USD/HUF - 1H - Technical analysis published on 09/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 296.02 HUF
My targets
297.51 HUF (+0.89)
300.27 HUF (+3.65)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/HUF as long as the price remains well above 296.02 HUF. The buyers' bullish objective is set at 297.51 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 300.27 HUF. If there is any crossing, the next objective would be the resistance located at 302.81 HUF.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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 296.62 HUF. The price registered an increase of +0.05% on the session and was between 296.17 HUF and 296.70 HUF. This implies that the price is at +0.15% from its lowest and at -0.03% from its highest.296.17
296.70
296.62
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/HUF:
Technical
Technical analysis of USD/HUF in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 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
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 294.54 | 294.99 | 296.02 | 296.62 | 296.68 | 297.51 | 300.27 |
| Change (%) | -0.70% | -0.55% | -0.20% | - | +0.02% | +0.30% | +1.23% |
| Change | -2.08 | -1.63 | -0.60 | - | +0.06 | +0.89 | +3.65 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 293.66 | 294.31 | 295.38 | 296.03 | 297.10 | 297.75 | 298.82 |
| Camarilla | 295.99 | 296.15 | 296.30 | 296.46 | 296.62 | 296.78 | 296.93 |
| Woodie | 293.88 | 294.42 | 295.60 | 296.14 | 297.32 | 297.86 | 299.04 |
| Fibonacci | 294.31 | 294.96 | 295.37 | 296.03 | 296.68 | 297.09 | 297.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 287.69 | 289.93 | 293.01 | 295.25 | 298.33 | 300.57 | 303.65 |
| Camarilla | 294.62 | 295.11 | 295.59 | 296.08 | 296.57 | 297.06 | 297.54 |
| Woodie | 288.10 | 290.14 | 293.42 | 295.46 | 298.74 | 300.78 | 304.06 |
| Fibonacci | 289.93 | 291.97 | 293.22 | 295.25 | 297.29 | 298.54 | 300.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 282.10 | 288.05 | 291.79 | 297.74 | 301.48 | 307.43 | 311.17 |
| Camarilla | 292.87 | 293.75 | 294.64 | 295.53 | 296.42 | 297.31 | 298.20 |
| Woodie | 281.00 | 287.50 | 290.69 | 297.19 | 300.38 | 306.88 | 310.07 |
| Fibonacci | 288.05 | 291.75 | 294.04 | 297.74 | 301.44 | 303.73 | 307.43 |
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): | 57.31 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 1.64 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 296.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 295.60 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 296.89 | |
| Zig ZAG (10): | 296.49 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 83.02 | |
| TEMA (21): | 296.48 | |
| Williams %R (14): | -24.44 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.33 |
| MA7: | 296.03 | |
| MA20: | 295.93 | |
| MA50: | 299.54 | |
| MA100: | 295.68 | |
| MAexp7: | 296.45 | |
| MAexp20: | 296.30 | |
| MAexp50: | 296.26 | |
| MAexp100: | 296.06 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | +0.32% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.19% |
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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