CAD/HUF - 1H - Technical analysis published on 12/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 261.37 HUF
My targets
259.86 HUF (-0.74)
256.72 HUF (-3.88)
My analysis
CAD/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 261.37 HUF. The next support located at 259.86 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 256.72 HUF. Below this support, sellers could then target 252.11 HUF. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HUF rating is 260.60 HUF. The price is lower by -0.02% since the last closing and was between 260.37 HUF and 260.77 HUF. This implies that the price is at +0.09% from its lowest and at -0.07% from its highest.260.37
260.77
260.60
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 256.72 | 259.86 | 260.44 | 260.60 | 261.37 | 262.43 | 262.81 |
| Change (%) | -1.49% | -0.28% | -0.06% | - | +0.30% | +0.70% | +0.85% |
| Change | -3.88 | -0.74 | -0.16 | - | +0.77 | +1.83 | +2.21 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 257.18 | 258.69 | 259.67 | 261.18 | 262.16 | 263.67 | 264.65 |
| Camarilla | 259.97 | 260.19 | 260.42 | 260.65 | 260.88 | 261.11 | 261.34 |
| Woodie | 256.92 | 258.56 | 259.41 | 261.05 | 261.90 | 263.54 | 264.39 |
| Fibonacci | 258.69 | 259.64 | 260.23 | 261.18 | 262.13 | 262.72 | 263.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 259.03 | 259.78 | 260.30 | 261.05 | 261.57 | 262.32 | 262.84 |
| Camarilla | 260.48 | 260.60 | 260.71 | 260.83 | 260.95 | 261.06 | 261.18 |
| Woodie | 258.93 | 259.72 | 260.20 | 260.99 | 261.47 | 262.26 | 262.74 |
| Fibonacci | 259.78 | 260.26 | 260.56 | 261.05 | 261.53 | 261.83 | 262.32 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.34 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -3.05 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 260.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 261.04 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 261.63 | |
| Zig ZAG (10): | 260.62 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 44.76 | |
| TEMA (21): | 260.33 | |
| Williams %R (14): | -34.33 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.41 |
| MA7: | 261.07 | |
| MA20: | 260.74 | |
| MA50: | 258.67 | |
| MA100: | 262.23 | |
| MAexp7: | 260.58 | |
| MAexp20: | 260.82 | |
| MAexp50: | 261.14 | |
| MAexp100: | 261.28 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +0.75% | |
| Price / MA100: | -0.62% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.26% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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