Londinia Opportunities Analyses - 09/22/2021 (GMT) USD/HUF - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 301.68 HUF
My targets
305.47 HUF (+2.36)
306.21 HUF (+3.10)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/HUF as long as the price remains well above 301.68 HUF. The buyers' bullish objective is set at 305.47 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 306.21 HUF. If there is any crossing, the next objective would be the resistance located at 310.25 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The USD/HUF price is 303.11 HUF. The price has increased by +0.77% since the last closing and was traded between 300.60 HUF and 303.21 HUF over the period. The price is currently at +0.83% from its lowest and -0.03% from its highest.300.60
303.21
303.11
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/HUF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 301.02 | 301.68 | 302.81 | 303.11 | 306.21 | 310.25 | 315.02 |
| Change (%) | -0.69% | -0.47% | -0.10% | - | +1.02% | +2.36% | +3.93% |
| Change | -2.09 | -1.43 | -0.30 | - | +3.10 | +7.14 | +11.91 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 297.81 | 299.10 | 299.94 | 301.23 | 302.07 | 303.36 | 304.20 |
| Camarilla | 300.20 | 300.40 | 300.60 | 300.79 | 300.99 | 301.18 | 301.38 |
| Woodie | 297.60 | 298.99 | 299.73 | 301.12 | 301.86 | 303.25 | 303.99 |
| Fibonacci | 299.10 | 299.91 | 300.41 | 301.23 | 302.04 | 302.54 | 303.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 290.23 | 292.47 | 296.73 | 298.97 | 303.23 | 305.47 | 309.73 |
| Camarilla | 299.20 | 299.80 | 300.39 | 300.99 | 301.59 | 302.18 | 302.78 |
| Woodie | 291.24 | 292.98 | 297.74 | 299.48 | 304.24 | 305.98 | 310.74 |
| Fibonacci | 292.47 | 294.95 | 296.49 | 298.97 | 301.45 | 302.99 | 305.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 282.10 | 288.05 | 291.79 | 297.74 | 301.48 | 307.43 | 311.17 |
| Camarilla | 292.87 | 293.75 | 294.64 | 295.53 | 296.42 | 297.31 | 298.20 |
| Woodie | 281.00 | 287.50 | 290.69 | 297.19 | 300.38 | 306.88 | 310.07 |
| Fibonacci | 288.05 | 291.75 | 294.04 | 297.74 | 301.44 | 303.73 | 307.43 |
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): | 64.32 | |
| MACD (12,26,9): | 0.4600 | |
| Directional Movement: | 11.59 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 302.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 302.05 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 301.49 | |
| Zig ZAG (10): | 302.78 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 79.64 | |
| TEMA (21): | 302.94 | |
| Williams %R (14): | -19.46 | |
| Chande Momentum Oscillator (20): | 1.88 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.26 |
| MA7: | 299.49 | |
| MA20: | 296.57 | |
| MA50: | 299.46 | |
| MA100: | 295.78 | |
| MAexp7: | 302.63 | |
| MAexp20: | 301.98 | |
| MAexp50: | 301.42 | |
| MAexp100: | 300.52 | |
| Price / MA7: | +1.21% | |
| Price / MA20: | +2.21% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +2.48% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.86% |
Quotes :
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Real time data
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Forex