Londinia Opportunities Analyses - 06/08/2023 (GMT) CAD/HUF - 1H

- HUF (-)
- Real time data - Forex
Type: Forex
Ticker: CADHUF

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
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.

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.

Additional analysis


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.


Here is a more detailed summary of the historical variations registered by CAD/HUF:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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 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:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

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
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 : - Real time data - Forex