |
Price / MAexp20: | +0.36% | |
Price / MAexp50: | +0.12% | |
Price / MAexp100: | -0.06% |
Quotes :
2020-09-01 14:39:56
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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