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CAD/HUF
CAD HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADHUF
ISIN:

CAD/HUF - 1H - Technical analysis published on 06/10/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 265.25 HUF
My targets
267.58 HUF (+1.34)
270.14 HUF (+3.90)
My analysis
CAD/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 265.25 HUF. The next resistance located at 267.58 HUF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 270.14 HUF. After this resistance, buyers could then target 276.82 HUF. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/HUF price is 266.24 HUF. The price registered an increase of +1.17% on the session and was traded between 263.09 HUF and 266.80 HUF over the period. The price is currently at +1.20% from its lowest and -0.21% from its highest.

263.09
266.80
266.24

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/HUF:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/HUF chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 263.84 264.41 265.25 266.24 266.38 270.14 276.82
Change (%) -0.90% -0.69% -0.37% - +0.05% +1.46% +3.97%
Change -2.40 -1.83 -0.99 - +0.14 +3.90 +10.58
Level Minor Intermediate Intermediate - Minor Intermediate Major



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
Standard258.44259.58261.37262.51264.30265.44267.23
Camarilla262.36262.63262.90263.17263.44263.71263.98
Woodie258.78259.74261.71262.67264.64265.60267.57
Fibonacci259.58260.70261.39262.51263.63264.32265.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard256.30258.50260.84263.04265.38267.58269.92
Camarilla261.92262.34262.75263.17263.59264.00264.42
Woodie256.36258.54260.90263.08265.44267.62269.98
Fibonacci258.50260.24261.31263.04264.78265.85267.58


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard250.36254.27258.85262.76267.34271.25275.83
Camarilla261.11261.88262.66263.44264.22265.00265.78
Woodie250.71254.44259.20262.93267.69271.42276.18
Fibonacci254.27257.51259.51262.76266.00268.00271.25

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): 76.84
MACD (12,26,9): 0.9400
Directional Movement: 38.52
AROON (14): 85.72
DEMA (21): 265.60
Parabolic SAR (0,02-0,02-0,2): 265.10
Elder Ray (13): 1.47
Super Trend (3,10): 264.82
Zig ZAG (10): 266.25
VORTEX (21): 1.2600
Stochastique (14,3,5): 92.83
TEMA (21): 266.11
Williams %R (14): -14.56
Chande Momentum Oscillator (20): 2.91
Repulse (5,40,3): 0.2300
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 1.57
MA7: 263.42
MA20: 261.76
MA50: 264.62
MA100: 265.90
MAexp7: 265.61
MAexp20: 264.46
MAexp50: 263.50
MAexp100: 263.06
Price / MA7: +1.07%
Price / MA20: +1.71%
Price / MA50: +0.61%
Price / MA100: +0.13%
Price / MAexp7: +0.24%
Price / MAexp20: +0.67%
Price / MAexp50: +1.04%
Price / MAexp100: +1.21%

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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