Londinia Opportunities Analyses - 05/08/2024 (GMT) GBP/HUF - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 452.37 HUF
My targets
449.70 HUF (-1.87)
446.48 HUF (-5.09)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/HUF as long as the price remains well below 452.37 HUF. The sellers' bearish objective is set at 449.70 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 446.48 HUF. In case of crossing, the next objective would be the support located at 438.98 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
8.2
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Additional analysis
Quotes
The GBP/HUF price is 451.57 HUF. On the day, this instrument lost -0.20% and was between 451.22 HUF and 452.79 HUF. This implies that the price is at +0.08% from its lowest and at -0.27% from its highest.451.22
452.79
451.57
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/HUF in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 430.85 | 438.98 | 446.48 | 451.57 | 452.37 | 454.08 | 456.62 |
| Change (%) | -4.59% | -2.79% | -1.13% | - | +0.18% | +0.56% | +1.12% |
| Change | -20.72 | -12.59 | -5.09 | - | +0.80 | +2.51 | +5.05 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
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 | 449.74 | 450.93 | 451.70 | 452.89 | 453.66 | 454.85 | 455.62 |
| Camarilla | 451.93 | 452.11 | 452.29 | 452.47 | 452.65 | 452.83 | 453.01 |
| Woodie | 449.53 | 450.83 | 451.49 | 452.79 | 453.45 | 454.75 | 455.41 |
| Fibonacci | 450.93 | 451.68 | 452.14 | 452.89 | 453.64 | 454.10 | 454.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 446.09 | 449.70 | 451.91 | 455.52 | 457.73 | 461.34 | 463.55 |
| Camarilla | 452.53 | 453.06 | 453.60 | 454.13 | 454.66 | 455.20 | 455.73 |
| Woodie | 445.40 | 449.35 | 451.22 | 455.17 | 457.04 | 460.99 | 462.86 |
| Fibonacci | 449.70 | 451.92 | 453.29 | 455.52 | 457.74 | 459.11 | 461.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 441.28 | 446.94 | 452.33 | 457.99 | 463.38 | 469.04 | 474.43 |
| Camarilla | 454.69 | 455.70 | 456.72 | 457.73 | 458.74 | 459.76 | 460.77 |
| Woodie | 441.16 | 446.87 | 452.21 | 457.92 | 463.26 | 468.97 | 474.31 |
| Fibonacci | 446.94 | 451.16 | 453.77 | 457.99 | 462.21 | 464.82 | 469.04 |
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): | 32.96 | |
| MACD (12,26,9): | -0.3500 | |
| Directional Movement: | -7.46 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 451.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 452.20 | |
| Elder Ray (13): | -0.59 | |
| Super Trend (3,10): | 453.12 | |
| Zig ZAG (10): | 451.32 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 9.53 | |
| TEMA (21): | 451.64 | |
| Williams %R (14): | -91.72 | |
| Chande Momentum Oscillator (20): | -1.01 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.26 |
| MA7: | 454.35 | |
| MA20: | 457.32 | |
| MA50: | 459.32 | |
| MA100: | 453.74 | |
| MAexp7: | 451.76 | |
| MAexp20: | 452.17 | |
| MAexp50: | 452.79 | |
| MAexp100: | 453.68 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -1.69% | |
| Price / MA100: | -0.48% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.47% |
Quotes :
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Real time data
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Forex