CHF/HUF - 1H - Technical analysis published on 02/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 409.92 HUF
My targets
407.92 HUF (-1.48)
407.27 HUF (-2.13)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/HUF. As long as you are under the resistance located at 409.92 HUF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 407.92 HUF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 407.27 HUF as an objective. Crossing it would then enable sellers to target 404.17 HUF. If the resistance 409.92 HUF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.3
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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 CHF/HUF rating is 409.40 HUF. On the day, this instrument gained +0.15% with the lowest point at 408.78 HUF and the highest point at 409.49 HUF. The deviation from the price is +0.15% for the low point and -0.02% for the high point.408.78
409.49
409.40
Here is a more detailed summary of the historical variations registered by CHF/HUF:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HUF chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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 these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 407.27 | 407.92 | 409.14 | 409.40 | 409.92 | 410.61 | 412.06 |
| Change (%) | -0.52% | -0.36% | -0.06% | - | +0.13% | +0.30% | +0.65% |
| Change | -2.13 | -1.48 | -0.26 | - | +0.52 | +1.21 | +2.66 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 405.95 | 407.23 | 408.01 | 409.29 | 410.07 | 411.35 | 412.13 |
| Camarilla | 408.23 | 408.42 | 408.61 | 408.80 | 408.99 | 409.18 | 409.37 |
| Woodie | 405.71 | 407.11 | 407.77 | 409.17 | 409.83 | 411.23 | 411.89 |
| Fibonacci | 407.23 | 408.01 | 408.50 | 409.29 | 410.07 | 410.56 | 411.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 402.81 | 404.87 | 407.44 | 409.50 | 412.07 | 414.13 | 416.70 |
| Camarilla | 408.73 | 409.15 | 409.58 | 410.00 | 410.42 | 410.85 | 411.27 |
| Woodie | 403.06 | 405.00 | 407.69 | 409.63 | 412.32 | 414.26 | 416.95 |
| Fibonacci | 404.87 | 406.64 | 407.74 | 409.50 | 411.27 | 412.37 | 414.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 387.86 | 395.30 | 403.57 | 411.01 | 419.28 | 426.72 | 434.99 |
| Camarilla | 407.53 | 408.97 | 410.41 | 411.85 | 413.29 | 414.73 | 416.17 |
| Woodie | 388.29 | 395.51 | 404.00 | 411.22 | 419.71 | 426.93 | 435.42 |
| Fibonacci | 395.30 | 401.30 | 405.01 | 411.01 | 417.01 | 420.72 | 426.72 |
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): | 46.46 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | 4.27 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 408.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 409.64 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 410.35 | |
| Zig ZAG (10): | 409.19 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 34.50 | |
| TEMA (21): | 408.87 | |
| Williams %R (14): | -47.09 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.31 |
| MA7: | 409.37 | |
| MA20: | 411.28 | |
| MA50: | 408.11 | |
| MA100: | 403.67 | |
| MAexp7: | 409.06 | |
| MAexp20: | 409.19 | |
| MAexp50: | 409.51 | |
| MAexp100: | 409.73 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.46% | |
| Price / MA50: | +0.32% | |
| Price / MA100: | +1.42% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.08% |
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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