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 12/01/2024 (GMT)

  • 145
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bearish
Technical indicators
28%
44%
28%
My opinion
Neutral between 278.02 HUF and 280.06 HUF
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 280.06 HUF. The first support is located at 278.02 HUF. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CAD/HUF.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/HUF price is 279.44 HUF. The price registered an increase of +0.45% on the session with the lowest point at 279.30 HUF and the highest point at 279.85 HUF. The deviation from the price is +0.05% for the low point and -0.15% for the high point.

279.30
279.85
279.44

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/HUF:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 CAD/HUF in 1H shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 276.21 277.09 278.02 279.44 280.06 281.19 282.46
Change (%) -1.16% -0.84% -0.51% - +0.22% +0.63% +1.08%
Change -3.23 -2.35 -1.42 - +0.62 +1.75 +3.02
Level Intermediate Minor Major - 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
Standard274.63276.32277.26278.95279.89281.58282.52
Camarilla277.48277.72277.96278.20278.44278.68278.92
Woodie274.26276.13276.89278.76279.52281.39282.15
Fibonacci276.32277.33277.95278.95279.96280.58281.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard269.20272.71275.45278.96281.70285.21287.95
Camarilla276.48277.05277.63278.20278.77279.35279.92
Woodie268.83272.52275.08278.77281.33285.02287.58
Fibonacci272.71275.09276.57278.96281.34282.82285.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard254.80261.77269.98276.95285.16292.13300.34
Camarilla274.03275.42276.81278.20279.59280.98282.38
Woodie255.43262.08270.61277.26285.79292.44300.97
Fibonacci261.77267.57271.15276.95282.75286.33292.13

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): 41.30
MACD (12,26,9): -0.1300
Directional Movement: 1.99
AROON (14): -21.43
DEMA (21): 278.83
Parabolic SAR (0,02-0,02-0,2): 279.66
Elder Ray (13): -0.32
Super Trend (3,10): 280.38
Zig ZAG (10): 278.20
VORTEX (21): 0.9600
Stochastique (14,3,5): 31.40
TEMA (21): 278.70
Williams %R (14): -90.82
Chande Momentum Oscillator (20): -1.23
Repulse (5,40,3): -0.4200
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.13
MA7: 279.56
MA20: 276.04
MA50: 270.73
MA100: 266.45
MAexp7: 278.79
MAexp20: 278.98
MAexp50: 279.05
MAexp100: 278.98
Price / MA7: -0.04%
Price / MA20: +1.23%
Price / MA50: +3.22%
Price / MA100: +4.88%
Price / MAexp7: +0.23%
Price / MAexp20: +0.16%
Price / MAexp50: +0.14%
Price / MAexp100: +0.16%

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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