USD/HUF - 1H - Technical analysis published on 01/14/2025 (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:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 403.08 HUF
My targets
401.08 HUF (-1.47)
400.22 HUF (-2.33)
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 403.08 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 401.08 HUF. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 400.22 HUF would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 397.86 HUF. Beware of a possible return to above the resistance located at 403.08 HUF which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.1
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/HUF rating is 402.55 HUF. On the day, this instrument gained +0.08% and was traded between 402.11 HUF and 402.85 HUF over the period. The price is currently at +0.11% from its lowest and -0.07% from its highest.402.11
402.85
402.55
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/HUF in 1H shows an overall slightly bearish trend. 53.57% 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 shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 397.86 | 400.22 | 401.08 | 402.55 | 403.08 | 405.11 | 406.68 |
| Change (%) | -1.17% | -0.58% | -0.37% | - | +0.13% | +0.64% | +1.03% |
| Change | -4.69 | -2.33 | -1.47 | - | +0.53 | +2.56 | +4.13 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 395.19 | 398.37 | 400.31 | 403.49 | 405.43 | 408.61 | 410.55 |
| Camarilla | 400.83 | 401.30 | 401.77 | 402.24 | 402.71 | 403.18 | 403.65 |
| Woodie | 394.56 | 398.06 | 399.68 | 403.18 | 404.80 | 408.30 | 409.92 |
| Fibonacci | 398.37 | 400.33 | 401.54 | 403.49 | 405.45 | 406.66 | 408.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 390.32 | 393.49 | 398.80 | 401.97 | 407.28 | 410.45 | 415.76 |
| Camarilla | 401.77 | 402.55 | 403.32 | 404.10 | 404.88 | 405.66 | 406.43 |
| Woodie | 391.38 | 394.03 | 399.86 | 402.51 | 408.34 | 410.99 | 416.82 |
| Fibonacci | 393.49 | 396.73 | 398.73 | 401.97 | 405.21 | 407.21 | 410.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 376.97 | 382.48 | 390.01 | 395.52 | 403.05 | 408.56 | 416.09 |
| Camarilla | 393.96 | 395.16 | 396.36 | 397.55 | 398.75 | 399.94 | 401.14 |
| Woodie | 377.99 | 382.99 | 391.03 | 396.03 | 404.07 | 409.07 | 417.11 |
| Fibonacci | 382.48 | 387.46 | 390.54 | 395.52 | 400.50 | 403.58 | 408.56 |
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): | 41.08 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | -11.91 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 403.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 404.82 | |
| Elder Ray (13): | -0.86 | |
| Super Trend (3,10): | 405.04 | |
| Zig ZAG (10): | 402.60 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 20.98 | |
| TEMA (21): | 402.67 | |
| Williams %R (14): | -76.38 | |
| Chande Momentum Oscillator (20): | -2.23 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.15 |
| MA7: | 402.15 | |
| MA20: | 398.53 | |
| MA50: | 392.03 | |
| MA100: | 377.00 | |
| MAexp7: | 402.88 | |
| MAexp20: | 403.58 | |
| MAexp50: | 403.39 | |
| MAexp100: | 402.68 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +2.68% | |
| Price / MA100: | +6.78% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.03% |
Quotes :
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Real time data
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Forex
News
The last news published on USD/HUF at the time of the generation of this analysis was as follows:
USD/HUF Forecast July 17, 2024This member declared not having a position on this financial instrument or a related financial instrument.
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