USD/HUF - 1H - Technical analysis published on 08/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 300.27 HUF
My targets
298.35 HUF (-1.52)
294.54 HUF (-5.33)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/HUF as long as the price remains well below 300.27 HUF. The next bearish objective for sellers is set at 298.35 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 294.54 HUF. If there is any crossing, the next objective would be the support located at 289.85 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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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
USD/HUF rating 299.87 HUF. The price registered a decrease of -0.20% on the session and was between 299.72 HUF and 300.61 HUF. This implies that the price is at +0.05% from its lowest and at -0.25% from its highest.299.72
300.61
299.87
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
Here is a more detailed summary of the historical variations registered by USD/HUF:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/HUF in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
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 support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 289.85 | 294.54 | 299.63 | 299.87 | 300.27 | 302.79 | 304.68 |
| Change (%) | -3.34% | -1.78% | -0.08% | - | +0.13% | +0.97% | +1.60% |
| Change | -10.02 | -5.33 | -0.24 | - | +0.40 | +2.92 | +4.81 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 295.39 | 297.38 | 298.92 | 300.91 | 302.45 | 304.44 | 305.98 |
| Camarilla | 299.49 | 299.81 | 300.14 | 300.46 | 300.78 | 301.11 | 301.43 |
| Woodie | 295.17 | 297.27 | 298.70 | 300.80 | 302.23 | 304.33 | 305.76 |
| Fibonacci | 297.38 | 298.73 | 299.56 | 300.91 | 302.26 | 303.09 | 304.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 290.26 | 294.94 | 298.35 | 303.03 | 306.44 | 311.12 | 314.53 |
| Camarilla | 299.53 | 300.27 | 301.01 | 301.75 | 302.49 | 303.23 | 303.98 |
| Woodie | 289.62 | 294.62 | 297.71 | 302.71 | 305.80 | 310.80 | 313.89 |
| Fibonacci | 294.94 | 298.03 | 299.94 | 303.03 | 306.12 | 308.03 | 311.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 283.06 | 289.18 | 295.47 | 301.59 | 307.88 | 314.00 | 320.29 |
| Camarilla | 298.34 | 299.48 | 300.61 | 301.75 | 302.89 | 304.03 | 305.16 |
| Woodie | 283.14 | 289.22 | 295.55 | 301.63 | 307.96 | 314.04 | 320.37 |
| Fibonacci | 289.18 | 293.92 | 296.85 | 301.59 | 306.33 | 309.26 | 314.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.40 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | 1.00 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 299.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 299.67 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 301.36 | |
| Zig ZAG (10): | 299.88 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 21.76 | |
| TEMA (21): | 299.87 | |
| Williams %R (14): | -87.69 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.06 |
| MA7: | 302.47 | |
| MA20: | 303.02 | |
| MA50: | 295.69 | |
| MA100: | 297.72 | |
| MAexp7: | 300.09 | |
| MAexp20: | 300.30 | |
| MAexp50: | 300.90 | |
| MAexp100: | 301.79 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +0.72% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.64% |
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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