CAD/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADHUF
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CAD/HUF - 1H - Technical analysis published on 02/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 265.42 HUF

My targets

266.50 HUF (+0.33)

267.22 HUF (+1.05)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CAD/HUF. This is a positive signal for buyers. As long as the price remains above 265.42 HUF, a purchase could be considered. The first bullish objective is located at 266.50 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 267.22 HUF as an objective. Crossing it would then enable buyers to target 267.80 HUF. In the event of a return below 265.42 HUF, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/HUF rating is 266.17 HUF. The price registered a decrease of -0.01% on the session and was traded between 265.84 HUF and 266.46 HUF over the period. The price is currently at +0.12% from its lowest and -0.11% from its highest.

265.84

266.46

266.17

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAD/HUF:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of CAD/HUF in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	264.80	265.42	266.03	266.17	266.50	267.22	267.80
Change (%)	-0.51%	-0.28%	-0.05%	-	+0.12%	+0.39%	+0.61%
Change	-1.37	-0.75	-0.14	-	+0.33	+1.05	+1.63
Level	Intermediate	Minor	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	264.47	264.99	265.59	266.11	266.71	267.23	267.83
Camarilla	265.89	266.00	266.10	266.20	266.30	266.41	266.51
Woodie	264.52	265.01	265.64	266.13	266.76	267.25	267.88
Fibonacci	264.99	265.42	265.68	266.11	266.54	266.80	267.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	260.03	262.08	264.14	266.19	268.25	270.30	272.36
Camarilla	265.07	265.45	265.82	266.20	266.58	266.95	267.33
Woodie	260.04	262.08	264.15	266.19	268.26	270.30	272.37
Fibonacci	262.08	263.65	264.62	266.19	267.76	268.73	270.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	245.67	251.31	257.87	263.51	270.07	275.71	282.27
Camarilla	261.08	262.19	263.31	264.43	265.55	266.67	267.79
Woodie	246.13	251.54	258.33	263.74	270.53	275.94	282.73
Fibonacci	251.31	255.97	258.85	263.51	268.17	271.05	275.71

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):	57.09
MACD (12,26,9):	0.0900
Directional Movement:	7.46
AROON (14):	-21.43
DEMA (21):	266.19
Parabolic SAR (0,02-0,02-0,2):	266.45
Elder Ray (13):	0.10
Super Trend (3,10):	265.25
Zig ZAG (10):	266.20
VORTEX (21):	1.0600
Stochastique (14,3,5):	43.33
TEMA (21):	266.16
Williams %R (14):	-44.74
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	-0.0200
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.05

MA7:	265.96
MA20:	266.26
MA50:	263.25
MA100:	261.54
MAexp7:	266.11
MAexp20:	266.05
MAexp50:	265.90
MAexp100:	266.02
Price / MA7:	+0.08%
Price / MA20:	-0.03%
Price / MA50:	+1.11%
Price / MA100:	+1.77%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.06%

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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Londinia AI

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