USD/HUF - 1H - Technical analysis published on 10/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 303.72 HUF
My targets
300.27 HUF (-1.46)
299.53 HUF (-2.20)
My analysis
USD/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 303.72 HUF. The next support located at 300.27 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 299.53 HUF. Below this support, sellers could then target 294.90 HUF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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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 301.73 HUF. On the day, this instrument lost -0.66% and was traded between 301.40 HUF and 304.02 HUF over the period. The price is currently at +0.11% from its lowest and -0.75% from its highest.301.40
304.02
301.73
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/HUF in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 290.62 | 294.90 | 300.27 | 301.73 | 303.72 | 305.26 | 307.29 |
| Change (%) | -3.68% | -2.26% | -0.48% | - | +0.66% | +1.17% | +1.84% |
| Change | -11.11 | -6.83 | -1.46 | - | +1.99 | +3.53 | +5.56 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 301.53 | 302.61 | 303.17 | 304.25 | 304.81 | 305.89 | 306.45 |
| Camarilla | 303.28 | 303.43 | 303.58 | 303.73 | 303.88 | 304.03 | 304.18 |
| Woodie | 301.27 | 302.48 | 302.91 | 304.12 | 304.55 | 305.76 | 306.19 |
| Fibonacci | 302.61 | 303.24 | 303.62 | 304.25 | 304.88 | 305.26 | 305.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 293.84 | 299.53 | 302.75 | 308.44 | 311.66 | 317.35 | 320.57 |
| Camarilla | 303.53 | 304.35 | 305.16 | 305.98 | 306.80 | 307.61 | 308.43 |
| Woodie | 292.62 | 298.91 | 301.53 | 307.82 | 310.44 | 316.73 | 319.35 |
| Fibonacci | 299.53 | 302.93 | 305.03 | 308.44 | 311.84 | 313.94 | 317.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 279.16 | 287.10 | 298.60 | 306.54 | 318.04 | 325.98 | 337.48 |
| Camarilla | 304.75 | 306.54 | 308.32 | 310.10 | 311.88 | 313.66 | 315.45 |
| Woodie | 280.94 | 287.99 | 300.38 | 307.43 | 319.82 | 326.87 | 339.26 |
| Fibonacci | 287.10 | 294.53 | 299.11 | 306.54 | 313.97 | 318.55 | 325.98 |
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): | 16.00 | |
| MACD (12,26,9): | -0.6600 | |
| Directional Movement: | -26.44 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 302.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 302.55 | |
| Elder Ray (13): | -0.99 | |
| Super Trend (3,10): | 303.01 | |
| Zig ZAG (10): | 301.58 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 6.03 | |
| TEMA (21): | 301.89 | |
| Williams %R (14): | -95.69 | |
| Chande Momentum Oscillator (20): | -1.89 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.06 |
| MA7: | 305.04 | |
| MA20: | 307.05 | |
| MA50: | 301.12 | |
| MA100: | 304.64 | |
| MAexp7: | 302.15 | |
| MAexp20: | 302.96 | |
| MAexp50: | 303.92 | |
| MAexp100: | 304.90 | |
| Price / MA7: | -1.09% | |
| Price / MA20: | -1.73% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | -0.96% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -1.04% |
Quotes :
2020-10-09 14:04:42
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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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