NZD/HUF - 1H - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 218.20 HUF
My targets
218.89 HUF (+0.40)
219.18 HUF (+0.69)
My analysis
A bullish trend on NZD/HUF both in substance and in the short term. A purchase could be considered as long as the price remains above 218.20 HUF. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 218.89 HUF. Then the price could move towards 219.18 HUF. Then 219.43 HUF by extension. Be careful, a return below 218.20 HUF would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.2
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 218.49 HUF. On the day, this instrument lost -0.01% and was between 217.91 HUF and 218.86 HUF. This implies that the price is at +0.27% from its lowest and at -0.17% from its highest.217.91
218.86
218.49
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/HUF chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
Near support of triangle
Type : Bullish
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 | 217.38 | 217.69 | 218.20 | 218.49 | 218.57 | 218.89 | 219.18 |
| Change (%) | -0.51% | -0.37% | -0.13% | - | +0.04% | +0.18% | +0.32% |
| Change | -1.11 | -0.80 | -0.29 | - | +0.08 | +0.40 | +0.69 |
| Level | Minor | Intermediate | Minor | - | Minor | 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 | 217.09 | 217.53 | 218.02 | 218.46 | 218.95 | 219.39 | 219.88 |
| Camarilla | 218.26 | 218.35 | 218.44 | 218.52 | 218.61 | 218.69 | 218.78 |
| Woodie | 217.13 | 217.54 | 218.06 | 218.47 | 218.99 | 219.40 | 219.92 |
| Fibonacci | 217.53 | 217.88 | 218.10 | 218.46 | 218.81 | 219.03 | 219.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.33 | 215.85 | 216.89 | 218.41 | 219.45 | 220.97 | 222.01 |
| Camarilla | 217.22 | 217.45 | 217.69 | 217.92 | 218.16 | 218.39 | 218.62 |
| Woodie | 214.08 | 215.73 | 216.64 | 218.29 | 219.20 | 220.85 | 221.76 |
| Fibonacci | 215.85 | 216.83 | 217.44 | 218.41 | 219.39 | 220.00 | 220.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 207.98 | 212.96 | 215.55 | 220.53 | 223.12 | 228.10 | 230.69 |
| Camarilla | 216.06 | 216.75 | 217.45 | 218.14 | 218.83 | 219.53 | 220.22 |
| Woodie | 206.79 | 212.36 | 214.36 | 219.93 | 221.93 | 227.50 | 229.50 |
| Fibonacci | 212.96 | 215.85 | 217.64 | 220.53 | 223.42 | 225.21 | 228.10 |
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): | 53.52 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 2.98 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 218.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 218.65 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 218.95 | |
| Zig ZAG (10): | 218.54 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 42.46 | |
| TEMA (21): | 218.37 | |
| Williams %R (14): | -49.47 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.14 |
| MA7: | 218.36 | |
| MA20: | 218.21 | |
| MA50: | 220.03 | |
| MA100: | 218.74 | |
| MAexp7: | 218.37 | |
| MAexp20: | 218.43 | |
| MAexp50: | 218.44 | |
| MAexp100: | 218.46 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.02% | |
| 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.
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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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