CAD/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADHUF
ISIN:

CAD/HUF - 1H - Technical analysis published on 11/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 275.78 HUF

My targets

276.87 HUF (+0.55)

277.56 HUF (+1.24)

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 275.78 HUF. The next resistance located at 276.87 HUF is the next bullish target 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 277.56 HUF. After this resistance, buyers could then target 300.10 HUF.

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

6.3

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 276.32 HUF. On the day, this instrument gained +1.03% with the lowest point at 273.49 HUF and the highest point at 276.38 HUF. The deviation from the price is +1.03% for the low point and -0.02% for the high point.

273.49

276.38

276.32

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/HUF indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	273.57	274.71	275.78	276.32	276.87	277.56	300.10
Change (%)	-1.00%	-0.58%	-0.20%	-	+0.20%	+0.45%	+8.61%
Change	-2.75	-1.61	-0.54	-	+0.55	+1.24	+23.78
Level	Major	Intermediate	Intermediate	-	Minor	Major	Minor

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	270.22	271.80	272.65	274.23	275.08	276.66	277.51
Camarilla	272.84	273.07	273.29	273.51	273.73	273.96	274.18
Woodie	269.87	271.62	272.30	274.05	274.73	276.48	277.16
Fibonacci	271.80	272.73	273.30	274.23	275.16	275.73	276.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	266.99	269.87	272.35	275.23	277.71	280.59	283.07
Camarilla	273.37	273.86	274.35	274.84	275.33	275.82	276.31
Woodie	266.80	269.77	272.16	275.13	277.52	280.49	282.88
Fibonacci	269.87	271.91	273.18	275.23	277.27	278.54	280.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	256.80	260.07	264.72	267.99	272.64	275.91	280.56
Camarilla	267.19	267.92	268.64	269.37	270.10	270.82	271.55
Woodie	257.49	260.42	265.41	268.34	273.33	276.26	281.25
Fibonacci	260.07	263.10	264.97	267.99	271.02	272.89	275.91

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):	65.55
MACD (12,26,9):	0.3600
Directional Movement:	5.82
AROON (14):	7.14
DEMA (21):	275.22
Parabolic SAR (0,02-0,02-0,2):	273.65
Elder Ray (13):	0.64
Super Trend (3,10):	273.49
Zig ZAG (10):	276.00
VORTEX (21):	1.1400
Stochastique (14,3,5):	86.16
TEMA (21):	275.68
Williams %R (14):	-1.87
Chande Momentum Oscillator (20):	2.32
Repulse (5,40,3):	0.4300
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.20

MA7:	275.57
MA20:	272.09
MA50:	267.88
MA100:	265.42
MAexp7:	275.47
MAexp20:	274.80
MAexp50:	274.62
MAexp100:	274.72
Price / MA7:	+0.27%
Price / MA20:	+1.55%
Price / MA50:	+3.15%
Price / MA100:	+4.11%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.55%
Price / MAexp50:	+0.62%
Price / MAexp100:	+0.58%

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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