NZD/HUF
NZD HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDHUF
ISIN:

NZD/HUF - 1H - Technical analysis published on 03/22/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 228.57 HUF
My targets
224.63 HUF (-0.66)
222.09 HUF (-3.20)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 228.57 HUF remains possible. It is advisable to trade NZD/HUF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 228.57 HUF. The next bearish objective for sellers is set at 224.63 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 222.09 HUF. In case of crossing, the next objective would be the support located at 218.75 HUF. PS: if there is a bullish break in the resistance located at 228.57 HUF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.2

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:
15 min. Daily Weekly

Additional analysis

Quotes

NZD/HUF rating 225.29 HUF. The price registered an increase of +0.75% on the session with the lowest point at 222.97 HUF and the highest point at 225.46 HUF. The deviation from the price is +1.04% for the low point and -0.08% for the high point.

222.97
225.46
225.29

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 NZD/HUF in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 218.75 222.09 224.63 225.29 228.57 230.93 236.72
Change (%) -2.90% -1.42% -0.29% - +1.46% +2.50% +5.07%
Change -6.54 -3.20 -0.66 - +3.28 +5.64 +11.43
Level Major Major 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
Standard213.71218.26220.94225.49228.17232.72235.40
Camarilla221.63222.30222.96223.62224.28224.95225.61
Woodie212.78217.79220.01225.02227.24232.25234.47
Fibonacci218.26221.02222.73225.49228.25229.96232.72


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard207.53213.60223.58229.65239.63245.70255.68
Camarilla229.14230.61232.08233.55235.02236.49237.96
Woodie209.48214.58225.53230.63241.58246.68257.63
Fibonacci213.60219.73223.52229.65235.78239.57245.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard200.50209.54215.38224.42230.26239.30245.14
Camarilla217.14218.50219.87221.23222.59223.96225.32
Woodie198.91208.74213.79223.62228.67238.50243.55
Fibonacci209.54215.22218.73224.42230.10233.61239.30

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): 50.88
MACD (12,26,9): -0.8300
Directional Movement: -1.65
AROON (14): 85.71
DEMA (21): 223.22
Parabolic SAR (0,02-0,02-0,2): 223.42
Elder Ray (13): 0.70
Super Trend (3,10): 225.13
Zig ZAG (10): 225.11
VORTEX (21): 0.9900
Stochastique (14,3,5): 89.57
TEMA (21): 223.75
Williams %R (14): -8.30
Chande Momentum Oscillator (20): 1.86
Repulse (5,40,3): 0.6800
ROCnROLL: -1
TRIX (15,9): -0.0800
Courbe Coppock: 0.28
MA7: 228.60
MA20: 223.76
MA50: 227.46
MA100: 234.68
MAexp7: 224.31
MAexp20: 224.58
MAexp50: 226.68
MAexp100: 227.91
Price / MA7: -1.45%
Price / MA20: +0.68%
Price / MA50: -0.95%
Price / MA100: -4.00%
Price / MAexp7: +0.44%
Price / MAexp20: +0.32%
Price / MAexp50: -0.61%
Price / MAexp100: -1.15%

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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