NZD/HUF - 1H - Technical analysis published on 09/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 217.64 HUF
My targets
222.85 HUF (+4.59)
225.20 HUF (+6.94)
My analysis
The bullish trend is currently very strong on NZD/HUF. As long as the price remains above the support at 217.64 HUF, you could try to benefit from the boom. The first bullish objective is located at 222.85 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 225.20 HUF as an objective. Crossing it would then enable buyers to target 228.85 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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
NZD/HUF rating 218.26 HUF. On the day, this instrument gained +1.11% and was traded between 215.53 HUF and 218.61 HUF over the period. The price is currently at +1.27% from its lowest and -0.16% from its highest.215.53
218.61
218.26
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/HUF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 214.39 | 216.13 | 217.64 | 218.26 | 222.85 | 228.85 | 233.58 |
| Change (%) | -1.77% | -0.98% | -0.28% | - | +2.10% | +4.85% | +7.02% |
| Change | -3.87 | -2.13 | -0.62 | - | +4.59 | +10.59 | +15.32 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 | 210.89 | 212.02 | 213.94 | 215.07 | 216.99 | 218.12 | 220.04 |
| Camarilla | 215.02 | 215.30 | 215.58 | 215.86 | 216.14 | 216.42 | 216.70 |
| Woodie | 211.29 | 212.22 | 214.34 | 215.27 | 217.39 | 218.32 | 220.44 |
| Fibonacci | 212.02 | 213.19 | 213.91 | 215.07 | 216.24 | 216.96 | 218.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.83 | 208.78 | 210.49 | 212.44 | 214.15 | 216.10 | 217.81 |
| Camarilla | 211.19 | 211.53 | 211.87 | 212.20 | 212.54 | 212.87 | 213.21 |
| Woodie | 206.71 | 208.72 | 210.37 | 212.38 | 214.03 | 216.04 | 217.69 |
| Fibonacci | 208.78 | 210.18 | 211.04 | 212.44 | 213.84 | 214.70 | 216.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 191.33 | 198.90 | 204.48 | 212.05 | 217.63 | 225.20 | 230.78 |
| Camarilla | 206.44 | 207.65 | 208.86 | 210.06 | 211.27 | 212.47 | 213.68 |
| Woodie | 190.34 | 198.40 | 203.49 | 211.55 | 216.64 | 224.70 | 229.79 |
| Fibonacci | 198.90 | 203.92 | 207.03 | 212.05 | 217.07 | 220.18 | 225.20 |
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): | 75.71 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 16.96 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 217.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 216.86 | |
| Elder Ray (13): | 0.97 | |
| Super Trend (3,10): | 216.58 | |
| Zig ZAG (10): | 218.25 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 92.22 | |
| TEMA (21): | 218.26 | |
| Williams %R (14): | -12.01 | |
| Chande Momentum Oscillator (20): | 2.08 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.79 |
| MA7: | 214.23 | |
| MA20: | 212.11 | |
| MA50: | 212.37 | |
| MA100: | 212.09 | |
| MAexp7: | 217.89 | |
| MAexp20: | 216.97 | |
| MAexp50: | 215.77 | |
| MAexp100: | 214.73 | |
| Price / MA7: | +1.88% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | +2.77% | |
| Price / MA100: | +2.91% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +1.15% | |
| Price / MAexp100: | +1.64% |
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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