CAD/HUF - 1H - Technical analysis published on 01/17/2024 (GMT)
- 90
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
17%
33%
50%
My opinion
Neutral between 257.82 HUF and 258.88 HUF
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 258.88 HUF. The first support is located at 257.82 HUF. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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.
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Additional analysis
Quotes
The CAD/HUF rating is 258.53 HUF. The price registered a decrease of -0.02% on the session and was traded between 257.87 HUF and 259.55 HUF over the period. The price is currently at +0.26% from its lowest and -0.39% from its highest.257.87
259.55
258.53
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 257.59 | 257.82 | 258.43 | 258.53 | 258.88 | 259.42 | 259.86 |
| Change (%) | -0.36% | -0.27% | -0.04% | - | +0.14% | +0.34% | +0.51% |
| Change | -0.94 | -0.71 | -0.10 | - | +0.35 | +0.89 | +1.33 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 255.76 | 256.59 | 257.58 | 258.41 | 259.40 | 260.23 | 261.22 |
| Camarilla | 258.08 | 258.25 | 258.41 | 258.58 | 258.75 | 258.91 | 259.08 |
| Woodie | 255.85 | 256.63 | 257.67 | 258.45 | 259.49 | 260.27 | 261.31 |
| Fibonacci | 256.59 | 257.28 | 257.71 | 258.41 | 259.10 | 259.53 | 260.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.49 | 255.72 | 256.97 | 258.20 | 259.45 | 260.68 | 261.93 |
| Camarilla | 257.54 | 257.77 | 257.99 | 258.22 | 258.45 | 258.68 | 258.90 |
| Woodie | 254.50 | 255.73 | 256.98 | 258.21 | 259.46 | 260.69 | 261.94 |
| Fibonacci | 255.72 | 256.67 | 257.25 | 258.20 | 259.15 | 259.73 | 260.68 |
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): | 47.86 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | -0.72 | |
| AROON (14): | 0 | |
| DEMA (21): | 258.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 257.90 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 257.90 | |
| Zig ZAG (10): | 258.54 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 59.92 | |
| TEMA (21): | 258.85 | |
| Williams %R (14): | -60.12 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.06 |
| MA7: | 258.26 | |
| MA20: | 260.03 | |
| MA50: | 258.11 | |
| MA100: | 261.99 | |
| MAexp7: | 258.78 | |
| MAexp20: | 258.69 | |
| MAexp50: | 258.49 | |
| MAexp100: | 258.44 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | -1.32% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
Real time data
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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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