EUR/HUF
EUR HUF
- HUF (-)
- Real time data - Forex
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Type: Forex
Ticker: EURHUF
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EUR/HUF - 1H - Technical analysis published on 08/22/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 392.79 HUF
My targets
394.29 HUF (+0.70)
395.23 HUF (+1.64)
My analysis
The strong short-term increase for EUR/HUF reinforces the current slightly bullish trend. As long as the price remains above 392.79 HUF, you could take advantage of this bullish acceleration. The first bullish objective is located at 394.29 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 395.23 HUF as an objective. Crossing it would then enable buyers to target 396.08 HUF. A return to 392.79 HUF would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.7

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 Noli1949. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/HUF rating is 393.59 HUF. On the day, this instrument gained +0.23% and was traded between 392.20 HUF and 394.49 HUF over the period. The price is currently at +0.35% from its lowest and -0.23% from its highest.

392.20
394.49
393.59

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/HUF:
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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/HUF chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 391.89 392.79 393.39 393.59 394.29 395.23 396.08
Change (%) -0.43% -0.20% -0.05% - +0.18% +0.42% +0.63%
Change -1.70 -0.80 -0.20 - +0.70 +1.64 +2.49
Level Intermediate Major Minor - Minor 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
Standard389.51390.70391.69392.88393.87395.06396.05
Camarilla392.08392.28392.48392.68392.88393.08393.28
Woodie389.41390.65391.59392.83393.77395.01395.95
Fibonacci390.70391.53392.05392.88393.71394.23395.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard389.61391.20392.91394.50396.21397.80399.51
Camarilla393.72394.03394.33394.63394.93395.24395.54
Woodie389.68391.23392.98394.53396.28397.83399.58
Fibonacci391.20392.46393.24394.50395.76396.54397.80


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard381.95385.38389.73393.16397.51400.94405.29
Camarilla391.94392.65393.37394.08394.79395.51396.22
Woodie382.41385.61390.19393.39397.97401.17405.75
Fibonacci385.38388.35390.19393.16396.13397.97400.94

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 55.62
MACD (12,26,9): 0.1900
Directional Movement: 3.31
AROON (14): 14.29
DEMA (21): 393.70
Parabolic SAR (0,02-0,02-0,2): 394.37
Elder Ray (13): 0.01
Super Trend (3,10): 392.55
Zig ZAG (10): 393.57
VORTEX (21): 1.1300
Stochastique (14,3,5): 55.37
TEMA (21): 393.85
Williams %R (14): -55.83
Chande Momentum Oscillator (20): -0.29
Repulse (5,40,3): -0.0400
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.33
MA7: 394.20
MA20: 394.86
MA50: 394.28
MA100: 392.22
MAexp7: 393.63
MAexp20: 393.46
MAexp50: 393.34
MAexp100: 393.59
Price / MA7: -0.15%
Price / MA20: -0.32%
Price / MA50: -0.18%
Price / MA100: +0.35%
Price / MAexp7: -0.01%
Price / MAexp20: +0.03%
Price / MAexp50: +0.06%
Price / MAexp100: -0%

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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