GBP/HUF - 1H - Technical analysis published on 11/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 491.60 HUF
My targets
494.59 HUF (+0.58)
496.12 HUF (+2.11)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/HUF as long as the price remains well above 491.60 HUF. The buyers' bullish objective is set at 494.59 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 496.12 HUF. If there is any crossing, the next objective would be the resistance located at 497.16 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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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 price is 494.01 HUF. The price is lower by -0.01% since the last closing and was traded between 492.22 HUF and 497.47 HUF over the period. The price is currently at +0.36% from its lowest and -0.70% from its highest.492.22
497.47
494.01
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HUF:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/HUF in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 485.74 | 489.39 | 491.60 | 494.01 | 494.59 | 496.12 | 497.16 |
| Change (%) | -1.67% | -0.94% | -0.49% | - | +0.12% | +0.43% | +0.64% |
| Change | -8.27 | -4.62 | -2.41 | - | +0.58 | +2.11 | +3.15 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Minor |
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 | 488.62 | 489.97 | 492.00 | 493.35 | 495.38 | 496.73 | 498.76 |
| Camarilla | 493.11 | 493.42 | 493.73 | 494.04 | 494.35 | 494.66 | 494.97 |
| Woodie | 488.97 | 490.14 | 492.35 | 493.52 | 495.73 | 496.90 | 499.11 |
| Fibonacci | 489.97 | 491.26 | 492.06 | 493.35 | 494.64 | 495.44 | 496.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 472.49 | 479.09 | 483.95 | 490.55 | 495.41 | 502.01 | 506.87 |
| Camarilla | 485.65 | 486.70 | 487.75 | 488.80 | 489.85 | 490.90 | 491.95 |
| Woodie | 471.61 | 478.66 | 483.07 | 490.12 | 494.53 | 501.58 | 505.99 |
| Fibonacci | 479.09 | 483.47 | 486.18 | 490.55 | 494.93 | 497.64 | 502.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 460.53 | 467.67 | 475.89 | 483.03 | 491.25 | 498.39 | 506.61 |
| Camarilla | 479.90 | 481.30 | 482.71 | 484.12 | 485.53 | 486.94 | 488.34 |
| Woodie | 461.08 | 467.94 | 476.44 | 483.30 | 491.80 | 498.66 | 507.16 |
| Fibonacci | 467.67 | 473.53 | 477.16 | 483.03 | 488.89 | 492.52 | 498.39 |
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): | 54.32 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 15.09 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 494.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 492.43 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 492.31 | |
| Zig ZAG (10): | 494.03 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 37.71 | |
| TEMA (21): | 494.09 | |
| Williams %R (14): | -64.38 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.02 |
| MA7: | 490.36 | |
| MA20: | 489.25 | |
| MA50: | 482.00 | |
| MA100: | 473.65 | |
| MAexp7: | 494.00 | |
| MAexp20: | 493.80 | |
| MAexp50: | 492.76 | |
| MAexp100: | 491.56 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +4.30% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.50% |
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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