Londinia Opportunities Analyses - 06/08/2023 (GMT) CAD/HUF - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 257.33 HUF
My targets
259.86 HUF (+1.78)
262.89 HUF (+4.81)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/HUF as long as the price remains well above 257.33 HUF. The buyers' bullish objective is set at 259.86 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 262.89 HUF. If there is any crossing, the next objective would be the resistance located at 272.33 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CAD/HUF rating is 258.08 HUF. The price has increased by +0.23% since the last closing and was traded between 257.44 HUF and 258.17 HUF over the period. The price is currently at +0.25% from its lowest and -0.03% from its highest.257.44
258.17
258.08
Here is a more detailed summary of the historical variations registered by CAD/HUF:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 256.10 | 257.33 | 258.05 | 258.08 | 259.86 | 272.33 | 300.10 |
| Change (%) | -0.77% | -0.29% | -0.01% | - | +0.69% | +5.52% | +16.28% |
| Change | -1.98 | -0.75 | -0.03 | - | +1.78 | +14.25 | +42.02 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 254.23 | 255.16 | 256.33 | 257.26 | 258.43 | 259.36 | 260.53 |
| Camarilla | 256.92 | 257.12 | 257.31 | 257.50 | 257.69 | 257.89 | 258.08 |
| Woodie | 254.35 | 255.22 | 256.45 | 257.32 | 258.55 | 259.42 | 260.65 |
| Fibonacci | 255.16 | 255.96 | 256.46 | 257.26 | 258.06 | 258.56 | 259.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 250.50 | 251.91 | 254.63 | 256.04 | 258.76 | 260.17 | 262.89 |
| Camarilla | 256.22 | 256.60 | 256.98 | 257.36 | 257.74 | 258.12 | 258.50 |
| Woodie | 251.17 | 252.24 | 255.30 | 256.37 | 259.43 | 260.50 | 263.56 |
| Fibonacci | 251.91 | 253.48 | 254.46 | 256.04 | 257.61 | 258.59 | 260.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 235.50 | 241.62 | 248.55 | 254.67 | 261.60 | 267.72 | 274.65 |
| Camarilla | 251.90 | 253.10 | 254.29 | 255.49 | 256.69 | 257.88 | 259.08 |
| Woodie | 235.92 | 241.82 | 248.97 | 254.87 | 262.02 | 267.92 | 275.07 |
| Fibonacci | 241.62 | 246.60 | 249.68 | 254.67 | 259.65 | 262.73 | 267.72 |
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): | 61.00 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 11.82 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 257.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 257.15 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 258.00 | |
| Zig ZAG (10): | 257.93 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 46.19 | |
| TEMA (21): | 257.81 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.46 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.29 |
| MA7: | 256.90 | |
| MA20: | 255.50 | |
| MA50: | 254.15 | |
| MA100: | 259.75 | |
| MAexp7: | 257.72 | |
| MAexp20: | 257.57 | |
| MAexp50: | 257.30 | |
| MAexp100: | 256.94 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | -0.64% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.45% |
Quotes :
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Real time data
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Forex