CAD/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADHUF
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CAD/HUF - 1H - Technical analysis published on 12/01/2024 (GMT)

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.

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

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.

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:

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:

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:

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:

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

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	274.63	276.32	277.26	278.95	279.89	281.58	282.52
Camarilla	277.48	277.72	277.96	278.20	278.44	278.68	278.92
Woodie	274.26	276.13	276.89	278.76	279.52	281.39	282.15
Fibonacci	276.32	277.33	277.95	278.95	279.96	280.58	281.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	269.20	272.71	275.45	278.96	281.70	285.21	287.95
Camarilla	276.48	277.05	277.63	278.20	278.77	279.35	279.92
Woodie	268.83	272.52	275.08	278.77	281.33	285.02	287.58
Fibonacci	272.71	275.09	276.57	278.96	281.34	282.82	285.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	254.80	261.77	269.98	276.95	285.16	292.13	300.34
Camarilla	274.03	275.42	276.81	278.20	279.59	280.98	282.38
Woodie	255.43	262.08	270.61	277.26	285.79	292.44	300.97
Fibonacci	261.77	267.57	271.15	276.95	282.75	286.33	292.13

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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