CAD/HUF - 1H - Technical analysis published on 01/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 257.44 HUF
My targets
259.86 HUF (+0.70)
260.47 HUF (+1.31)
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 257.44 HUF. The buyers' bullish objective is set at 259.86 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 260.47 HUF. If there is any crossing, the next objective would be the resistance located at 261.34 HUF.
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
7
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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 259.16 HUF. On the day, this instrument gained +0.41% with the lowest point at 257.92 HUF and the highest point at 259.31 HUF. The deviation from the price is +0.48% for the low point and -0.06% for the high point.257.92
259.31
259.16
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HUF in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 252.11 | 256.72 | 257.44 | 259.16 | 259.19 | 259.86 | 260.47 |
| Change (%) | -2.72% | -0.94% | -0.66% | - | +0.01% | +0.27% | +0.51% |
| Change | -7.05 | -2.44 | -1.72 | - | +0.03 | +0.70 | +1.31 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.54 | 256.49 | 257.30 | 258.25 | 259.06 | 260.01 | 260.82 |
| Camarilla | 257.63 | 257.79 | 257.95 | 258.11 | 258.27 | 258.43 | 258.59 |
| Woodie | 255.47 | 256.46 | 257.23 | 258.22 | 258.99 | 259.98 | 260.75 |
| Fibonacci | 256.49 | 257.16 | 257.58 | 258.25 | 258.92 | 259.34 | 260.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 251.43 | 254.54 | 256.65 | 259.76 | 261.87 | 264.98 | 267.09 |
| Camarilla | 257.32 | 257.79 | 258.27 | 258.75 | 259.23 | 259.71 | 260.19 |
| Woodie | 250.92 | 254.29 | 256.14 | 259.51 | 261.36 | 264.73 | 266.58 |
| Fibonacci | 254.54 | 256.54 | 257.77 | 259.76 | 261.76 | 262.99 | 264.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 250.26 | 253.64 | 257.87 | 261.25 | 265.48 | 268.86 | 273.09 |
| Camarilla | 260.02 | 260.72 | 261.41 | 262.11 | 262.81 | 263.51 | 264.20 |
| Woodie | 250.70 | 253.85 | 258.31 | 261.46 | 265.92 | 269.07 | 273.53 |
| Fibonacci | 253.64 | 256.54 | 258.34 | 261.25 | 264.15 | 265.95 | 268.86 |
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): | 65.43 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 17.36 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 258.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 257.85 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 257.83 | |
| Zig ZAG (10): | 258.99 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 83.97 | |
| TEMA (21): | 258.71 | |
| Williams %R (14): | -28.48 | |
| Chande Momentum Oscillator (20): | 0.98 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 258.55 | |
| MA20: | 260.47 | |
| MA50: | 258.23 | |
| MA100: | 262.07 | |
| MAexp7: | 258.65 | |
| MAexp20: | 258.37 | |
| MAexp50: | 258.28 | |
| MAexp100: | 258.50 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.34% | |
| 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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