NZD/HUF - 1H - Technical analysis published on 02/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 221.85 HUF
My targets
223.32 HUF (+0.91)
225.08 HUF (+2.67)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/HUF as long as the price remains well above 221.85 HUF. The buyers' bullish objective is set at 223.32 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 225.08 HUF. If there is any crossing, the next objective would be the resistance located at 228.85 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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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Additional analysis
Quotes
The NZD/HUF rating is 222.41 HUF. On the day, this instrument gained +0.28% and was between 221.75 HUF and 222.41 HUF. This implies that the price is at +0.30% from its lowest and at 0% from its highest.221.75
222.41
222.41
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of NZD/HUF indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 220.70 | 221.26 | 221.85 | 222.41 | 222.50 | 228.85 | 247.76 |
| Change (%) | -0.77% | -0.52% | -0.25% | - | +0.04% | +2.90% | +11.40% |
| Change | -1.71 | -1.15 | -0.56 | - | +0.09 | +6.44 | +25.35 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
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 | 219.19 | 219.95 | 220.87 | 221.63 | 222.55 | 223.31 | 224.23 |
| Camarilla | 221.33 | 221.48 | 221.64 | 221.79 | 221.94 | 222.10 | 222.25 |
| Woodie | 219.27 | 219.99 | 220.95 | 221.67 | 222.63 | 223.35 | 224.31 |
| Fibonacci | 219.95 | 220.59 | 220.99 | 221.63 | 222.27 | 222.67 | 223.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 216.50 | 217.60 | 219.36 | 220.46 | 222.22 | 223.32 | 225.08 |
| Camarilla | 220.33 | 220.60 | 220.86 | 221.12 | 221.38 | 221.64 | 221.91 |
| Woodie | 216.83 | 217.77 | 219.69 | 220.63 | 222.55 | 223.49 | 225.41 |
| Fibonacci | 217.60 | 218.69 | 219.37 | 220.46 | 221.55 | 222.23 | 223.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.98 | 209.13 | 213.12 | 217.27 | 221.26 | 225.41 | 229.40 |
| Camarilla | 214.86 | 215.61 | 216.35 | 217.10 | 217.85 | 218.59 | 219.34 |
| Woodie | 204.89 | 209.09 | 213.03 | 217.23 | 221.17 | 225.37 | 229.31 |
| Fibonacci | 209.13 | 212.24 | 214.16 | 217.27 | 220.38 | 222.30 | 225.41 |
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): | 61.96 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 2.56 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 222.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 221.91 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 221.22 | |
| Zig ZAG (10): | 222.33 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 82.59 | |
| TEMA (21): | 222.31 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.41 |
| MA7: | 221.45 | |
| MA20: | 219.82 | |
| MA50: | 217.98 | |
| MA100: | 215.52 | |
| MAexp7: | 222.17 | |
| MAexp20: | 221.95 | |
| MAexp50: | 221.74 | |
| MAexp100: | 221.56 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +3.20% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.38% |
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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