NZD/HUF

- HUF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDHUF
ISIN:

NZD/HUF - Daily - Technical analysis published on 03/08/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 230.26 HUF

My targets

218.75 HUF (-2.67)

214.24 HUF (-7.18)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/HUF as long as the price remains well below 230.26 HUF. The sellers' bearish objective is set at 218.75 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 214.24 HUF. In case of crossing, the next objective would be the support located at 204.83 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.3

Comment on the analysis

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 price is 221.42 HUF. The price has increased by +0.93% since the last closing and was traded between 218.75 HUF and 221.76 HUF over the period. The price is currently at +1.22% from its lowest and -0.15% from its highest.

218.75

221.76

221.42

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Daily chart of NZD/HUF indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	204.83	214.24	218.75	221.42	222.09	236.72	241.44
Change (%)	-7.49%	-3.24%	-1.21%	-	+0.30%	+6.91%	+9.04%
Change	-16.59	-7.18	-2.67	-	+0.67	+15.30	+20.02
Level	Major	Minor	Major	-	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	216.62	217.56	218.48	219.42	220.34	221.28	222.20
Camarilla	218.88	219.05	219.22	219.39	219.56	219.73	219.90
Woodie	216.60	217.56	218.46	219.42	220.32	221.28	222.18
Fibonacci	217.56	218.27	218.71	219.42	220.13	220.57	221.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	214.25	216.18	218.98	220.91	223.71	225.64	228.44
Camarilla	220.48	220.91	221.35	221.78	222.21	222.65	223.08
Woodie	214.69	216.40	219.42	221.13	224.15	225.86	228.88
Fibonacci	216.18	217.99	219.10	220.91	222.72	223.83	225.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	200.50	209.54	215.38	224.42	230.26	239.30	245.14
Camarilla	217.14	218.50	219.87	221.23	222.59	223.96	225.32
Woodie	198.91	208.74	213.79	223.62	228.67	238.50	243.55
Fibonacci	209.54	215.22	218.73	224.42	230.10	233.61	239.30

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):	42.06
MACD (12,26,9):	-2.8600
Directional Movement:	-9.01
AROON (14):	-78.57
DEMA (21):	219.17
Parabolic SAR (0,02-0,02-0,2):	222.74
Elder Ray (13):	-1.40
Super Trend (3,10):	228.31
Zig ZAG (10):	221.27
VORTEX (21):	0.8100
Stochastique (14,3,5):	22.34
TEMA (21):	219.00
Williams %R (14):	-59.64
Chande Momentum Oscillator (20):	-2.91
Repulse (5,40,3):	0.7100
ROCnROLL:	2
TRIX (15,9):	-0.1900
Courbe Coppock:	4.40

MA7:	220.30
MA20:	222.91
MA50:	229.34
MA100:	235.95
MAexp7:	220.66
MAexp20:	223.11
MAexp50:	228.44
MAexp100:	233.15
Price / MA7:	+0.51%
Price / MA20:	-0.67%
Price / MA50:	-3.45%
Price / MA100:	-6.16%
Price / MAexp7:	+0.34%
Price / MAexp20:	-0.76%
Price / MAexp50:	-3.07%
Price / MAexp100:	-5.03%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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