NZD/HUF - 1H - Technical analysis published on 07/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 210.05 HUF
My targets
206.93 HUF (-2.71)
204.83 HUF (-4.81)
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 210.05 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 210.05 HUF. The next bearish objective for sellers is set at 206.93 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 204.83 HUF. In case of crossing, the next objective would be the support located at 191.23 HUF. PS: if there is a bullish break in the resistance located at 210.05 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/HUF rating 209.64 HUF. On the day, this instrument gained +0.08% and was between 209.43 HUF and 209.66 HUF. This implies that the price is at +0.10% from its lowest and at -0.01% from its highest.209.43
209.66
209.64
Here is a more detailed summary of the historical variations registered by NZD/HUF:
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
Technical analysis of NZD/HUF in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 184.53 | 191.23 | 204.83 | 209.64 | 210.05 | 211.36 | 214.16 |
| Change (%) | -11.98% | -8.78% | -2.29% | - | +0.20% | +0.82% | +2.16% |
| Change | -25.11 | -18.41 | -4.81 | - | +0.41 | +1.72 | +4.52 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 205.52 | 206.82 | 208.15 | 209.45 | 210.78 | 212.08 | 213.41 |
| Camarilla | 208.75 | 208.99 | 209.23 | 209.47 | 209.71 | 209.95 | 210.19 |
| Woodie | 205.53 | 206.83 | 208.16 | 209.46 | 210.79 | 212.09 | 213.42 |
| Fibonacci | 206.82 | 207.83 | 208.45 | 209.45 | 210.46 | 211.08 | 212.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 202.68 | 206.93 | 209.68 | 213.93 | 216.68 | 220.93 | 223.68 |
| Camarilla | 210.50 | 211.14 | 211.78 | 212.42 | 213.06 | 213.70 | 214.35 |
| Woodie | 201.92 | 206.56 | 208.92 | 213.56 | 215.92 | 220.56 | 222.92 |
| Fibonacci | 206.93 | 209.61 | 211.26 | 213.93 | 216.61 | 218.26 | 220.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 196.53 | 201.09 | 205.35 | 209.91 | 214.17 | 218.73 | 222.99 |
| Camarilla | 207.19 | 207.99 | 208.80 | 209.61 | 210.42 | 211.23 | 212.04 |
| Woodie | 196.38 | 201.02 | 205.20 | 209.84 | 214.02 | 218.66 | 222.84 |
| Fibonacci | 201.09 | 204.46 | 206.54 | 209.91 | 213.28 | 215.36 | 218.73 |
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): | 46.56 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | 2.26 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 208.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 208.37 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 209.90 | |
| Zig ZAG (10): | 209.33 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 64.63 | |
| TEMA (21): | 208.98 | |
| Williams %R (14): | -36.41 | |
| Chande Momentum Oscillator (20): | 0.67 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.47 |
| MA7: | 212.13 | |
| MA20: | 211.46 | |
| MA50: | 211.62 | |
| MA100: | 214.45 | |
| MAexp7: | 209.22 | |
| MAexp20: | 209.38 | |
| MAexp50: | 210.20 | |
| MAexp100: | 211.26 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -2.24% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.77% |
Quotes :
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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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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