AUD/HUF - 1H - Technical analysis published on 06/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 232.10 HUF
My targets
233.30 HUF (+0.25)
235.93 HUF (+2.88)
My analysis
The basic bullish trend is very strong on AUD/HUF but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 232.10 HUF. Crossing the first resistance at 233.30 HUF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 235.93 HUF as an objective. Crossing it would then enable buyers to target 239.84 HUF. Caution, a return to below 232.10 HUF would be a sign of a consolidation phase in the short-term basic trend. 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 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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/HUF rating is 233.05 HUF. The price has increased by +0.32% since the last closing with the lowest point at 232.12 HUF and the highest point at 233.10 HUF. The deviation from the price is +0.40% for the low point and -0.02% for the high point.232.12
233.10
233.05
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 this 1H chart of AUD/HUF indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 229.06 | 230.25 | 232.10 | 233.05 | 233.30 | 239.84 | 249.43 |
| Change (%) | -1.71% | -1.20% | -0.41% | - | +0.11% | +2.91% | +7.03% |
| Change | -3.99 | -2.80 | -0.95 | - | +0.25 | +6.79 | +16.38 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 228.77 | 229.87 | 231.09 | 232.19 | 233.41 | 234.51 | 235.73 |
| Camarilla | 231.66 | 231.88 | 232.09 | 232.30 | 232.51 | 232.73 | 232.94 |
| Woodie | 228.82 | 229.90 | 231.14 | 232.22 | 233.46 | 234.54 | 235.78 |
| Fibonacci | 229.87 | 230.76 | 231.31 | 232.19 | 233.08 | 233.63 | 234.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 224.68 | 226.04 | 228.43 | 229.79 | 232.18 | 233.54 | 235.93 |
| Camarilla | 229.79 | 230.13 | 230.48 | 230.82 | 231.16 | 231.51 | 231.85 |
| Woodie | 225.20 | 226.30 | 228.95 | 230.05 | 232.70 | 233.80 | 236.45 |
| Fibonacci | 226.04 | 227.47 | 228.36 | 229.79 | 231.22 | 232.11 | 233.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 210.95 | 217.15 | 221.33 | 227.53 | 231.71 | 237.91 | 242.09 |
| Camarilla | 222.67 | 223.62 | 224.57 | 225.52 | 226.47 | 227.42 | 228.38 |
| Woodie | 209.95 | 216.65 | 220.33 | 227.03 | 230.71 | 237.41 | 241.09 |
| Fibonacci | 217.15 | 221.11 | 223.56 | 227.53 | 231.49 | 233.94 | 237.91 |
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): | 64.00 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 10.45 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 232.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 231.91 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 231.67 | |
| Zig ZAG (10): | 232.92 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 84.42 | |
| TEMA (21): | 232.58 | |
| Williams %R (14): | -2.86 | |
| Chande Momentum Oscillator (20): | 0.86 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.14 |
| MA7: | 231.03 | |
| MA20: | 228.89 | |
| MA50: | 228.25 | |
| MA100: | 235.96 | |
| MAexp7: | 232.56 | |
| MAexp20: | 232.35 | |
| MAexp50: | 231.92 | |
| MAexp100: | 231.21 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +1.82% | |
| Price / MA50: | +2.10% | |
| Price / MA100: | -1.23% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.80% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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