JPY/HUF

- HUF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYHUF
ISIN:

JPY/HUF - Daily - Technical analysis published on 09/07/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

83%

17%

My opinion

Bullish above 2.4473 HUF

My targets

2.4985 HUF (+0.0201)

2.5711 HUF (+0.0927)

My analysis

The current short-term bullish acceleration on JPY/HUF should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 2.4473 HUF. Short-term buyers will use the resistance located at 2.4985 HUF as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 2.5711 HUF. Crossing this resistance would then open the door for buyers to target 2.6604 HUF. Caution, if there is a return to under 2.4473 HUF, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.5

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 JPY/HUF price is 2.4784 HUF. The price has increased by +0.83% since the last closing and was traded between 2.4565 HUF and 2.4792 HUF over the period. The price is currently at +0.89% from its lowest and -0.03% from its highest.

2.4565

2.4792

2.4784

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this JPY/HUF chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.3491	2.3939	2.4473	2.4784	2.4985	2.5711	2.6604
Change (%)	-5.22%	-3.41%	-1.25%	-	+0.81%	+3.74%	+7.34%
Change	-0.1293	-0.0845	-0.0311	-	+0.0201	+0.0927	+0.1820
Level	Major	Major	Intermediate	-	Minor	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	2.4142	2.4293	2.4437	2.4588	2.4732	2.4883	2.5027
Camarilla	2.4500	2.4527	2.4554	2.4581	2.4608	2.4635	2.4662
Woodie	2.4139	2.4291	2.4434	2.4586	2.4729	2.4881	2.5024
Fibonacci	2.4293	2.4406	2.4475	2.4588	2.4701	2.4770	2.4883

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3244	2.3483	2.3930	2.4169	2.4616	2.4855	2.5302
Camarilla	2.4187	2.4250	2.4313	2.4376	2.4439	2.4502	2.4565
Woodie	2.3347	2.3535	2.4033	2.4221	2.4719	2.4907	2.5405
Fibonacci	2.3483	2.3745	2.3907	2.4169	2.4431	2.4593	2.4855

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1866	2.2794	2.3480	2.4408	2.5094	2.6022	2.6708
Camarilla	2.3721	2.3869	2.4017	2.4165	2.4313	2.4461	2.4609
Woodie	2.1744	2.2734	2.3358	2.4348	2.4972	2.5962	2.6586
Fibonacci	2.2794	2.3411	2.3792	2.4408	2.5025	2.5406	2.6022

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):	59.00
MACD (12,26,9):	0.0021
Directional Movement:	8.1886
AROON (14):	42.8571
DEMA (21):	2.4354
Parabolic SAR (0,02-0,02-0,2):	2.3887
Elder Ray (13):	0.0314
Super Trend (3,10):	2.4792
Zig ZAG (10):	2.4768
VORTEX (21):	1.0019
Stochastique (14,3,5):	92.46
TEMA (21):	2.4396
Williams %R (14):	-1.12
Chande Momentum Oscillator (20):	0.0558
Repulse (5,40,3):	1.9651
ROCnROLL:	1
TRIX (15,9):	-0.0283
Courbe Coppock:	0.89

MA7:	2.4338
MA20:	2.4263
MA50:	2.4362
MA100:	2.4529
MAexp7:	2.4449
MAexp20:	2.4351
MAexp50:	2.4408
MAexp100:	2.4781
Price / MA7:	+1.83%
Price / MA20:	+2.15%
Price / MA50:	+1.73%
Price / MA100:	+1.04%
Price / MAexp7:	+1.37%
Price / MAexp20:	+1.78%
Price / MAexp50:	+1.54%
Price / MAexp100:	+0.01%

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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