CAD/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADHUF
ISIN:

CAD/HUF - 1H - Technical analysis published on 12/24/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 276.52 HUF

My targets

274.85 HUF (-0.93)

272.95 HUF (-2.83)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/HUF as long as the price remains well below 276.52 HUF. The sellers' bearish objective is set at 274.85 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 272.95 HUF. In case of crossing, the next objective would be the support located at 271.78 HUF.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.5

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 275.78 HUF. The price registered a decrease of -0.02% on the session and was between 275.62 HUF and 276.46 HUF. This implies that the price is at +0.06% from its lowest and at -0.25% from its highest.

275.62

276.46

275.78

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

Bearish opening

Type : Bearish

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:

Near a new HIGH record (1 year)

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. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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 support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	272.95	274.85	275.57	275.78	276.52	277.41	278.20
Change (%)	-1.03%	-0.34%	-0.08%	-	+0.27%	+0.59%	+0.88%
Change	-2.83	-0.93	-0.21	-	+0.74	+1.63	+2.42
Level	Minor	Intermediate	Minor	-	Minor	Major	Intermediate

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	272.10	273.48	274.65	276.03	277.20	278.58	279.75
Camarilla	275.12	275.35	275.59	275.82	276.05	276.29	276.52
Woodie	272.00	273.43	274.55	275.98	277.10	278.53	279.65
Fibonacci	273.48	274.45	275.06	276.03	277.00	277.61	278.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	265.49	268.64	272.59	275.74	279.69	282.84	286.79
Camarilla	274.60	275.25	275.90	276.55	277.20	277.85	278.50
Woodie	265.90	268.84	273.00	275.94	280.10	283.04	287.20
Fibonacci	268.64	271.35	273.02	275.74	278.45	280.12	282.84

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):	44.65
MACD (12,26,9):	-0.0900
Directional Movement:	-1.32
AROON (14):	42.86
DEMA (21):	275.89
Parabolic SAR (0,02-0,02-0,2):	274.89
Elder Ray (13):	-0.09
Super Trend (3,10):	276.99
Zig ZAG (10):	275.74
VORTEX (21):	0.8900
Stochastique (14,3,5):	51.21
TEMA (21):	275.93
Williams %R (14):	-72.16
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	-0.1400
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.17

MA7:	275.43
MA20:	276.70
MA50:	274.30
MA100:	268.83
MAexp7:	275.94
MAexp20:	276.02
MAexp50:	276.16
MAexp100:	275.94
Price / MA7:	+0.13%
Price / MA20:	-0.33%
Price / MA50:	+0.54%
Price / MA100:	+2.59%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.14%
Price / MAexp100:	-0.06%

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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