Londinia Opportunities Analyses - 04/26/2024 (GMT) EUR/HUF - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 392.69 HUF
My targets
391.90 HUF (-0.45)
389.66 HUF (-2.69)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/HUF as long as the price remains well below 392.69 HUF. The sellers' bearish objective is set at 391.90 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 389.66 HUF. In case of crossing, the next objective would be the support located at 385.14 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.7
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Additional analysis
Quotes
EUR/HUF rating 392.35 HUF. The price registered a decrease of -0.16% on the session and was between 392.17 HUF and 393.30 HUF. This implies that the price is at +0.05% from its lowest and at -0.24% from its highest.392.17
393.30
392.35
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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 EUR/HUF in 1H shows a overall strongly bearish trend. 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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 | 385.14 | 389.66 | 391.90 | 392.35 | 392.36 | 392.69 | 393.24 |
| Change (%) | -1.84% | -0.69% | -0.11% | - | +0.00% | +0.09% | +0.23% |
| Change | -7.21 | -2.69 | -0.45 | - | +0.01 | +0.34 | +0.89 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 389.95 | 391.16 | 392.06 | 393.27 | 394.17 | 395.38 | 396.28 |
| Camarilla | 392.39 | 392.58 | 392.78 | 392.97 | 393.16 | 393.36 | 393.55 |
| Woodie | 389.81 | 391.08 | 391.92 | 393.19 | 394.03 | 395.30 | 396.14 |
| Fibonacci | 391.16 | 391.96 | 392.46 | 393.27 | 394.07 | 394.57 | 395.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 386.72 | 388.92 | 391.65 | 393.85 | 396.58 | 398.78 | 401.51 |
| Camarilla | 393.01 | 393.47 | 393.92 | 394.37 | 394.82 | 395.27 | 395.73 |
| Woodie | 386.98 | 389.05 | 391.91 | 393.98 | 396.84 | 398.91 | 401.77 |
| Fibonacci | 388.92 | 390.81 | 391.97 | 393.85 | 395.74 | 396.90 | 398.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 382.61 | 387.21 | 390.56 | 395.16 | 398.51 | 403.11 | 406.46 |
| Camarilla | 391.72 | 392.45 | 393.18 | 393.91 | 394.64 | 395.37 | 396.10 |
| Woodie | 381.99 | 386.90 | 389.94 | 394.85 | 397.89 | 402.80 | 405.84 |
| Fibonacci | 387.21 | 390.25 | 392.12 | 395.16 | 398.20 | 400.07 | 403.11 |
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): | 40.46 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -2.88 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 392.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 393.73 | |
| Elder Ray (13): | -0.32 | |
| Super Trend (3,10): | 393.94 | |
| Zig ZAG (10): | 392.40 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 30.97 | |
| TEMA (21): | 392.57 | |
| Williams %R (14): | -80.53 | |
| Chande Momentum Oscillator (20): | -0.60 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.12 |
| MA7: | 393.62 | |
| MA20: | 392.78 | |
| MA50: | 393.19 | |
| MA100: | 388.27 | |
| MAexp7: | 392.64 | |
| MAexp20: | 392.83 | |
| MAexp50: | 393.13 | |
| MAexp100: | 393.39 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -0.21% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.26% |
Quotes :
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Real time data
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Forex