USD/HUF
USD HUF
- HUF (-)
- Real time data - Forex
Open: -
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High / Low range: -
Type: Forex
Ticker: USDHUF
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USD/HUF - 1H - Technical analysis published on 12/22/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 325.70 HUF
My targets
324.16 HUF (-1.15)
322.97 HUF (-2.34)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/HUF, which is a positive signal for sellers. As long as the price remains above 325.70 HUF, a sale could be considered. The first bearish objective is located at 324.16 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 322.97 HUF as an objective. Crossing it would then enable sellers to target 321.84 HUF. If the price were to return above 325.70 HUF, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/HUF price is 325.31 HUF. On the day, this instrument lost -0.18% with the lowest point at 324.63 HUF and the highest point at 326.53 HUF. The deviation from the price is +0.21% for the low point and -0.37% for the high point.

324.63
326.53
325.31

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/HUF chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported 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.

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 322.97 324.16 325.11 325.31 325.70 326.87 329.32
Change (%) -0.72% -0.35% -0.06% - +0.12% +0.48% +1.23%
Change -2.34 -1.15 -0.20 - +0.39 +1.56 +4.01
Level Intermediate Intermediate Intermediate - Minor Intermediate Major



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
Standard322.64323.88324.89326.13327.14328.38329.39
Camarilla325.27325.48325.68325.89326.10326.30326.51
Woodie322.52323.82324.77326.07327.02328.32329.27
Fibonacci323.88324.74325.27326.13326.99327.52328.38


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard316.50319.73323.25326.48330.00333.23336.75
Camarilla324.90325.52326.14326.76327.38328.00328.62
Woodie316.64319.80323.39326.55330.14333.30336.89
Fibonacci319.73322.31323.91326.48329.06330.66333.23


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard287.85298.24310.12320.51332.39342.78354.66
Camarilla315.89317.93319.97322.01324.05326.09328.13
Woodie288.61298.61310.88320.88333.15343.15355.42
Fibonacci298.24306.74312.00320.51329.01334.27342.78

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): 42.91
MACD (12,26,9): -0.1100
Directional Movement: -6.69
AROON (14): -64.29
DEMA (21): 325.59
Parabolic SAR (0,02-0,02-0,2): 326.48
Elder Ray (13): -0.54
Super Trend (3,10): 327.35
Zig ZAG (10): 324.67
VORTEX (21): 0.9300
Stochastique (14,3,5): 22.11
TEMA (21): 325.45
Williams %R (14): -90.53
Chande Momentum Oscillator (20): -1.15
Repulse (5,40,3): -0.3500
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.18
MA7: 326.12
MA20: 324.63
MA50: 319.35
MA100: 310.26
MAexp7: 325.50
MAexp20: 325.78
MAexp50: 325.88
MAexp100: 325.88
Price / MA7: -0.25%
Price / MA20: +0.21%
Price / MA50: +1.87%
Price / MA100: +4.85%
Price / MAexp7: -0.07%
Price / MAexp20: -0.16%
Price / MAexp50: -0.19%
Price / MAexp100: -0.19%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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