GBP/HUF - 1H - Technical analysis published on 12/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 499.98 HUF
My targets
496.12 HUF (-1.42)
494.44 HUF (-3.10)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/HUF, which is a positive signal for sellers. As long as the price remains above 499.98 HUF, a sale could be considered. The first bearish objective is located at 496.12 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 494.44 HUF as an objective. Crossing it would then enable sellers to target 490.41 HUF. If the price were to return above 499.98 HUF, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/HUF rating 497.54 HUF. The price has increased by +0.17% since the last closing and was between 496.70 HUF and 497.94 HUF. This implies that the price is at +0.17% from its lowest and at -0.08% from its highest.496.70
497.94
497.54
A study of price movements over other periods shows the following variations:
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/HUF chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced 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.
The Central Indicators scanner found this result concerning these indicators:
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
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 490.41 | 494.44 | 496.12 | 497.54 | 499.98 | 503.22 | 505.33 |
| Change (%) | -1.43% | -0.62% | -0.29% | - | +0.49% | +1.14% | +1.57% |
| Change | -7.13 | -3.10 | -1.42 | - | +2.44 | +5.68 | +7.79 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 489.52 | 492.80 | 494.74 | 498.02 | 499.96 | 503.24 | 505.18 |
| Camarilla | 495.26 | 495.73 | 496.21 | 496.69 | 497.17 | 497.65 | 498.13 |
| Woodie | 488.86 | 492.47 | 494.08 | 497.69 | 499.30 | 502.91 | 504.52 |
| Fibonacci | 492.80 | 494.79 | 496.02 | 498.02 | 500.01 | 501.24 | 503.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 476.40 | 483.41 | 491.32 | 498.33 | 506.24 | 513.25 | 521.16 |
| Camarilla | 495.14 | 496.51 | 497.87 | 499.24 | 500.61 | 501.98 | 503.34 |
| Woodie | 476.86 | 483.64 | 491.78 | 498.56 | 506.70 | 513.48 | 521.62 |
| Fibonacci | 483.41 | 489.11 | 492.63 | 498.33 | 504.03 | 507.55 | 513.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 469.76 | 476.59 | 486.77 | 493.60 | 503.78 | 510.61 | 520.79 |
| Camarilla | 492.26 | 493.82 | 495.38 | 496.94 | 498.50 | 500.06 | 501.62 |
| Woodie | 471.43 | 477.43 | 488.44 | 494.44 | 505.45 | 511.45 | 522.46 |
| Fibonacci | 476.59 | 483.09 | 487.11 | 493.60 | 500.10 | 504.12 | 510.61 |
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): | 44.55 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -3.60 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 496.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 498.39 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 499.07 | |
| Zig ZAG (10): | 497.41 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 22.01 | |
| TEMA (21): | 496.62 | |
| Williams %R (14): | -66.98 | |
| Chande Momentum Oscillator (20): | -0.46 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.11 |
| MA7: | 497.84 | |
| MA20: | 497.46 | |
| MA50: | 491.52 | |
| MA100: | 480.51 | |
| MAexp7: | 497.12 | |
| MAexp20: | 497.71 | |
| MAexp50: | 498.50 | |
| MAexp100: | 498.45 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +3.54% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.18% |
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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