USD/HUF - 15 min. - Technical analysis published on 11/01/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
6%
50%
44%
My opinion
Bullish above 360.65 HUF
My targets
365.14 HUF (+1.59)
367.85 HUF (+4.30)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/HUF as long as the price remains well above 360.65 HUF. The buyers' bullish objective is set at 365.14 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 367.85 HUF. If there is any crossing, the next objective would be the resistance located at 374.70 HUF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are in opposition with the general bullish 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
2.9
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This analysis was given by Flowryan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/HUF rating is 363.55 HUF. The price has increased by +0.55% since the last closing with the lowest point at 361.45 HUF and the highest point at 365.08 HUF. The deviation from the price is +0.58% for the low point and -0.42% for the high point.361.45
365.08
363.55
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
Here is a more detailed summary of the historical variations registered by USD/HUF:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of USD/HUF indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
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 | 360.18 | 361.20 | 362.21 | 363.55 | 364.06 | 366.24 | 367.85 |
| Change (%) | -0.93% | -0.65% | -0.37% | - | +0.14% | +0.74% | +1.18% |
| Change | -3.37 | -2.35 | -1.34 | - | +0.51 | +2.69 | +4.30 |
| Level | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 354.38 | 356.16 | 358.87 | 360.65 | 363.36 | 365.14 | 367.85 |
| Camarilla | 360.34 | 360.75 | 361.16 | 361.57 | 361.98 | 362.39 | 362.81 |
| Woodie | 354.84 | 356.39 | 359.33 | 360.88 | 363.82 | 365.37 | 368.31 |
| Fibonacci | 356.16 | 357.88 | 358.94 | 360.65 | 362.37 | 363.43 | 365.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 347.83 | 352.11 | 357.67 | 361.95 | 367.51 | 371.79 | 377.35 |
| Camarilla | 360.51 | 361.42 | 362.32 | 363.22 | 364.12 | 365.02 | 365.93 |
| Woodie | 348.46 | 352.43 | 358.30 | 362.27 | 368.14 | 372.11 | 377.98 |
| Fibonacci | 352.11 | 355.87 | 358.19 | 361.95 | 365.71 | 368.03 | 371.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 334.25 | 345.32 | 353.45 | 364.52 | 372.65 | 383.72 | 391.85 |
| Camarilla | 356.29 | 358.05 | 359.81 | 361.57 | 363.33 | 365.09 | 366.85 |
| Woodie | 332.77 | 344.59 | 351.97 | 363.79 | 371.17 | 382.99 | 390.37 |
| Fibonacci | 345.32 | 352.66 | 357.19 | 364.52 | 371.86 | 376.39 | 383.72 |
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): | 50.99 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | -1.83 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 363.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 364.83 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 364.80 | |
| Zig ZAG (10): | 363.31 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 17.04 | |
| TEMA (21): | 363.78 | |
| Williams %R (14): | -81.33 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.30 |
| MA7: | 362.47 | |
| MA20: | 363.97 | |
| MA50: | 362.34 | |
| MA100: | 354.11 | |
| MAexp7: | 363.60 | |
| MAexp20: | 363.46 | |
| MAexp50: | 362.87 | |
| MAexp100: | 362.30 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | +0.33% | |
| Price / MA100: | +2.67% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.35% |
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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