EUR/HUF - 1H - Technical analysis published on 06/19/2023 (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:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 372.59 HUF
My targets
374.87 HUF (+1.19)
375.59 HUF (+1.91)
My analysis
The bullish trend is currently very strong on EUR/HUF. As long as the price remains above the support at 372.59 HUF, you could try to benefit from the boom. The first bullish objective is located at 374.87 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 375.59 HUF as an objective. Crossing it would then enable buyers to target 377.01 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/HUF rating 373.68 HUF. The price registered a decrease of -0.01% on the session and was between 373.31 HUF and 374.59 HUF. This implies that the price is at +0.10% from its lowest and at -0.24% from its highest.373.31
374.59
373.68
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
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/HUF in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 369.83 | 371.30 | 372.59 | 373.68 | 374.87 | 375.59 | 377.01 |
| Change (%) | -1.03% | -0.64% | -0.29% | - | +0.32% | +0.51% | +0.89% |
| Change | -3.85 | -2.38 | -1.09 | - | +1.19 | +1.91 | +3.33 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 370.30 | 371.45 | 372.58 | 373.73 | 374.86 | 376.01 | 377.14 |
| Camarilla | 373.09 | 373.30 | 373.51 | 373.72 | 373.93 | 374.14 | 374.35 |
| Woodie | 370.30 | 371.45 | 372.58 | 373.73 | 374.86 | 376.01 | 377.14 |
| Fibonacci | 371.45 | 372.32 | 372.86 | 373.73 | 374.60 | 375.14 | 376.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 358.97 | 363.23 | 368.48 | 372.74 | 377.99 | 382.25 | 387.50 |
| Camarilla | 371.11 | 371.98 | 372.85 | 373.72 | 374.59 | 375.46 | 376.34 |
| Woodie | 359.46 | 363.48 | 368.97 | 372.99 | 378.48 | 382.50 | 387.99 |
| Fibonacci | 363.23 | 366.87 | 369.11 | 372.74 | 376.38 | 378.62 | 382.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 355.42 | 361.72 | 366.20 | 372.50 | 376.98 | 383.28 | 387.76 |
| Camarilla | 367.71 | 368.69 | 369.68 | 370.67 | 371.66 | 372.65 | 373.64 |
| Woodie | 354.50 | 361.27 | 365.28 | 372.05 | 376.06 | 382.83 | 386.84 |
| Fibonacci | 361.72 | 365.84 | 368.39 | 372.50 | 376.62 | 379.17 | 383.28 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.70 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 7.10 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 373.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 372.99 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 374.59 | |
| Zig ZAG (10): | 373.70 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 30.79 | |
| TEMA (21): | 373.62 | |
| Williams %R (14): | -71.09 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.14 |
| MA7: | 371.38 | |
| MA20: | 371.07 | |
| MA50: | 372.50 | |
| MA100: | 378.09 | |
| MAexp7: | 373.65 | |
| MAexp20: | 373.57 | |
| MAexp50: | 373.22 | |
| MAexp100: | 372.35 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +0.32% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.35% |
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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