GBP/HUF - 1H - Technical analysis published on 10/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 439.37 HUF
My targets
440.51 HUF (+0.61)
444.59 HUF (+4.69)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on GBP/HUF as long as the price remains well above 439.37 HUF. The buyers' bullish objective is set at 440.51 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 444.59 HUF. If there is any crossing, the next objective would be the resistance located at 446.48 HUF.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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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 GBP/HUF price is 439.90 HUF. On the day, this instrument lost -0.01% and was traded between 439.73 HUF and 440.26 HUF over the period. The price is currently at +0.04% from its lowest and -0.08% from its highest.439.73
440.26
439.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/HUF indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 433.76 | 438.12 | 439.37 | 439.90 | 440.51 | 444.59 | 446.48 |
Change (%) | -1.40% | -0.40% | -0.12% | - | +0.14% | +1.07% | +1.50% |
Change | -6.14 | -1.78 | -0.53 | - | +0.61 | +4.69 | +6.58 |
Level | Minor | Intermediate | Minor | - | Major | Intermediate | Major |
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 | 435.41 | 436.54 | 438.25 | 439.38 | 441.09 | 442.22 | 443.93 |
Camarilla | 439.18 | 439.44 | 439.70 | 439.96 | 440.22 | 440.48 | 440.74 |
Woodie | 435.70 | 436.69 | 438.54 | 439.53 | 441.38 | 442.37 | 444.22 |
Fibonacci | 436.54 | 437.63 | 438.30 | 439.38 | 440.47 | 441.14 | 442.22 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 423.89 | 430.90 | 434.96 | 441.97 | 446.03 | 453.04 | 457.10 |
Camarilla | 435.98 | 436.99 | 438.01 | 439.02 | 440.04 | 441.05 | 442.06 |
Woodie | 422.42 | 430.16 | 433.49 | 441.23 | 444.56 | 452.30 | 455.63 |
Fibonacci | 430.90 | 435.13 | 437.74 | 441.97 | 446.20 | 448.81 | 453.04 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 427.83 | 435.31 | 442.51 | 449.99 | 457.19 | 464.67 | 471.87 |
Camarilla | 445.68 | 447.03 | 448.37 | 449.72 | 451.07 | 452.41 | 453.76 |
Woodie | 427.70 | 435.24 | 442.38 | 449.92 | 457.06 | 464.60 | 471.74 |
Fibonacci | 435.31 | 440.91 | 444.38 | 449.99 | 455.59 | 459.06 | 464.67 |
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): | 56.16 | |
MACD (12,26,9): | 0.3200 | |
Directional Movement: | 2.35 | |
AROON (14): | 7.14 | |
DEMA (21): | 440.09 | |
Parabolic SAR (0,02-0,02-0,2): | 439.39 | |
Elder Ray (13): | 0.09 | |
Super Trend (3,10): | 438.33 | |
Zig ZAG (10): | 439.92 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 63.04 | |
TEMA (21): | 440.21 | |
Williams %R (14): | -54.22 | |
Chande Momentum Oscillator (20): | -0.20 | |
Repulse (5,40,3): | -0.0700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.30 |
MA7: | 440.18 | |
MA20: | 445.85 | |
MA50: | 447.06 | |
MA100: | 443.93 | |
MAexp7: | 439.90 | |
MAexp20: | 439.64 | |
MAexp50: | 439.32 | |
MAexp100: | 439.95 | |
Price / MA7: | -0.06% | |
Price / MA20: | -1.33% | |
Price / MA50: | -1.60% | |
Price / MA100: | -0.91% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +0.13% | |
Price / MAexp100: | -0.01% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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