USD/HUF - 15 min. - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 15 min.
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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 354.66 HUF
My targets
356.93 HUF (+0.96)
358.46 HUF (+2.49)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/HUF as long as the price remains well above 354.66 HUF. The buyers' bullish objective is set at 356.93 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 358.46 HUF. If there is any crossing, the next objective would be the resistance located at 360.73 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/HUF rating 355.97 HUF. On the day, this instrument gained +0.16% and was traded between 355.27 HUF and 356.32 HUF over the period. The price is currently at +0.20% from its lowest and -0.10% from its highest.355.27
356.32
355.97
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 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this USD/HUF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
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 | 352.41 | 354.18 | 355.81 | 355.97 | 359.04 | 360.07 | 362.45 |
| Change (%) | -1.00% | -0.50% | -0.04% | - | +0.86% | +1.15% | +1.82% |
| Change | -3.56 | -1.79 | -0.16 | - | +3.07 | +4.10 | +6.48 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 349.33 | 350.86 | 353.13 | 354.66 | 356.93 | 358.46 | 360.73 |
| Camarilla | 354.35 | 354.69 | 355.04 | 355.39 | 355.74 | 356.09 | 356.44 |
| Woodie | 349.69 | 351.05 | 353.49 | 354.85 | 357.29 | 358.65 | 361.09 |
| Fibonacci | 350.86 | 352.32 | 353.21 | 354.66 | 356.12 | 357.01 | 358.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 337.87 | 345.27 | 350.29 | 357.69 | 362.71 | 370.11 | 375.13 |
| Camarilla | 351.91 | 353.04 | 354.18 | 355.32 | 356.46 | 357.60 | 358.74 |
| Woodie | 336.69 | 344.68 | 349.11 | 357.10 | 361.53 | 369.52 | 373.95 |
| Fibonacci | 345.27 | 350.01 | 352.94 | 357.69 | 362.43 | 365.36 | 370.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 334.25 | 345.32 | 353.45 | 364.52 | 372.65 | 383.72 | 391.85 |
| Camarilla | 356.29 | 358.05 | 359.81 | 361.57 | 363.33 | 365.09 | 366.85 |
| Woodie | 332.77 | 344.59 | 351.97 | 363.79 | 371.17 | 382.99 | 390.37 |
| Fibonacci | 345.32 | 352.66 | 357.19 | 364.52 | 371.86 | 376.39 | 383.72 |
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): | 68.97 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 17.41 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 355.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 355.38 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 355.24 | |
| Zig ZAG (10): | 355.92 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 82.15 | |
| TEMA (21): | 355.77 | |
| Williams %R (14): | -2.47 | |
| Chande Momentum Oscillator (20): | 0.64 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 355.46 | |
| MA20: | 359.91 | |
| MA50: | 362.68 | |
| MA100: | 355.19 | |
| MAexp7: | 355.77 | |
| MAexp20: | 355.61 | |
| MAexp50: | 355.29 | |
| MAexp100: | 354.89 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | -1.85% | |
| Price / MA100: | +0.22% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.31% |
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.
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