USD/HUF - 1H - Technical analysis published on 09/18/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bullish
Technical indicators
17%
56%
28%
My opinion
Neutral between 302.92 HUF and 304.00 HUF
My targets
-
My analysis
The current short-term bearish trend is in contrast to the bullish trend. USD/HUF is apparently trying to reverse the trend. The return to a neutral and then bearish trend should not be long in coming if the current decline continues. What is currently happening on USD/HUF basics that the price is plunging so much? In such a situation, it would be feasible to stay away from USD/HUF or not try to counterbalance this current drop in the short term. If there is a sale, the sellers could use the support located at 302.92 HUF as an objective. Sellers could then target the support located at 301.58 HUF. If there is any crossing, the next objective would be support 300.27 HUF. Attention should be paid to the price reaction at the start of the supports as trend traders may consider resuming purchases if the basic trend has not been able to ease or if the short term has itself become excessive.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish 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
The USD/HUF price is 303.65 HUF. On the day, this instrument lost -0.24% with the lowest point at 303.50 HUF and the highest point at 304.52 HUF. The deviation from the price is +0.05% for the low point and -0.29% for the high point.303.50
304.52
303.65
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/HUF indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that there could be a reversal of the trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
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 | 300.27 | 301.58 | 302.92 | 303.65 | 304.00 | 304.83 | 306.35 |
| Change (%) | -1.11% | -0.68% | -0.24% | - | +0.12% | +0.39% | +0.89% |
| Change | -3.38 | -2.07 | -0.73 | - | +0.35 | +1.18 | +2.70 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Intermediate |
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 | 300.90 | 302.45 | 303.42 | 304.97 | 305.94 | 307.49 | 308.46 |
| Camarilla | 303.69 | 303.92 | 304.15 | 304.38 | 304.61 | 304.84 | 305.07 |
| Woodie | 300.60 | 302.31 | 303.12 | 304.83 | 305.64 | 307.35 | 308.16 |
| Fibonacci | 302.45 | 303.42 | 304.01 | 304.97 | 305.94 | 306.53 | 307.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 291.14 | 295.29 | 298.44 | 302.59 | 305.74 | 309.89 | 313.04 |
| Camarilla | 299.58 | 300.25 | 300.92 | 301.59 | 302.26 | 302.93 | 303.60 |
| Woodie | 290.64 | 295.04 | 297.94 | 302.34 | 305.24 | 309.64 | 312.54 |
| Fibonacci | 295.29 | 298.08 | 299.80 | 302.59 | 305.38 | 307.10 | 309.89 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.75 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -5.24 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 304.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 304.45 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 305.28 | |
| Zig ZAG (10): | 303.84 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 8.73 | |
| TEMA (21): | 303.87 | |
| Williams %R (14): | -95.20 | |
| Chande Momentum Oscillator (20): | -0.69 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.58 |
| MA7: | 302.92 | |
| MA20: | 301.63 | |
| MA50: | 299.20 | |
| MA100: | 306.90 | |
| MAexp7: | 304.29 | |
| MAexp20: | 304.46 | |
| MAexp50: | 304.10 | |
| MAexp100: | 303.46 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +1.49% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | +0.06% |
Quotes :
2020-09-18 06:47:34
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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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