USD/HUF - 1H - Technical analysis published on 10/20/2021 (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:
Neutral
Underlying:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 310.25 HUF
My targets
311.85 HUF (+0.83)
312.67 HUF (+1.65)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 310.25 HUF remains possible. It is advisable to trade USD/HUF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 310.25 HUF. The next bullish objective for buyers is set at 311.85 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 312.67 HUF. If there is any crossing, the next objective would be the resistance located at 315.02 HUF. PS: if there is a bearish break in the support located at 310.25 HUF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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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 311.02 HUF. On the day, this instrument lost -0.18% with the lowest point at 310.90 HUF and the highest point at 311.68 HUF. The deviation from the price is +0.04% for the low point and -0.21% for the high point.310.90
311.68
311.02
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/HUF chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 309.74 | 310.25 | 310.76 | 311.02 | 311.85 | 312.67 | 315.02 |
| Change (%) | -0.41% | -0.25% | -0.08% | - | +0.27% | +0.53% | +1.29% |
| Change | -1.28 | -0.77 | -0.26 | - | +0.83 | +1.65 | +4.00 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 306.01 | 307.23 | 309.40 | 310.62 | 312.79 | 314.01 | 316.18 |
| Camarilla | 310.64 | 310.95 | 311.26 | 311.57 | 311.88 | 312.19 | 312.50 |
| Woodie | 306.49 | 307.47 | 309.88 | 310.86 | 313.27 | 314.25 | 316.66 |
| Fibonacci | 307.23 | 308.53 | 309.33 | 310.62 | 311.92 | 312.72 | 314.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 304.01 | 306.41 | 308.32 | 310.72 | 312.63 | 315.03 | 316.94 |
| Camarilla | 309.05 | 309.44 | 309.84 | 310.23 | 310.63 | 311.02 | 311.42 |
| Woodie | 303.77 | 306.29 | 308.08 | 310.60 | 312.39 | 314.91 | 316.70 |
| Fibonacci | 306.41 | 308.06 | 309.07 | 310.72 | 312.37 | 313.38 | 315.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 277.27 | 284.58 | 297.44 | 304.75 | 317.61 | 324.92 | 337.78 |
| Camarilla | 304.75 | 306.60 | 308.45 | 310.30 | 312.15 | 314.00 | 315.85 |
| Woodie | 280.05 | 285.97 | 300.22 | 306.14 | 320.39 | 326.31 | 340.56 |
| Fibonacci | 284.58 | 292.29 | 297.05 | 304.75 | 312.46 | 317.22 | 324.92 |
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): | 51.51 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 0.64 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 311.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 311.78 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 310.03 | |
| Zig ZAG (10): | 311.27 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 36.71 | |
| TEMA (21): | 311.45 | |
| Williams %R (14): | -57.45 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.52 |
| MA7: | 311.06 | |
| MA20: | 309.39 | |
| MA50: | 302.17 | |
| MA100: | 299.87 | |
| MAexp7: | 311.21 | |
| MAexp20: | 311.08 | |
| MAexp50: | 310.88 | |
| MAexp100: | 310.77 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | +3.72% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
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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