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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 05/29/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 219.43 HUF
My targets
221.47 HUF (+1.54)
221.93 HUF (+2.00)
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 219.43 HUF. The buyers' bullish objective is set at 221.47 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 221.93 HUF. If there is any crossing, the next objective would be the resistance located at 224.59 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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

NZD/HUF rating 219.93 HUF. The price registered an increase of +1.08% on the session with the lowest point at 217.25 HUF and the highest point at 219.95 HUF. The deviation from the price is +1.23% for the low point and -0.01% for the high point.

217.25
219.95
219.93

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NZD/HUF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

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 a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 218.72 219.06 219.43 219.93 221.93 224.59 228.85
Change (%) -0.55% -0.40% -0.23% - +0.91% +2.12% +4.06%
Change -1.21 -0.87 -0.50 - +2.00 +4.66 +8.92
Level Minor Intermediate Intermediate - Major 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
Standard215.50216.12216.85217.47218.20218.82219.55
Camarilla217.22217.34217.47217.59217.71217.84217.96
Woodie215.57216.15216.92217.50218.27218.85219.62
Fibonacci216.12216.63216.95217.47217.98218.30218.82


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard212.50214.29215.49217.28218.48220.27221.47
Camarilla215.87216.14216.42216.69216.96217.24217.51
Woodie212.21214.14215.20217.13218.19220.12221.18
Fibonacci214.29215.43216.14217.28218.42219.13220.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard209.13212.22213.82216.91218.51221.60223.20
Camarilla214.12214.55214.98215.41215.84216.27216.70
Woodie208.38211.85213.07216.54217.76221.23222.45
Fibonacci212.22214.02215.12216.91218.71219.81221.60

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 79.80
MACD (12,26,9): 0.5900
Directional Movement: 24.63
AROON (14): 92.86
DEMA (21): 219.47
Parabolic SAR (0,02-0,02-0,2): 219.11
Elder Ray (13): 0.68
Super Trend (3,10): 218.73
Zig ZAG (10): 219.83
VORTEX (21): 1.3000
Stochastique (14,3,5): 98.31
TEMA (21): 219.89
Williams %R (14): -1.16
Chande Momentum Oscillator (20): 2.05
Repulse (5,40,3): 0.2000
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 1.82
MA7: 217.76
MA20: 217.27
MA50: 217.86
MA100: 218.67
MAexp7: 219.53
MAexp20: 218.77
MAexp50: 218.16
MAexp100: 217.88
Price / MA7: +1.00%
Price / MA20: +1.22%
Price / MA50: +0.95%
Price / MA100: +0.58%
Price / MAexp7: +0.18%
Price / MAexp20: +0.53%
Price / MAexp50: +0.81%
Price / MAexp100: +0.94%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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Londinia AI

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