NZD/HUF - 1H - Technical analysis published on 02/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 212.83 HUF
My targets
213.93 HUF (+0.68)
214.79 HUF (+1.54)
My analysis
The basic bullish trend is very strong on NZD/HUF but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 212.83 HUF. Crossing the first resistance at 213.93 HUF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 214.79 HUF as an objective. Crossing it would then enable buyers to target 217.64 HUF. Caution, a return to below 212.83 HUF would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/HUF rating is 213.25 HUF. The price registered an increase of +0.05% on the session with the lowest point at 212.72 HUF and the highest point at 213.43 HUF. The deviation from the price is +0.25% for the low point and -0.08% for the high point.212.72
213.43
213.25
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/HUF:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/HUF chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 211.57 | 212.30 | 212.83 | 213.25 | 213.40 | 213.93 | 214.79 |
| Change (%) | -0.79% | -0.45% | -0.20% | - | +0.07% | +0.32% | +0.72% |
| Change | -1.68 | -0.95 | -0.42 | - | +0.15 | +0.68 | +1.54 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
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 | 211.41 | 211.86 | 212.50 | 212.95 | 213.59 | 214.04 | 214.68 |
| Camarilla | 212.84 | 212.94 | 213.04 | 213.14 | 213.24 | 213.34 | 213.44 |
| Woodie | 211.51 | 211.91 | 212.60 | 213.00 | 213.69 | 214.09 | 214.78 |
| Fibonacci | 211.86 | 212.28 | 212.53 | 212.95 | 213.37 | 213.62 | 214.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.81 | 208.27 | 209.87 | 212.33 | 213.93 | 216.39 | 217.99 |
| Camarilla | 210.35 | 210.73 | 211.10 | 211.47 | 211.84 | 212.21 | 212.59 |
| Woodie | 205.38 | 208.06 | 209.44 | 212.12 | 213.50 | 216.18 | 217.56 |
| Fibonacci | 208.27 | 209.82 | 210.78 | 212.33 | 213.88 | 214.84 | 216.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.03 | 206.84 | 209.16 | 211.97 | 214.29 | 217.10 | 219.42 |
| Camarilla | 210.06 | 210.53 | 211.00 | 211.47 | 211.94 | 212.41 | 212.88 |
| Woodie | 203.78 | 206.72 | 208.91 | 211.85 | 214.04 | 216.98 | 219.17 |
| Fibonacci | 206.84 | 208.80 | 210.01 | 211.97 | 213.93 | 215.14 | 217.10 |
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): | 59.22 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 10.14 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 213.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 212.68 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 212.29 | |
| Zig ZAG (10): | 213.13 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 83.56 | |
| TEMA (21): | 213.09 | |
| Williams %R (14): | -16.04 | |
| Chande Momentum Oscillator (20): | 0.46 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.35 |
| MA7: | 212.44 | |
| MA20: | 212.39 | |
| MA50: | 210.97 | |
| MA100: | 208.44 | |
| MAexp7: | 212.96 | |
| MAexp20: | 212.89 | |
| MAexp50: | 212.57 | |
| MAexp100: | 212.36 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +1.08% | |
| Price / MA100: | +2.31% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.42% |
Quotes :
2021-02-04 08:12:54
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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.
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