USD/HUF - 15 min. - Technical analysis published on 07/17/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 332.38 HUF
My targets
333.58 HUF (+0.21)
334.75 HUF (+1.38)
My analysis
USD/HUF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 332.38 HUF, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 333.58 HUF. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 334.75 HUF would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 335.95 HUF. Beware of a possible return to under the support located at 332.38 HUF which would be the sign of a correction of the bullish excesses registered in the short term.
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
4.5
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This analysis was given by Smtak. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/HUF rating 333.37 HUF. On the day, this instrument lost -0.06% with the lowest point at 331.74 HUF and the highest point at 334.22 HUF. The deviation from the price is +0.49% for the low point and -0.25% for the high point.331.74
334.22
333.37
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this USD/HUF chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. 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, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 292.24 | 309.17 | 332.50 | 333.37 | 334.77 | 339.00 | 343.25 |
| Change (%) | -12.34% | -7.26% | -0.26% | - | +0.42% | +1.69% | +2.96% |
| Change | -41.13 | -24.20 | -0.87 | - | +1.40 | +5.63 | +9.88 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | 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 | 330.01 | 331.21 | 332.38 | 333.58 | 334.75 | 335.95 | 337.12 |
| Camarilla | 332.91 | 333.13 | 333.34 | 333.56 | 333.78 | 334.00 | 334.21 |
| Woodie | 330.01 | 331.20 | 332.38 | 333.57 | 334.75 | 335.94 | 337.12 |
| Fibonacci | 331.21 | 332.11 | 332.67 | 333.58 | 334.48 | 335.04 | 335.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 306.59 | 319.49 | 326.53 | 339.43 | 346.47 | 359.37 | 366.41 |
| Camarilla | 328.08 | 329.90 | 331.73 | 333.56 | 335.39 | 337.22 | 339.04 |
| Woodie | 303.65 | 318.03 | 323.59 | 337.97 | 343.53 | 357.91 | 363.47 |
| Fibonacci | 319.49 | 327.11 | 331.82 | 339.43 | 347.05 | 351.76 | 359.37 |
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 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): | 66.59 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 14.61 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 332.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 331.83 | |
| Elder Ray (13): | 0.79 | |
| Super Trend (3,10): | 331.92 | |
| Zig ZAG (10): | 333.67 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 81.88 | |
| TEMA (21): | 332.60 | |
| Williams %R (14): | -5.58 | |
| Chande Momentum Oscillator (20): | 1.48 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.21 |
| MA7: | 339.60 | |
| MA20: | 341.25 | |
| MA50: | 342.68 | |
| MA100: | 346.29 | |
| MAexp7: | 332.63 | |
| MAexp20: | 332.37 | |
| MAexp50: | 332.61 | |
| MAexp100: | 332.94 | |
| Price / MA7: | -1.83% | |
| Price / MA20: | -2.31% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -3.73% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.13% |
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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