CAD/HUF - 1H - Technical analysis published on 12/11/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 259.48 HUF
My targets
261.55 HUF (+1.03)
264.01 HUF (+3.49)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/HUF as long as the price remains well above 259.48 HUF. The buyers' bullish objective is set at 261.55 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 264.01 HUF. If there is any crossing, the next objective would be the resistance located at 265.01 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HUF rating 260.52 HUF. The price registered a decrease of -0.03% on the session with the lowest point at 259.52 HUF and the highest point at 261.07 HUF. The deviation from the price is +0.39% for the low point and -0.21% for the high point.259.52
261.07
260.52
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HUF chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 256.79 | 259.48 | 260.29 | 260.52 | 261.55 | 265.01 | 268.92 |
| Change (%) | -1.43% | -0.40% | -0.09% | - | +0.40% | +1.72% | +3.22% |
| Change | -3.73 | -1.04 | -0.23 | - | +1.03 | +4.49 | +8.40 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | 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 | 257.81 | 258.75 | 259.68 | 260.62 | 261.55 | 262.49 | 263.42 |
| Camarilla | 260.09 | 260.26 | 260.43 | 260.60 | 260.77 | 260.94 | 261.11 |
| Woodie | 257.80 | 258.75 | 259.67 | 260.62 | 261.54 | 262.49 | 263.41 |
| Fibonacci | 258.75 | 259.47 | 259.91 | 260.62 | 261.34 | 261.78 | 262.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.01 | 255.71 | 258.16 | 259.86 | 262.31 | 264.01 | 266.46 |
| Camarilla | 259.46 | 259.84 | 260.22 | 260.60 | 260.98 | 261.36 | 261.74 |
| Woodie | 254.38 | 255.90 | 258.53 | 260.05 | 262.68 | 264.20 | 266.83 |
| Fibonacci | 255.71 | 257.30 | 258.28 | 259.86 | 261.45 | 262.43 | 264.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.64 | 245.44 | 251.50 | 257.30 | 263.36 | 269.16 | 275.22 |
| Camarilla | 254.29 | 255.38 | 256.46 | 257.55 | 258.64 | 259.72 | 260.81 |
| Woodie | 239.76 | 245.51 | 251.62 | 257.37 | 263.48 | 269.23 | 275.34 |
| Fibonacci | 245.44 | 249.97 | 252.77 | 257.30 | 261.83 | 264.63 | 269.16 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.87 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -2.41 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 260.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 259.54 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 260.93 | |
| Zig ZAG (10): | 260.40 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 49.51 | |
| TEMA (21): | 259.98 | |
| Williams %R (14): | -47.37 | |
| Chande Momentum Oscillator (20): | -0.24 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.38 |
| MA7: | 259.57 | |
| MA20: | 255.96 | |
| MA50: | 260.56 | |
| MA100: | 262.62 | |
| MAexp7: | 260.16 | |
| MAexp20: | 260.22 | |
| MAexp50: | 260.21 | |
| MAexp100: | 259.72 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +1.78% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | -0.80% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.30% |
Quotes :
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Real time data
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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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