CAD/HUF - 1H - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 256.79 HUF
My targets
259.67 HUF (+1.96)
261.94 HUF (+4.23)
My analysis
CAD/HUF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 256.79 HUF, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 259.67 HUF. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 261.94 HUF would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 263.11 HUF. Beware of a possible return to under the support located at 256.79 HUF which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.6
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Additional analysis
Quotes
The CAD/HUF rating is 257.71 HUF. The price registered an increase of +0.14% on the session and was traded between 257.22 HUF and 257.78 HUF over the period. The price is currently at +0.19% from its lowest and -0.03% from its highest.257.22
257.78
257.71
Here is a more detailed summary of the historical variations registered by CAD/HUF:
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
A technical analysis in 1H of this CAD/HUF chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 256.06 | 256.79 | 257.56 | 257.71 | 259.67 | 261.94 | 263.11 |
| Change (%) | -0.64% | -0.36% | -0.06% | - | +0.76% | +1.64% | +2.10% |
| Change | -1.65 | -0.92 | -0.15 | - | +1.96 | +4.23 | +5.40 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.35 | 255.21 | 256.28 | 257.14 | 258.21 | 259.07 | 260.14 |
| Camarilla | 256.83 | 257.01 | 257.18 | 257.36 | 257.54 | 257.71 | 257.89 |
| Woodie | 254.47 | 255.26 | 256.40 | 257.19 | 258.33 | 259.12 | 260.26 |
| Fibonacci | 255.21 | 255.94 | 256.40 | 257.14 | 257.87 | 258.33 | 259.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 251.90 | 254.73 | 257.45 | 260.28 | 263.00 | 265.83 | 268.55 |
| Camarilla | 258.64 | 259.15 | 259.66 | 260.17 | 260.68 | 261.19 | 261.70 |
| Woodie | 251.85 | 254.70 | 257.40 | 260.25 | 262.95 | 265.80 | 268.50 |
| Fibonacci | 254.73 | 256.85 | 258.16 | 260.28 | 262.40 | 263.71 | 265.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 240.12 | 249.51 | 255.02 | 264.41 | 269.92 | 279.31 | 284.82 |
| Camarilla | 256.42 | 257.79 | 259.15 | 260.52 | 261.89 | 263.25 | 264.62 |
| Woodie | 238.17 | 248.54 | 253.07 | 263.44 | 267.97 | 278.34 | 282.87 |
| Fibonacci | 249.51 | 255.21 | 258.72 | 264.41 | 270.11 | 273.62 | 279.31 |
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): | 60.04 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 7.09 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 257.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 257.10 | |
| Elder Ray (13): | 0.28 | |
| Super Trend (3,10): | 256.54 | |
| Zig ZAG (10): | 257.71 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 82.38 | |
| TEMA (21): | 257.75 | |
| Williams %R (14): | -13.99 | |
| Chande Momentum Oscillator (20): | 1.35 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.78 |
| MA7: | 258.41 | |
| MA20: | 261.61 | |
| MA50: | 265.69 | |
| MA100: | 263.10 | |
| MAexp7: | 257.56 | |
| MAexp20: | 257.27 | |
| MAexp50: | 257.20 | |
| MAexp100: | 257.70 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -3.00% | |
| Price / MA100: | -2.05% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.00% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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