USD/HUF - Daily - Technical analysis published on 01/12/2022 (GMT)
- 188
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
6%
89%
6%
My opinion
Bearish under 315.02 HUF
My targets
306.25 HUF (-4.83)
300.27 HUF (-10.81)
My analysis
The strong short-term decline of USD/HUF reinforces the current slightly bearish trend. As long as the price remains below 315.02 HUF, you could take advantage of this bearish acceleration. The first bearish objective is located at 306.25 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 300.27 HUF as an objective. Crossing it would then enable sellers to target 292.56 HUF. A return to above 315.02 HUF would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.8
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:
Additional analysis
Quotes
The USD/HUF rating is 311.08 HUF. On the day, this instrument lost -1.01% and was traded between 310.92 HUF and 314.59 HUF over the period. The price is currently at +0.05% from its lowest and -1.12% from its highest.310.92
314.59
311.08
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/HUF indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 292.56 | 300.27 | 306.25 | 311.08 | 315.02 | 320.48 | 325.18 |
| Change (%) | -5.95% | -3.47% | -1.55% | - | +1.27% | +3.02% | +4.53% |
| Change | -18.52 | -10.81 | -4.83 | - | +3.94 | +9.40 | +14.10 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 309.92 | 311.80 | 313.02 | 314.90 | 316.12 | 318.00 | 319.22 |
| Camarilla | 313.39 | 313.67 | 313.96 | 314.24 | 314.52 | 314.81 | 315.09 |
| Woodie | 309.59 | 311.64 | 312.69 | 314.74 | 315.79 | 317.84 | 318.89 |
| Fibonacci | 311.80 | 312.98 | 313.72 | 314.90 | 316.08 | 316.82 | 318.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 301.36 | 308.42 | 312.15 | 319.21 | 322.94 | 330.00 | 333.73 |
| Camarilla | 312.91 | 313.90 | 314.89 | 315.88 | 316.87 | 317.86 | 318.85 |
| Woodie | 299.70 | 307.59 | 310.49 | 318.38 | 321.28 | 329.17 | 332.07 |
| Fibonacci | 308.42 | 312.54 | 315.09 | 319.21 | 323.33 | 325.88 | 330.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 308.08 | 313.40 | 319.08 | 324.40 | 330.08 | 335.40 | 341.08 |
| Camarilla | 321.74 | 322.74 | 323.75 | 324.76 | 325.77 | 326.78 | 327.79 |
| Woodie | 308.26 | 313.49 | 319.26 | 324.49 | 330.26 | 335.49 | 341.26 |
| Fibonacci | 313.40 | 317.60 | 320.20 | 324.40 | 328.60 | 331.20 | 335.40 |
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): | 23.69 | |
| MACD (12,26,9): | -2.3000 | |
| Directional Movement: | -20.02 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 318.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 323.49 | |
| Elder Ray (13): | -6.44 | |
| Super Trend (3,10): | 322.84 | |
| Zig ZAG (10): | 311.02 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 5.05 | |
| TEMA (21): | 315.14 | |
| Williams %R (14): | -99.66 | |
| Chande Momentum Oscillator (20): | -15.42 | |
| Repulse (5,40,3): | -2.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 5.59 |
| MA7: | 317.00 | |
| MA20: | 322.79 | |
| MA50: | 322.39 | |
| MA100: | 313.60 | |
| MAexp7: | 316.56 | |
| MAexp20: | 320.72 | |
| MAexp50: | 320.22 | |
| MAexp100: | 315.62 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | -3.63% | |
| Price / MA50: | -3.51% | |
| Price / MA100: | -0.80% | |
| Price / MAexp7: | -1.73% | |
| Price / MAexp20: | -3.01% | |
| Price / MAexp50: | -2.85% | |
| Price / MAexp100: | -1.44% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/HUF - Daily