USD/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDHUF
ISIN:

USD/HUF - 1H - Technical analysis published on 09/27/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 354.95 HUF

My targets

358.74 HUF (+2.61)

360.20 HUF (+4.07)

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 354.95 HUF. The buyers' bullish objective is set at 358.74 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 360.20 HUF. If there is any crossing, the next objective would be the resistance located at 367.95 HUF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 chookich. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/HUF rating 356.13 HUF. The price has increased by +0.52% since the last closing and was between 354.14 HUF and 356.75 HUF. This implies that the price is at +0.56% from its lowest and at -0.17% from its highest.

354.14

356.75

356.13

Here is a more detailed summary of the historical variations registered by USD/HUF:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of USD/HUF in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	354.19	354.95	355.87	356.13	356.44	360.20	367.95
Change (%)	-0.54%	-0.33%	-0.07%	-	+0.09%	+1.14%	+3.32%
Change	-1.94	-1.18	-0.26	-	+0.31	+4.07	+11.82
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	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	351.07	352.53	353.40	354.86	355.73	357.19	358.06
Camarilla	353.64	353.85	354.07	354.28	354.49	354.71	354.92
Woodie	350.79	352.38	353.12	354.71	355.45	357.04	357.78
Fibonacci	352.53	353.42	353.97	354.86	355.75	356.30	357.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	345.07	348.34	350.27	353.54	355.47	358.74	360.67
Camarilla	350.76	351.24	351.71	352.19	352.67	353.14	353.62
Woodie	344.39	348.01	349.59	353.21	354.79	358.41	359.99
Fibonacci	348.34	350.33	351.56	353.54	355.53	356.76	358.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	331.96	341.58	348.66	358.28	365.36	374.98	382.06
Camarilla	351.15	352.68	354.21	355.74	357.27	358.80	360.33
Woodie	330.69	340.95	347.39	357.65	364.09	374.35	380.79
Fibonacci	341.58	347.96	351.90	358.28	364.66	368.60	374.98

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):	67.97
MACD (12,26,9):	0.3500
Directional Movement:	25.68
AROON (14):	50.00
DEMA (21):	355.49
Parabolic SAR (0,02-0,02-0,2):	354.32
Elder Ray (13):	0.87
Super Trend (3,10):	354.53
Zig ZAG (10):	356.26
VORTEX (21):	1.1200
Stochastique (14,3,5):	79.95
TEMA (21):	355.73
Williams %R (14):	-14.18
Chande Momentum Oscillator (20):	1.79
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.55

MA7:	354.15
MA20:	355.56
MA50:	357.68
MA100:	359.99
MAexp7:	355.65
MAexp20:	355.10
MAexp50:	354.68
MAexp100:	354.41
Price / MA7:	+0.56%
Price / MA20:	+0.16%
Price / MA50:	-0.43%
Price / MA100:	-1.07%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.49%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on USD/HUF. At the time of publication of this analysis, the latest news was as follows:

USD/HUF Forecast July 17, 2024

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

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