Londinia Opportunities Analyses - 06/07/2023 (GMT) CHF/HUF - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 379.61 HUF
My targets
376.61 HUF (-2.01)
372.38 HUF (-6.24)
My analysis
The bearish trend is currently very strong for CHF/HUF. As long as the price remains below the resistance at 379.61 HUF, you could try to take advantage of the bearish rally. The first bearish objective is located at 376.61 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 372.38 HUF as an objective. Crossing it would then enable sellers to target 324.67 HUF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
CHF/HUF rating 378.62 HUF. On the day, this instrument lost -0.31% and was traded between 378.40 HUF and 381.21 HUF over the period. The price is currently at +0.06% from its lowest and -0.68% from its highest.378.40
381.21
378.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HUF chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 294.24 | 324.67 | 372.38 | 378.62 | 378.84 | 379.61 | 381.40 |
| Change (%) | -22.29% | -14.25% | -1.65% | - | +0.06% | +0.26% | +0.73% |
| Change | -84.38 | -53.95 | -6.24 | - | +0.22 | +0.99 | +2.78 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 376.15 | 377.52 | 378.65 | 380.02 | 381.15 | 382.52 | 383.65 |
| Camarilla | 379.10 | 379.33 | 379.56 | 379.79 | 380.02 | 380.25 | 380.48 |
| Woodie | 376.04 | 377.46 | 378.54 | 379.96 | 381.04 | 382.46 | 383.54 |
| Fibonacci | 377.52 | 378.47 | 379.06 | 380.02 | 380.97 | 381.56 | 382.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 373.61 | 376.61 | 378.30 | 381.30 | 382.99 | 385.99 | 387.68 |
| Camarilla | 378.71 | 379.14 | 379.57 | 380.00 | 380.43 | 380.86 | 381.29 |
| Woodie | 372.97 | 376.28 | 377.66 | 380.97 | 382.35 | 385.66 | 387.04 |
| Fibonacci | 376.61 | 378.40 | 379.51 | 381.30 | 383.09 | 384.20 | 385.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 362.37 | 369.41 | 375.16 | 382.20 | 387.95 | 394.99 | 400.74 |
| Camarilla | 377.39 | 378.57 | 379.74 | 380.91 | 382.08 | 383.26 | 384.43 |
| Woodie | 361.73 | 369.09 | 374.52 | 381.88 | 387.31 | 394.67 | 400.10 |
| Fibonacci | 369.41 | 374.30 | 377.31 | 382.20 | 387.09 | 390.10 | 394.99 |
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): | 33.26 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -0.95 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 379.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 380.13 | |
| Elder Ray (13): | -0.58 | |
| Super Trend (3,10): | 380.70 | |
| Zig ZAG (10): | 378.52 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 11.39 | |
| TEMA (21): | 378.87 | |
| Williams %R (14): | -95.73 | |
| Chande Momentum Oscillator (20): | -1.86 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.47 |
| MA7: | 380.18 | |
| MA20: | 381.77 | |
| MA50: | 381.29 | |
| MA100: | 385.00 | |
| MAexp7: | 378.97 | |
| MAexp20: | 379.45 | |
| MAexp50: | 379.77 | |
| MAexp100: | 380.16 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -1.66% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.41% |
Quotes :
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Real time data
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Forex