USD/HUF - 1H - Technical analysis published on 04/12/2021 (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
33%
33%
33%
My opinion
Bearish under 300.27 HUF
My targets
297.67 HUF (-2.02)
294.54 HUF (-5.15)
My analysis
The bearish trend is currently very strong for USD/HUF. As long as the price remains below the resistance at 300.27 HUF, you could try to take advantage of the bearish rally. The first bearish objective is located at 297.67 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 294.54 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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
The USD/HUF rating is 299.69 HUF. On the day, this instrument lost -0.29% and was traded between 299.00 HUF and 301.29 HUF over the period. The price is currently at +0.23% from its lowest and -0.53% from its highest.299.00
301.29
299.69
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/HUF:
Near a new HIGH record (1 month)
Type : Bullish
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 290.11 | 294.54 | 297.67 | 299.69 | 300.27 | 304.56 | 306.11 |
| Change (%) | -3.20% | -1.72% | -0.67% | - | +0.19% | +1.63% | +2.14% |
| Change | -9.58 | -5.15 | -2.02 | - | +0.58 | +4.87 | +6.42 |
| Level | Major | Minor | Minor | - | Major | 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 | 297.35 | 298.73 | 299.64 | 301.02 | 301.93 | 303.31 | 304.22 |
| Camarilla | 299.93 | 300.14 | 300.35 | 300.56 | 300.77 | 300.98 | 301.19 |
| Woodie | 297.13 | 298.61 | 299.42 | 300.90 | 301.71 | 303.19 | 304.00 |
| Fibonacci | 298.73 | 299.60 | 300.14 | 301.02 | 301.89 | 302.43 | 303.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 289.82 | 294.96 | 297.76 | 302.90 | 305.70 | 310.84 | 313.64 |
| Camarilla | 298.38 | 299.10 | 299.83 | 300.56 | 301.29 | 302.02 | 302.74 |
| Woodie | 288.65 | 294.38 | 296.59 | 302.32 | 304.53 | 310.26 | 312.47 |
| Fibonacci | 294.96 | 297.99 | 299.87 | 302.90 | 305.93 | 307.81 | 310.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 289.46 | 294.16 | 301.47 | 306.17 | 313.48 | 318.18 | 325.49 |
| Camarilla | 305.47 | 306.57 | 307.67 | 308.77 | 309.87 | 310.97 | 312.07 |
| Woodie | 290.76 | 294.81 | 302.77 | 306.82 | 314.78 | 318.83 | 326.79 |
| Fibonacci | 294.16 | 298.75 | 301.59 | 306.17 | 310.76 | 313.60 | 318.18 |
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): | 45.13 | |
| MACD (12,26,9): | -0.4100 | |
| Directional Movement: | -2.58 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 299.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 303.18 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 301.96 | |
| Zig ZAG (10): | 299.80 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 16.47 | |
| TEMA (21): | 299.59 | |
| Williams %R (14): | -63.76 | |
| Chande Momentum Oscillator (20): | -0.79 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.32 |
| MA7: | 302.76 | |
| MA20: | 306.35 | |
| MA50: | 302.42 | |
| MA100: | 299.26 | |
| MAexp7: | 299.81 | |
| MAexp20: | 300.30 | |
| MAexp50: | 300.90 | |
| MAexp100: | 301.94 | |
| Price / MA7: | -1.01% | |
| Price / MA20: | -2.17% | |
| Price / MA50: | -0.90% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.75% |
Quotes :
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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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