Londinia Opportunities Analyses - 06/08/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 343.95 HUF
My targets
341.19 HUF (-1.91)
339.00 HUF (-4.10)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/HUF as long as the price remains well below 343.95 HUF. The sellers' bearish objective is set at 341.19 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 339.00 HUF. In case of crossing, the next objective would be the support located at 309.17 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The USD/HUF rating is 343.10 HUF. On the day, this instrument lost -0.35% and was traded between 342.93 HUF and 345.12 HUF over the period. The price is currently at +0.05% from its lowest and -0.59% from its highest.342.93
345.12
343.10
A study of price movements over other periods shows the following variations:
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 USD/HUF in 1H shows a overall strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
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 : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 309.17 | 339.00 | 342.78 | 343.10 | 343.95 | 344.63 | 345.58 |
| Change (%) | -9.89% | -1.19% | -0.09% | - | +0.25% | +0.45% | +0.72% |
| Change | -33.93 | -4.10 | -0.32 | - | +0.85 | +1.53 | +2.48 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | 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 | 340.06 | 341.42 | 342.86 | 344.22 | 345.66 | 347.02 | 348.46 |
| Camarilla | 343.53 | 343.79 | 344.04 | 344.30 | 344.56 | 344.81 | 345.07 |
| Woodie | 340.10 | 341.44 | 342.90 | 344.24 | 345.70 | 347.04 | 348.50 |
| Fibonacci | 341.42 | 342.49 | 343.15 | 344.22 | 345.29 | 345.95 | 347.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 338.74 | 341.19 | 343.34 | 345.79 | 347.94 | 350.39 | 352.54 |
| Camarilla | 344.24 | 344.66 | 345.08 | 345.50 | 345.92 | 346.34 | 346.77 |
| Woodie | 338.60 | 341.12 | 343.20 | 345.72 | 347.80 | 350.32 | 352.40 |
| Fibonacci | 341.19 | 342.94 | 344.03 | 345.79 | 347.54 | 348.63 | 350.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 321.88 | 328.84 | 337.73 | 344.69 | 353.58 | 360.54 | 369.43 |
| Camarilla | 342.27 | 343.72 | 345.18 | 346.63 | 348.08 | 349.54 | 350.99 |
| Woodie | 322.86 | 329.32 | 338.71 | 345.17 | 354.56 | 361.02 | 370.41 |
| Fibonacci | 328.84 | 334.89 | 338.63 | 344.69 | 350.74 | 354.48 | 360.54 |
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): | 36.60 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -6.60 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 343.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 345.17 | |
| Elder Ray (13): | -0.67 | |
| Super Trend (3,10): | 345.07 | |
| Zig ZAG (10): | 343.37 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 8.50 | |
| TEMA (21): | 343.83 | |
| Williams %R (14): | -90.43 | |
| Chande Momentum Oscillator (20): | -0.75 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.31 |
| MA7: | 344.86 | |
| MA20: | 344.90 | |
| MA50: | 342.83 | |
| MA100: | 351.03 | |
| MAexp7: | 343.88 | |
| MAexp20: | 344.17 | |
| MAexp50: | 344.42 | |
| MAexp100: | 344.75 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | +0.08% | |
| Price / MA100: | -2.26% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.49% |
Quotes :
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Real time data
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Forex