USD/HUF

- HUF (-)

- Real time data - Forex

Open:	-
Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDHUF
ISIN:

USD/HUF - Daily - Technical analysis published on 08/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 348.65 HUF

My targets

359.04 HUF (+7.76)

374.94 HUF (+23.66)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on USD/HUF as long as the price remains well above 348.65 HUF. The buyers' bullish objective is set at 359.04 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 374.94 HUF. If there is any crossing, the next objective would be the resistance located at 392.89 HUF. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.6

Comment on the analysis

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 rating is 351.28 HUF. The price is lower by -0.01% since the last closing with the lowest point at 350.45 HUF and the highest point at 351.62 HUF. The deviation from the price is +0.24% for the low point and -0.10% for the high point.

350.45

351.62

351.28

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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 an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/HUF chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative 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.

On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	309.17	339.00	348.65	351.28	359.04	374.94	392.89
Change (%)	-11.99%	-3.50%	-0.75%	-	+2.21%	+6.74%	+11.85%
Change	-42.11	-12.28	-2.63	-	+7.76	+23.66	+41.61
Level	Intermediate	Major	Major	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	344.16	346.79	349.04	351.67	353.92	356.55	358.80
Camarilla	349.96	350.41	350.85	351.30	351.75	352.20	352.64
Woodie	343.98	346.70	348.86	351.58	353.74	356.46	358.62
Fibonacci	346.79	348.65	349.80	351.67	353.53	354.68	356.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	339.73	344.30	348.03	352.60	356.33	360.90	364.63
Camarilla	349.48	350.24	351.00	351.76	352.52	353.28	354.04
Woodie	339.31	344.09	347.61	352.39	355.91	360.69	364.21
Fibonacci	344.30	347.47	349.43	352.60	355.77	357.73	360.90

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	310.50	320.96	336.61	347.07	362.72	373.18	388.83
Camarilla	345.07	347.46	349.86	352.25	354.64	357.04	359.43
Woodie	313.09	322.26	339.20	348.37	365.31	374.48	391.42
Fibonacci	320.96	330.94	337.10	347.07	357.05	363.21	373.18

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):	51.85
MACD (12,26,9):	2.0200
Directional Movement:	3.29
AROON (14):	-35.72
DEMA (21):	354.11
Parabolic SAR (0,02-0,02-0,2):	358.95
Elder Ray (13):	-1.13
Super Trend (3,10):	343.29
Zig ZAG (10):	351.05
VORTEX (21):	1.1100
Stochastique (14,3,5):	33.36
TEMA (21):	354.37
Williams %R (14):	-69.08
Chande Momentum Oscillator (20):	-3.09
Repulse (5,40,3):	-0.6300
ROCnROLL:	-1
TRIX (15,9):	0.1200
Courbe Coppock:	0.71

MA7:	353.19
MA20:	352.55
MA50:	345.64
MA100:	344.11
MAexp7:	352.38
MAexp20:	351.16
MAexp50:	348.03
MAexp100:	349.47
Price / MA7:	-0.54%
Price / MA20:	-0.36%
Price / MA50:	+1.63%
Price / MA100:	+2.08%
Price / MAexp7:	-0.31%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.93%
Price / MAexp100:	+0.52%

Quotes : - Real time data - Forex

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

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