GBP/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPHUF
ISIN:

GBP/HUF - 1H - Technical analysis published on 11/26/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

56%

39%

My opinion

Neutral between 490.57 HUF and 492.22 HUF

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 490.57 HUF. The first resistance is located at 492.22 HUF. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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 491.69 HUF. The price is lower by -0.01% since the last closing and was traded between 490.98 HUF and 492.17 HUF over the period. The price is currently at +0.14% from its lowest and -0.10% from its highest.

490.98

492.17

491.69

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/HUF indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

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:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	486.27	488.09	490.57	491.69	492.22	493.52	496.12
Change (%)	-1.10%	-0.73%	-0.23%	-	+0.11%	+0.37%	+0.90%
Change	-5.42	-3.60	-1.12	-	+0.53	+1.83	+4.43
Level	Intermediate	Minor	Intermediate	-	Minor	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	483.17	486.43	489.08	492.34	494.99	498.25	500.90
Camarilla	490.10	490.64	491.18	491.72	492.26	492.80	493.35
Woodie	482.86	486.28	488.77	492.19	494.68	498.10	500.59
Fibonacci	486.43	488.69	490.09	492.34	494.60	496.00	498.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	474.23	479.37	487.20	492.34	500.17	505.31	513.14
Camarilla	491.47	492.66	493.85	495.04	496.23	497.42	498.61
Woodie	475.59	480.04	488.56	493.01	501.53	505.98	514.50
Fibonacci	479.37	484.32	487.38	492.34	497.29	500.35	505.31

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.54
MACD (12,26,9):	-0.6500
Directional Movement:	2.40
AROON (14):	-50.00
DEMA (21):	490.73
Parabolic SAR (0,02-0,02-0,2):	490.09
Elder Ray (13):	0.23
Super Trend (3,10):	492.81
Zig ZAG (10):	491.62
VORTEX (21):	0.8700
Stochastique (14,3,5):	65.39
TEMA (21):	490.51
Williams %R (14):	-22.27
Chande Momentum Oscillator (20):	0.47
Repulse (5,40,3):	0.1700
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.62

MA7:	491.29
MA20:	489.85
MA50:	482.98
MA100:	474.16
MAexp7:	491.26
MAexp20:	491.66
MAexp50:	492.47
MAexp100:	492.28
Price / MA7:	+0.08%
Price / MA20:	+0.38%
Price / MA50:	+1.80%
Price / MA100:	+3.70%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.01%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.12%

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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