USD/HUF - 1H - Technical analysis published on 11/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 321.17 HUF
My targets
319.28 HUF (-1.31)
317.13 HUF (-3.46)
My analysis
USD/HUF is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 321.17 HUF, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 319.28 HUF. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 317.13 HUF would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 315.02 HUF. Beware of a possible return to above the resistance located at 321.17 HUF which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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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 320.59 HUF. The price registered a decrease of -0.42% on the session with the lowest point at 319.33 HUF and the highest point at 322.10 HUF. The deviation from the price is +0.39% for the low point and -0.47% for the high point.319.33
322.10
320.59
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/HUF in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 313.30 | 315.02 | 319.28 | 320.59 | 321.17 | 322.28 | 324.18 |
| Change (%) | -2.27% | -1.74% | -0.41% | - | +0.18% | +0.53% | +1.12% |
| Change | -7.29 | -5.57 | -1.31 | - | +0.58 | +1.69 | +3.59 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 317.67 | 319.42 | 320.68 | 322.43 | 323.69 | 325.44 | 326.70 |
| Camarilla | 321.11 | 321.39 | 321.66 | 321.94 | 322.22 | 322.49 | 322.77 |
| Woodie | 317.43 | 319.30 | 320.44 | 322.31 | 323.45 | 325.32 | 326.46 |
| Fibonacci | 319.42 | 320.57 | 321.28 | 322.43 | 323.58 | 324.29 | 325.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 302.49 | 306.24 | 313.38 | 317.13 | 324.27 | 328.02 | 335.16 |
| Camarilla | 317.52 | 318.51 | 319.51 | 320.51 | 321.51 | 322.51 | 323.51 |
| Woodie | 304.18 | 307.09 | 315.07 | 317.98 | 325.96 | 328.87 | 336.85 |
| Fibonacci | 306.24 | 310.40 | 312.97 | 317.13 | 321.29 | 323.86 | 328.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 294.77 | 300.09 | 305.85 | 311.17 | 316.93 | 322.25 | 328.01 |
| Camarilla | 308.55 | 309.57 | 310.58 | 311.60 | 312.62 | 313.63 | 314.65 |
| Woodie | 294.98 | 300.20 | 306.06 | 311.28 | 317.14 | 322.36 | 328.22 |
| Fibonacci | 300.09 | 304.33 | 306.94 | 311.17 | 315.41 | 318.02 | 322.25 |
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): | 45.96 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -8.00 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 320.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 319.47 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 322.03 | |
| Zig ZAG (10): | 321.05 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 62.45 | |
| TEMA (21): | 320.66 | |
| Williams %R (14): | -40.79 | |
| Chande Momentum Oscillator (20): | -0.79 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.56 |
| MA7: | 320.51 | |
| MA20: | 314.76 | |
| MA50: | 309.72 | |
| MA100: | 304.72 | |
| MAexp7: | 320.98 | |
| MAexp20: | 321.13 | |
| MAexp50: | 321.41 | |
| MAexp100: | 320.75 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +3.51% | |
| Price / MA100: | +5.21% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.06% |
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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