AUD/HUF - Daily - Technical analysis published on 08/24/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 233.08 HUF
My targets
224.21 HUF (-3.94)
214.15 HUF (-14.00)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/HUF as long as the price remains well below 233.08 HUF. The sellers' bearish objective is set at 224.21 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 214.15 HUF. In case of crossing, the next objective would be the support located at 194.12 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/HUF rating 228.15 HUF. The price registered a decrease of -0.02% on the session and was traded between 227.53 HUF and 228.62 HUF over the period. The price is currently at +0.27% from its lowest and -0.21% from its highest.227.53
228.62
228.15
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AUD/HUF indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 194.12 | 214.15 | 224.21 | 228.15 | 239.84 | 249.43 | 256.33 |
| Change (%) | -14.92% | -6.14% | -1.73% | - | +5.12% | +9.33% | +12.35% |
| Change | -34.03 | -14.00 | -3.94 | - | +11.69 | +21.28 | +28.18 |
| Level | Major | Major | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 224.32 | 225.17 | 226.68 | 227.53 | 229.04 | 229.89 | 231.40 |
| Camarilla | 227.55 | 227.77 | 227.98 | 228.20 | 228.42 | 228.63 | 228.85 |
| Woodie | 224.66 | 225.34 | 227.02 | 227.70 | 229.38 | 230.06 | 231.74 |
| Fibonacci | 225.17 | 226.07 | 226.63 | 227.53 | 228.43 | 228.99 | 229.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.79 | 221.40 | 223.40 | 227.01 | 229.01 | 232.62 | 234.62 |
| Camarilla | 223.86 | 224.37 | 224.89 | 225.40 | 225.91 | 226.43 | 226.94 |
| Woodie | 216.99 | 221.00 | 222.60 | 226.61 | 228.21 | 232.22 | 233.82 |
| Fibonacci | 221.40 | 223.54 | 224.87 | 227.01 | 229.15 | 230.48 | 232.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.19 | 221.32 | 228.95 | 233.08 | 240.71 | 244.84 | 252.47 |
| Camarilla | 233.35 | 234.42 | 235.50 | 236.58 | 237.66 | 238.74 | 239.81 |
| Woodie | 218.94 | 222.20 | 230.70 | 233.96 | 242.46 | 245.72 | 254.22 |
| Fibonacci | 221.32 | 225.81 | 228.59 | 233.08 | 237.57 | 240.35 | 244.84 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.87 | |
| MACD (12,26,9): | -1.0700 | |
| Directional Movement: | 0.26 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 227.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 229.66 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 234.97 | |
| Zig ZAG (10): | 228.15 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 30.36 | |
| TEMA (21): | 226.70 | |
| Williams %R (14): | -63.88 | |
| Chande Momentum Oscillator (20): | -4.33 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.09 |
| MA7: | 226.97 | |
| MA20: | 230.07 | |
| MA50: | 230.01 | |
| MA100: | 229.18 | |
| MAexp7: | 227.61 | |
| MAexp20: | 228.95 | |
| MAexp50: | 229.86 | |
| MAexp100: | 232.27 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | -0.45% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -1.78% |
Quotes :
-
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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