CHF/HUF - 1H - Technical analysis published on 10/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
39%
0%
61%
My opinion
Bullish above 399.99 HUF
My targets
404.67 HUF (+1.93)
407.31 HUF (+4.57)
My analysis
The strong short-term increase in CHF/HUF calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 399.99 HUF, you could consider taking advantage of the short-term movement. The first bullish objective is located at 404.67 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 407.31 HUF as an objective. Crossing it would then enable buyers to target 408.53 HUF. Caution, a return under 399.99 HUF could jeopardize the reversal.
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
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/HUF rating 402.74 HUF. On the day, this instrument lost -0.01% with the lowest point at 402.56 HUF and the highest point at 402.96 HUF. The deviation from the price is +0.04% for the low point and -0.05% for the high point.402.56
402.96
402.74
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/HUF indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 399.09 | 399.99 | 402.51 | 402.74 | 404.67 | 407.31 | 408.53 |
| Change (%) | -0.91% | -0.68% | -0.06% | - | +0.48% | +1.13% | +1.44% |
| Change | -3.65 | -2.75 | -0.23 | - | +1.93 | +4.57 | +5.79 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 398.47 | 399.48 | 401.12 | 402.13 | 403.77 | 404.78 | 406.42 |
| Camarilla | 402.04 | 402.28 | 402.53 | 402.77 | 403.01 | 403.26 | 403.50 |
| Woodie | 398.80 | 399.64 | 401.45 | 402.29 | 404.10 | 404.94 | 406.75 |
| Fibonacci | 399.48 | 400.49 | 401.11 | 402.13 | 403.14 | 403.76 | 404.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 390.23 | 395.09 | 398.80 | 403.66 | 407.37 | 412.23 | 415.94 |
| Camarilla | 400.14 | 400.93 | 401.71 | 402.50 | 403.29 | 404.07 | 404.86 |
| Woodie | 389.65 | 394.80 | 398.22 | 403.37 | 406.79 | 411.94 | 415.36 |
| Fibonacci | 395.09 | 398.37 | 400.39 | 403.66 | 406.94 | 408.96 | 412.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 383.50 | 390.29 | 396.39 | 403.18 | 409.28 | 416.07 | 422.17 |
| Camarilla | 398.96 | 400.14 | 401.32 | 402.50 | 403.68 | 404.86 | 406.05 |
| Woodie | 383.17 | 390.12 | 396.06 | 403.01 | 408.95 | 415.90 | 421.84 |
| Fibonacci | 390.29 | 395.21 | 398.25 | 403.18 | 408.10 | 411.14 | 416.07 |
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): | 51.65 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 0.61 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 402.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 401.83 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 403.50 | |
| Zig ZAG (10): | 402.74 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 72.13 | |
| TEMA (21): | 402.85 | |
| Williams %R (14): | -38.18 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.22 |
| MA7: | 403.47 | |
| MA20: | 402.60 | |
| MA50: | 402.61 | |
| MA100: | 393.93 | |
| MAexp7: | 402.73 | |
| MAexp20: | 402.59 | |
| MAexp50: | 402.65 | |
| MAexp100: | 402.91 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +2.24% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.04% |
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.
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