NZD/HUF - Daily - Technical analysis published on 02/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 233.56 HUF
My targets
226.84 HUF (-2.42)
222.18 HUF (-7.08)
My analysis
NZD/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 233.56 HUF. The next support located at 226.84 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 222.18 HUF. Below this support, sellers could then target 214.24 HUF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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 NZD/HUF rating is 229.26 HUF. On the day, this instrument gained +0.21% and was traded between 228.64 HUF and 229.33 HUF over the period. The price is currently at +0.27% from its lowest and -0.03% from its highest.228.64
229.33
229.26
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/HUF in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
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 | 214.24 | 222.18 | 226.84 | 229.26 | 229.81 | 236.72 | 241.33 |
| Change (%) | -6.55% | -3.09% | -1.06% | - | +0.24% | +3.25% | +5.26% |
| Change | -15.02 | -7.08 | -2.42 | - | +0.55 | +7.46 | +12.07 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 224.85 | 226.66 | 227.72 | 229.53 | 230.59 | 232.40 | 233.46 |
| Camarilla | 228.00 | 228.26 | 228.53 | 228.79 | 229.05 | 229.32 | 229.58 |
| Woodie | 224.49 | 226.47 | 227.36 | 229.34 | 230.23 | 232.21 | 233.10 |
| Fibonacci | 226.66 | 227.75 | 228.43 | 229.53 | 230.62 | 231.30 | 232.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 220.45 | 224.81 | 229.05 | 233.41 | 237.65 | 242.01 | 246.25 |
| Camarilla | 230.92 | 231.70 | 232.49 | 233.28 | 234.07 | 234.86 | 235.65 |
| Woodie | 220.38 | 224.78 | 228.98 | 233.38 | 237.58 | 241.98 | 246.18 |
| Fibonacci | 224.81 | 228.10 | 230.13 | 233.41 | 236.70 | 238.73 | 242.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.02 | 223.10 | 227.48 | 233.56 | 237.94 | 244.02 | 248.40 |
| Camarilla | 228.98 | 229.94 | 230.90 | 231.86 | 232.82 | 233.78 | 234.74 |
| Woodie | 216.17 | 222.68 | 226.63 | 233.14 | 237.09 | 243.60 | 247.55 |
| Fibonacci | 223.10 | 227.10 | 229.56 | 233.56 | 237.56 | 240.02 | 244.02 |
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): | 36.91 | |
| MACD (12,26,9): | -2.2600 | |
| Directional Movement: | -8.39 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 230.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 236.61 | |
| Elder Ray (13): | -2.97 | |
| Super Trend (3,10): | 237.43 | |
| Zig ZAG (10): | 229.22 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 9.52 | |
| TEMA (21): | 229.60 | |
| Williams %R (14): | -91.80 | |
| Chande Momentum Oscillator (20): | -6.50 | |
| Repulse (5,40,3): | -0.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 3.49 |
| MA7: | 231.07 | |
| MA20: | 233.27 | |
| MA50: | 238.88 | |
| MA100: | 240.18 | |
| MAexp7: | 230.74 | |
| MAexp20: | 233.07 | |
| MAexp50: | 236.63 | |
| MAexp100: | 238.85 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -1.72% | |
| Price / MA50: | -4.03% | |
| Price / MA100: | -4.55% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -1.63% | |
| Price / MAexp50: | -3.11% | |
| Price / MAexp100: | -4.02% |
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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