CAD/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADHUF
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CAD/HUF - 1H - Technical analysis published on 01/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

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

Comment on the analysis

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

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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

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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Londinia AI

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