GBP/HUF - 1H - Technical analysis published on 11/11/2022 (GMT)
- 222
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 460.07 HUF
My targets
462.63 HUF (+1.88)
467.51 HUF (+6.76)
My analysis
The bullish trend is currently very strong on GBP/HUF. As long as the price remains above the support at 460.07 HUF, you could try to benefit from the boom. The first bullish objective is located at 462.63 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 467.51 HUF as an objective. Crossing it would then enable buyers to target 475.22 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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 GBP/HUF price is 460.75 HUF. The price registered a decrease of -0.03% on the session and was traded between 456.98 HUF and 462.87 HUF over the period. The price is currently at +0.82% from its lowest and -0.46% from its highest.456.98
462.87
460.75
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 GBP/HUF:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/HUF in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
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:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 446.48 | 454.62 | 460.07 | 460.75 | 462.63 | 467.51 | 475.22 |
| Change (%) | -3.10% | -1.33% | -0.15% | - | +0.41% | +1.47% | +3.14% |
| Change | -14.27 | -6.13 | -0.68 | - | +1.88 | +6.76 | +14.47 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 451.32 | 453.65 | 457.28 | 459.61 | 463.24 | 465.57 | 469.20 |
| Camarilla | 459.26 | 459.81 | 460.35 | 460.90 | 461.45 | 461.99 | 462.54 |
| Woodie | 451.96 | 453.98 | 457.92 | 459.94 | 463.88 | 465.90 | 469.84 |
| Fibonacci | 453.65 | 455.93 | 457.34 | 459.61 | 461.89 | 463.30 | 465.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 426.13 | 441.56 | 450.68 | 466.11 | 475.23 | 490.66 | 499.78 |
| Camarilla | 453.04 | 455.29 | 457.54 | 459.79 | 462.04 | 464.29 | 466.54 |
| Woodie | 422.97 | 439.98 | 447.52 | 464.53 | 472.07 | 489.08 | 496.62 |
| Fibonacci | 441.56 | 450.94 | 456.74 | 466.11 | 475.49 | 481.29 | 490.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 419.83 | 442.09 | 458.41 | 480.67 | 496.99 | 519.25 | 535.57 |
| Camarilla | 464.13 | 467.67 | 471.20 | 474.74 | 478.28 | 481.81 | 485.35 |
| Woodie | 416.87 | 440.61 | 455.45 | 479.19 | 494.03 | 517.77 | 532.61 |
| Fibonacci | 442.09 | 456.82 | 465.93 | 480.67 | 495.40 | 504.51 | 519.25 |
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): | 55.80 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | 4.47 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 460.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 462.64 | |
| Elder Ray (13): | 0.75 | |
| Super Trend (3,10): | 456.72 | |
| Zig ZAG (10): | 460.87 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 57.78 | |
| TEMA (21): | 460.57 | |
| Williams %R (14): | -33.79 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.02 |
| MA7: | 460.73 | |
| MA20: | 469.49 | |
| MA50: | 470.15 | |
| MA100: | 471.91 | |
| MAexp7: | 460.27 | |
| MAexp20: | 460.14 | |
| MAexp50: | 459.75 | |
| MAexp100: | 460.57 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -1.86% | |
| Price / MA50: | -2.00% | |
| Price / MA100: | -2.36% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.04% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/HUF - 1H