Londinia Opportunities Analyses - 05/03/2024 (GMT) EUR/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%
67%
28%
My opinion
Bearish under 389.66 HUF
My targets
387.32 HUF (-1.53)
385.14 HUF (-3.71)
My analysis
The bearish trend is currently very strong for EUR/HUF. As long as the price remains below the resistance at 389.66 HUF, you could try to take advantage of the bearish rally. The first bearish objective is located at 387.32 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 385.14 HUF as an objective. Crossing it would then enable sellers to target 379.68 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.
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
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Additional analysis
Quotes
The EUR/HUF rating is 388.85 HUF. The price registered a decrease of -0.11% on the session with the lowest point at 388.66 HUF and the highest point at 390.17 HUF. The deviation from the price is +0.05% for the low point and -0.34% for the high point.388.66
390.17
388.85
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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 EUR/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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
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 | 385.14 | 387.32 | 388.73 | 388.85 | 389.66 | 391.45 | 392.68 |
| Change (%) | -0.95% | -0.39% | -0.03% | - | +0.21% | +0.67% | +0.98% |
| Change | -3.71 | -1.53 | -0.12 | - | +0.81 | +2.60 | +3.83 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 386.93 | 387.83 | 388.56 | 389.46 | 390.19 | 391.09 | 391.82 |
| Camarilla | 388.84 | 388.99 | 389.14 | 389.29 | 389.44 | 389.59 | 389.74 |
| Woodie | 386.85 | 387.79 | 388.48 | 389.42 | 390.11 | 391.05 | 391.74 |
| Fibonacci | 387.83 | 388.45 | 388.84 | 389.46 | 390.08 | 390.47 | 391.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 388.48 | 390.26 | 391.40 | 393.18 | 394.32 | 396.10 | 397.24 |
| Camarilla | 391.75 | 392.02 | 392.28 | 392.55 | 392.82 | 393.09 | 393.35 |
| Woodie | 388.17 | 390.10 | 391.09 | 393.02 | 394.01 | 395.94 | 396.93 |
| Fibonacci | 390.26 | 391.37 | 392.06 | 393.18 | 394.29 | 394.98 | 396.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 379.72 | 384.02 | 387.46 | 391.76 | 395.20 | 399.50 | 402.94 |
| Camarilla | 388.77 | 389.48 | 390.19 | 390.90 | 391.61 | 392.32 | 393.03 |
| Woodie | 379.29 | 383.81 | 387.03 | 391.55 | 394.77 | 399.29 | 402.51 |
| Fibonacci | 384.02 | 386.98 | 388.80 | 391.76 | 394.72 | 396.54 | 399.50 |
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): | 39.20 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -2.93 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 389.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 390.14 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 390.19 | |
| Zig ZAG (10): | 388.94 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 22.69 | |
| TEMA (21): | 389.29 | |
| Williams %R (14): | -81.46 | |
| Chande Momentum Oscillator (20): | -0.52 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.04 |
| MA7: | 390.88 | |
| MA20: | 392.12 | |
| MA50: | 393.40 | |
| MA100: | 388.69 | |
| MAexp7: | 389.23 | |
| MAexp20: | 389.36 | |
| MAexp50: | 389.69 | |
| MAexp100: | 390.35 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -1.16% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.38% |
Quotes :
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Real time data
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Forex