USD/HUF - 1H - Technical analysis published on 09/27/2024 (GMT)
- 74
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
33%
33%
33%
My opinion
Neutral between 353.50 HUF and 354.95 HUF
My targets
-
My analysis
The short-term decline on USD/HUF remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 353.50 HUF. The first resistance is located at 354.95 HUF. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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
The USD/HUF price is 354.42 HUF. On the day, this instrument gained +0.04% and was traded between 354.08 HUF and 356.75 HUF over the period. The price is currently at +0.10% from its lowest and -0.65% from its highest.354.08
356.75
354.42
A study of price movements over other periods shows the following variations:
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 an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 352.40 | 353.50 | 354.19 | 354.42 | 354.95 | 355.87 | 356.44 |
| Change (%) | -0.57% | -0.26% | -0.06% | - | +0.15% | +0.41% | +0.57% |
| Change | -2.02 | -0.92 | -0.23 | - | +0.53 | +1.45 | +2.02 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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): | 49.76 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 11.82 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 355.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 354.60 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 354.53 | |
| Zig ZAG (10): | 354.84 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 40.36 | |
| TEMA (21): | 355.45 | |
| Williams %R (14): | -75.10 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.53 |
| MA7: | 353.92 | |
| MA20: | 355.50 | |
| MA50: | 357.66 | |
| MA100: | 359.98 | |
| MAexp7: | 355.28 | |
| MAexp20: | 355.11 | |
| MAexp50: | 354.74 | |
| MAexp100: | 354.45 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -0.91% | |
| Price / MA100: | -1.54% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.01% |
Quotes :
-
Real time data
-
Forex
News
The last news published on USD/HUF at the time of the generation of this analysis was as follows:
USD/HUF Forecast July 17, 2024This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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