USD/HUF - 1H - Technical analysis published on 02/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 295.31 HUF
My targets
294.54 HUF (-0.41)
293.71 HUF (-1.24)
My analysis
The bearish trend is currently very strong for USD/HUF. As long as the price remains below the resistance at 295.31 HUF, you could try to take advantage of the bearish rally. The first bearish objective is located at 294.54 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 293.71 HUF as an objective. Crossing it would then enable sellers to target 290.11 HUF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
5.4
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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 rating is 294.95 HUF. The price registered a decrease of -0.09% on the session and was traded between 294.72 HUF and 295.55 HUF over the period. The price is currently at +0.08% from its lowest and -0.20% from its highest.294.72
295.55
294.95
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/HUF:
Technical
A technical analysis in 1H of this USD/HUF chart shows a sharp 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 293.71 | 294.54 | 294.94 | 294.95 | 295.31 | 296.14 | 297.66 |
| Change (%) | -0.42% | -0.14% | +0.00% | - | +0.12% | +0.40% | +0.92% |
| Change | -1.24 | -0.41 | -0.01 | - | +0.36 | +1.19 | +2.71 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 293.08 | 293.87 | 294.54 | 295.33 | 296.00 | 296.79 | 297.46 |
| Camarilla | 294.82 | 294.95 | 295.09 | 295.22 | 295.35 | 295.49 | 295.62 |
| Woodie | 293.03 | 293.84 | 294.49 | 295.30 | 295.95 | 296.76 | 297.41 |
| Fibonacci | 293.87 | 294.42 | 294.77 | 295.33 | 295.88 | 296.23 | 296.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 288.56 | 291.14 | 293.44 | 296.02 | 298.32 | 300.90 | 303.20 |
| Camarilla | 294.41 | 294.86 | 295.30 | 295.75 | 296.20 | 296.65 | 297.09 |
| Woodie | 288.43 | 291.07 | 293.31 | 295.95 | 298.19 | 300.83 | 303.07 |
| Fibonacci | 291.14 | 293.00 | 294.15 | 296.02 | 297.88 | 299.03 | 300.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 279.71 | 284.51 | 289.63 | 294.43 | 299.55 | 304.35 | 309.47 |
| Camarilla | 292.01 | 292.92 | 293.83 | 294.74 | 295.65 | 296.56 | 297.47 |
| Woodie | 279.86 | 284.59 | 289.78 | 294.51 | 299.70 | 304.43 | 309.62 |
| Fibonacci | 284.51 | 288.30 | 290.64 | 294.43 | 298.22 | 300.56 | 304.35 |
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): | 44.00 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -8.23 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 295.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 294.70 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 296.09 | |
| Zig ZAG (10): | 295.40 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 52.27 | |
| TEMA (21): | 295.19 | |
| Williams %R (14): | -42.17 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 296.06 | |
| MA20: | 295.82 | |
| MA50: | 295.33 | |
| MA100: | 299.61 | |
| MAexp7: | 295.15 | |
| MAexp20: | 295.21 | |
| MAexp50: | 295.41 | |
| MAexp100: | 295.67 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | -0.13% | |
| Price / MA100: | -1.56% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.24% |
Quotes :
2021-02-24 08:31:48
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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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