GBP/HUF - 1H - Technical analysis published on 06/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 432.80 HUF
My targets
436.15 HUF (+1.63)
443.86 HUF (+9.34)
My analysis
GBP/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 432.80 HUF. The next resistance located at 436.15 HUF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 443.86 HUF. After this resistance, buyers could then target 446.48 HUF. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HUF rating is 434.52 HUF. The price registered an increase of +0.46% on the session and was between 432.37 HUF and 434.55 HUF. This implies that the price is at +0.50% from its lowest and at -0.01% from its highest.432.37
434.55
434.52
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/HUF in 1H shows a strongly overall bullish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 430.89 | 432.11 | 432.80 | 434.52 | 446.48 | 454.16 | 475.22 |
| Change (%) | -0.84% | -0.55% | -0.40% | - | +2.75% | +4.52% | +9.37% |
| Change | -3.63 | -2.41 | -1.72 | - | +11.96 | +19.64 | +40.70 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 425.44 | 426.97 | 429.75 | 431.28 | 434.06 | 435.59 | 438.37 |
| Camarilla | 431.36 | 431.75 | 432.15 | 432.54 | 432.94 | 433.33 | 433.73 |
| Woodie | 426.08 | 427.28 | 430.39 | 431.59 | 434.70 | 435.90 | 439.01 |
| Fibonacci | 426.97 | 428.61 | 429.63 | 431.28 | 432.92 | 433.94 | 435.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 424.24 | 425.64 | 428.21 | 429.61 | 432.18 | 433.58 | 436.15 |
| Camarilla | 429.69 | 430.05 | 430.42 | 430.78 | 431.14 | 431.51 | 431.87 |
| Woodie | 424.83 | 425.93 | 428.80 | 429.90 | 432.77 | 433.87 | 436.74 |
| Fibonacci | 425.64 | 427.16 | 428.09 | 429.61 | 431.13 | 432.06 | 433.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 409.50 | 415.72 | 423.57 | 429.79 | 437.64 | 443.86 | 451.71 |
| Camarilla | 427.54 | 428.83 | 430.12 | 431.41 | 432.70 | 433.99 | 435.28 |
| Woodie | 410.31 | 416.13 | 424.38 | 430.20 | 438.45 | 444.27 | 452.52 |
| Fibonacci | 415.72 | 421.10 | 424.42 | 429.79 | 435.17 | 438.49 | 443.86 |
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): | 77.96 | |
| MACD (12,26,9): | 0.6700 | |
| Directional Movement: | 23.14 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 433.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 432.77 | |
| Elder Ray (13): | 0.76 | |
| Super Trend (3,10): | 432.18 | |
| Zig ZAG (10): | 433.61 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 90.30 | |
| TEMA (21): | 433.64 | |
| Williams %R (14): | -20.99 | |
| Chande Momentum Oscillator (20): | 1.21 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.40 |
| MA7: | 430.51 | |
| MA20: | 430.21 | |
| MA50: | 427.35 | |
| MA100: | 431.38 | |
| MAexp7: | 433.21 | |
| MAexp20: | 432.53 | |
| MAexp50: | 431.52 | |
| MAexp100: | 430.79 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +0.87% |
Quotes :
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Real time data
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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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