AUD/HUF - 1H - Technical analysis published on 11/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 231.17 HUF
My targets
232.09 HUF (+0.35)
234.92 HUF (+3.18)
My analysis
AUD/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 231.17 HUF. The next resistance located at 232.09 HUF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 234.92 HUF. After this resistance, buyers could then target 236.54 HUF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/HUF rating is 231.74 HUF. On the day, this instrument gained +1.15% with the lowest point at 228.73 HUF and the highest point at 232.07 HUF. The deviation from the price is +1.32% for the low point and -0.14% for the high point.228.73
232.07
231.74
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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
A technical analysis in 1H of this AUD/HUF chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish 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.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
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 | 229.36 | 230.28 | 231.17 | 231.74 | 232.09 | 236.54 | 239.84 |
| Change (%) | -1.03% | -0.63% | -0.25% | - | +0.15% | +2.07% | +3.50% |
| Change | -2.38 | -1.46 | -0.57 | - | +0.35 | +4.80 | +8.10 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
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 | 225.85 | 226.91 | 228.00 | 229.06 | 230.15 | 231.21 | 232.30 |
| Camarilla | 228.51 | 228.71 | 228.90 | 229.10 | 229.30 | 229.49 | 229.69 |
| Woodie | 225.88 | 226.92 | 228.03 | 229.07 | 230.18 | 231.22 | 232.33 |
| Fibonacci | 226.91 | 227.73 | 228.24 | 229.06 | 229.88 | 230.39 | 231.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 221.63 | 224.06 | 227.06 | 229.49 | 232.49 | 234.92 | 237.92 |
| Camarilla | 228.57 | 229.07 | 229.56 | 230.06 | 230.56 | 231.06 | 231.55 |
| Woodie | 221.92 | 224.20 | 227.35 | 229.63 | 232.78 | 235.06 | 238.21 |
| Fibonacci | 224.06 | 226.13 | 227.42 | 229.49 | 231.56 | 232.85 | 234.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.28 | 219.89 | 224.49 | 231.10 | 235.70 | 242.31 | 246.91 |
| Camarilla | 226.02 | 227.05 | 228.07 | 229.10 | 230.13 | 231.16 | 232.18 |
| Woodie | 212.29 | 219.39 | 223.50 | 230.60 | 234.71 | 241.81 | 245.92 |
| Fibonacci | 219.89 | 224.17 | 226.81 | 231.10 | 235.38 | 238.02 | 242.31 |
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): | 79.92 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | 33.60 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 230.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 229.76 | |
| Elder Ray (13): | 1.65 | |
| Super Trend (3,10): | 230.25 | |
| Zig ZAG (10): | 231.79 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 97.11 | |
| TEMA (21): | 230.86 | |
| Williams %R (14): | -8.98 | |
| Chande Momentum Oscillator (20): | 2.91 | |
| Repulse (5,40,3): | 0.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.16 |
| MA7: | 229.90 | |
| MA20: | 231.21 | |
| MA50: | 231.52 | |
| MA100: | 230.83 | |
| MAexp7: | 230.65 | |
| MAexp20: | 229.89 | |
| MAexp50: | 229.63 | |
| MAexp100: | 229.63 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | +0.39% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +0.80% | |
| Price / MAexp50: | +0.92% | |
| Price / MAexp100: | +0.92% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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