GBP/HUF - Daily - Technical analysis published on 02/16/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 435.11 HUF
My targets
426.89 HUF (-4.37)
415.16 HUF (-16.10)
My analysis
GBP/HUF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 435.11 HUF. The next support located at 426.89 HUF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 415.16 HUF. Below this support, sellers could then target 386.81 HUF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
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 431.26 HUF. On the day, this instrument gained +0.81% and was between 427.18 HUF and 432.52 HUF. This implies that the price is at +0.96% from its lowest and at -0.29% from its highest.427.18
432.52
431.26
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of GBP/HUF in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 386.81 | 415.16 | 430.72 | 431.26 | 446.48 | 457.09 | 466.65 |
| Change (%) | -10.31% | -3.73% | -0.13% | - | +3.53% | +5.99% | +8.21% |
| Change | -44.45 | -16.10 | -0.54 | - | +15.22 | +25.83 | +35.39 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 421.04 | 423.34 | 425.56 | 427.86 | 430.08 | 432.38 | 434.60 |
| Camarilla | 426.55 | 426.96 | 427.38 | 427.79 | 428.20 | 428.62 | 429.03 |
| Woodie | 421.01 | 423.32 | 425.53 | 427.84 | 430.05 | 432.36 | 434.57 |
| Fibonacci | 423.34 | 425.06 | 426.13 | 427.86 | 429.58 | 430.65 | 432.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 420.49 | 426.64 | 431.93 | 438.08 | 443.37 | 449.52 | 454.81 |
| Camarilla | 434.08 | 435.13 | 436.18 | 437.23 | 438.28 | 439.33 | 440.38 |
| Woodie | 420.07 | 426.43 | 431.51 | 437.87 | 442.95 | 449.31 | 454.39 |
| Fibonacci | 426.64 | 431.01 | 433.71 | 438.08 | 442.45 | 445.15 | 449.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 415.27 | 426.89 | 435.11 | 446.73 | 454.95 | 466.57 | 474.79 |
| Camarilla | 437.87 | 439.69 | 441.51 | 443.33 | 445.15 | 446.97 | 448.79 |
| Woodie | 413.57 | 426.04 | 433.41 | 445.88 | 453.25 | 465.72 | 473.09 |
| Fibonacci | 426.89 | 434.47 | 439.15 | 446.73 | 454.31 | 458.99 | 466.57 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.11 | |
| MACD (12,26,9): | -5.5100 | |
| Directional Movement: | -11.38 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 430.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 442.02 | |
| Elder Ray (13): | -5.49 | |
| Super Trend (3,10): | 445.69 | |
| Zig ZAG (10): | 430.99 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 12.84 | |
| TEMA (21): | 430.12 | |
| Williams %R (14): | -73.99 | |
| Chande Momentum Oscillator (20): | -12.14 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 5.00 |
| MA7: | 433.01 | |
| MA20: | 438.65 | |
| MA50: | 449.69 | |
| MA100: | 462.25 | |
| MAexp7: | 432.56 | |
| MAexp20: | 438.21 | |
| MAexp50: | 447.62 | |
| MAexp100: | 455.33 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | -4.10% | |
| Price / MA100: | -6.70% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -1.59% | |
| Price / MAexp50: | -3.65% | |
| Price / MAexp100: | -5.29% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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