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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 06/30/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 207.55 HUF
My targets
209.25 HUF (+1.38)
210.81 HUF (+2.94)
My analysis
The strong short-term increase of NZD/HUF should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 207.55 HUF, a purchase could be considered. The first bullish objective is located at 209.25 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 210.81 HUF. If there is any crossing, the next objective would be the resistance at 211.94 HUF. Caution, if there is a return under 207.55 HUF, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/HUF rating is 207.87 HUF. The price registered an increase of +0.33% on the session and was between 207.14 HUF and 207.89 HUF. This implies that the price is at +0.35% from its lowest and at -0.01% from its highest.

207.14
207.89
207.87

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NZD/HUF:
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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NZD/HUF chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. 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 100

Type : Bullish

Timeframe : 1 hour



In fact, 12 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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel 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


S3S2S1PriceR1R2R3
ProTrendLines 205.65 206.37 207.55 207.87 209.25 210.81 211.94
Change (%) -1.07% -0.72% -0.15% - +0.66% +1.41% +1.96%
Change -2.22 -1.50 -0.32 - +1.38 +2.94 +4.07
Level Minor Intermediate Major - Intermediate Minor 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
Standard205.18205.78206.48207.08207.78208.38209.08
Camarilla206.83206.95207.07207.19207.31207.43207.55
Woodie205.24205.81206.54207.11207.84208.41209.14
Fibonacci205.78206.27206.58207.08207.57207.88208.38


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard200.28203.92206.31209.95212.34215.98218.37
Camarilla207.05207.61208.16208.71209.26209.82210.37
Woodie199.67203.61205.70209.64211.73215.67217.76
Fibonacci203.92206.22207.64209.95212.25213.67215.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard192.03199.91204.35212.23216.67224.55228.99
Camarilla205.40206.53207.66208.79209.92211.05212.18
Woodie190.31199.05202.63211.37214.95223.69227.27
Fibonacci199.91204.62207.52212.23216.94219.84224.55

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 59.27
MACD (12,26,9): 0.1100
Directional Movement: 4.44
AROON (14): 28.57
DEMA (21): 207.35
Parabolic SAR (0,02-0,02-0,2): 207.01
Elder Ray (13): 0.17
Super Trend (3,10): 206.42
Zig ZAG (10): 207.63
VORTEX (21): 1.0000
Stochastique (14,3,5): 74.13
TEMA (21): 207.50
Williams %R (14): -4.04
Chande Momentum Oscillator (20): 0.67
Repulse (5,40,3): 0.1700
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.48
MA7: 207.90
MA20: 209.56
MA50: 210.97
MA100: 215.60
MAexp7: 207.39
MAexp20: 207.23
MAexp50: 207.26
MAexp100: 207.71
Price / MA7: -0.01%
Price / MA20: -0.81%
Price / MA50: -1.47%
Price / MA100: -3.59%
Price / MAexp7: +0.24%
Price / MAexp20: +0.31%
Price / MAexp50: +0.30%
Price / MAexp100: +0.08%

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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