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CAD/HUF
CAD HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADHUF
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CAD/HUF - 1H - Technical analysis published on 07/19/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 262.83 HUF
My targets
260.50 HUF (-1.06)
259.32 HUF (-2.24)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/HUF. As long as you are under the resistance located at 262.83 HUF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 260.50 HUF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 259.32 HUF as an objective. Crossing it would then enable sellers to target 255.69 HUF. If the resistance 262.83 HUF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.6

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 rating is 261.56 HUF. The price is lower by -0.03% since the last closing and was between 261.49 HUF and 262.23 HUF. This implies that the price is at +0.03% from its lowest and at -0.26% from its highest.

261.49
262.23
261.56

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 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 bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 259.32 260.50 261.49 261.56 262.83 264.62 266.42
Change (%) -0.86% -0.41% -0.03% - +0.49% +1.17% +1.86%
Change -2.24 -1.06 -0.07 - +1.27 +3.06 +4.86
Level Major Minor Intermediate - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard259.46259.98260.80261.32262.14262.66263.48
Camarilla261.26261.38261.51261.63261.75261.88262.00
Woodie259.62260.06260.96261.40262.30262.74263.64
Fibonacci259.98260.49260.81261.32261.83262.15262.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard256.53260.01261.80265.28267.07270.55272.34
Camarilla262.15262.63263.12263.60264.08264.57265.05
Woodie255.70259.59260.97264.86266.24270.13271.51
Fibonacci260.01262.02263.26265.28267.29268.53270.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard251.38256.05262.99267.66274.60279.27286.21
Camarilla266.75267.81268.88269.94271.00272.07273.13
Woodie252.53256.62264.14268.23275.75279.84287.36
Fibonacci256.05260.48263.22267.66272.09274.83279.27

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): 48.81
MACD (12,26,9): 0.1000
Directional Movement: -2.16
AROON (14): 64.28
DEMA (21): 261.85
Parabolic SAR (0,02-0,02-0,2): 262.22
Elder Ray (13): -0.13
Super Trend (3,10): 261.17
Zig ZAG (10): 261.62
VORTEX (21): 1.0700
Stochastique (14,3,5): 32.43
TEMA (21): 261.96
Williams %R (14): -81.08
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): -0.1400
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.18
MA7: 262.78
MA20: 266.48
MA50: 264.92
MA100: 266.20
MAexp7: 261.77
MAexp20: 261.72
MAexp50: 261.75
MAexp100: 262.31
Price / MA7: -0.46%
Price / MA20: -1.85%
Price / MA50: -1.27%
Price / MA100: -1.74%
Price / MAexp7: -0.08%
Price / MAexp20: -0.06%
Price / MAexp50: -0.07%
Price / MAexp100: -0.29%

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
Londinia AI

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