USD/HUF - 1H - Technical analysis published on 07/11/2023 (GMT)
- 130
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 347.62 HUF
My targets
344.50 HUF (-1.14)
342.96 HUF (-2.68)
My analysis
The bearish basic trend is very strong on USD/HUF but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 347.62 HUF. Crossing the first support at 344.50 HUF would be a sign of a further potential price plummet. Sellers would then use the next support located at 342.96 HUF as an objective. Crossing it would then enable sellers to target 340.69 HUF. Caution, a return to above the resistance located at 347.62 HUF would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.8
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:
Additional analysis
Quotes
The USD/HUF price is 345.64 HUF. The price registered an increase of +0.00% on the session and was between 343.23 HUF and 346.03 HUF. This implies that the price is at +0.70% from its lowest and at -0.11% from its highest.343.23
346.03
345.64
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of USD/HUF indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 340.69 | 342.96 | 344.50 | 345.64 | 349.05 | 352.34 | 357.53 |
| Change (%) | -1.43% | -0.78% | -0.33% | - | +0.99% | +1.94% | +3.44% |
| Change | -4.95 | -2.68 | -1.14 | - | +3.41 | +6.70 | +11.89 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 336.51 | 341.02 | 343.33 | 347.84 | 350.15 | 354.66 | 356.97 |
| Camarilla | 343.78 | 344.40 | 345.03 | 345.65 | 346.28 | 346.90 | 347.53 |
| Woodie | 335.42 | 340.47 | 342.24 | 347.29 | 349.06 | 354.11 | 355.88 |
| Fibonacci | 341.02 | 343.62 | 345.23 | 347.84 | 350.44 | 352.05 | 354.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 325.21 | 333.04 | 341.89 | 349.72 | 358.57 | 366.40 | 375.25 |
| Camarilla | 346.16 | 347.69 | 349.22 | 350.75 | 352.28 | 353.81 | 355.34 |
| Woodie | 325.73 | 333.30 | 342.41 | 349.98 | 359.09 | 366.66 | 375.77 |
| Fibonacci | 333.04 | 339.41 | 343.35 | 349.72 | 356.09 | 360.03 | 366.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 323.24 | 329.41 | 335.43 | 341.60 | 347.62 | 353.79 | 359.81 |
| Camarilla | 338.10 | 339.22 | 340.33 | 341.45 | 342.57 | 343.69 | 344.80 |
| Woodie | 323.17 | 329.37 | 335.36 | 341.56 | 347.55 | 353.75 | 359.74 |
| Fibonacci | 329.41 | 334.07 | 336.94 | 341.60 | 346.26 | 349.13 | 353.79 |
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): | 43.28 | |
| MACD (12,26,9): | -0.9700 | |
| Directional Movement: | -11.56 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 344.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 343.58 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 346.22 | |
| Zig ZAG (10): | 345.61 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 78.06 | |
| TEMA (21): | 344.62 | |
| Williams %R (14): | -13.21 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.47 |
| MA7: | 348.02 | |
| MA20: | 342.85 | |
| MA50: | 343.05 | |
| MA100: | 347.30 | |
| MAexp7: | 345.28 | |
| MAexp20: | 345.87 | |
| MAexp50: | 347.79 | |
| MAexp100: | 348.34 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +0.75% | |
| Price / MA100: | -0.48% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.78% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis USD/HUF - 1H