JPY/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	JPYHUF
ISIN:

JPY/HUF - 1H - Technical analysis published on 12/20/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 2.4479 HUF

My targets

2.4334 HUF (-0.0051)

2.4173 HUF (-0.0212)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/HUF. As long as you are under the resistance located at 2.4479 HUF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.4334 HUF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.4173 HUF as an objective. Crossing it would then enable sellers to target 2.3482 HUF. If the resistance 2.4479 HUF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish 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

0.7

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

JPY/HUF rating 2.4385 HUF. On the day, this instrument gained +0.20% and was between 2.4324 HUF and 2.4393 HUF. This implies that the price is at +0.25% from its lowest and at -0.03% from its highest.

2.4324

2.4393

2.4385

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of JPY/HUF in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.3482	2.4173	2.4334	2.4385	2.4479	2.4574	2.4752
Change (%)	-3.70%	-0.87%	-0.21%	-	+0.39%	+0.78%	+1.51%
Change	-0.0903	-0.0212	-0.0051	-	+0.0094	+0.0189	+0.0367
Level	Major	Intermediate	Minor	-	Intermediate	Major	Intermediate

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	2.3494	2.3829	2.4082	2.4417	2.4670	2.5005	2.5258
Camarilla	2.4174	2.4228	2.4282	2.4336	2.4390	2.4444	2.4498
Woodie	2.3454	2.3809	2.4042	2.4397	2.4630	2.4985	2.5218
Fibonacci	2.3829	2.4053	2.4192	2.4417	2.4641	2.4780	2.5005

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3658	2.3910	2.4309	2.4561	2.4960	2.5212	2.5611
Camarilla	2.4528	2.4588	2.4647	2.4707	2.4767	2.4826	2.4886
Woodie	2.3731	2.3947	2.4382	2.4598	2.5033	2.5249	2.5684
Fibonacci	2.3910	2.4159	2.4313	2.4561	2.4810	2.4964	2.5212

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1656	2.2267	2.2930	2.3541	2.4204	2.4815	2.5478
Camarilla	2.3244	2.3360	2.3477	2.3594	2.3711	2.3828	2.3944
Woodie	2.1683	2.2280	2.2957	2.3554	2.4231	2.4828	2.5505
Fibonacci	2.2267	2.2753	2.3054	2.3541	2.4027	2.4328	2.4815

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):	47.26
MACD (12,26,9):	-0.0039
Directional Movement:	2.9498
AROON (14):	21.4286
DEMA (21):	2.4308
Parabolic SAR (0,02-0,02-0,2):	2.4239
Elder Ray (13):	0.0022
Super Trend (3,10):	2.4450
Zig ZAG (10):	2.4379
VORTEX (21):	0.9112
Stochastique (14,3,5):	83.61
TEMA (21):	2.4319
Williams %R (14):	-10.08
Chande Momentum Oscillator (20):	0.0167
Repulse (5,40,3):	0.1329
ROCnROLL:	-1
TRIX (15,9):	-0.0372
Courbe Coppock:	0.60

MA7:	2.4448
MA20:	2.4005
MA50:	2.3886
MA100:	2.4181
MAexp7:	2.4355
MAexp20:	2.4370
MAexp50:	2.4445
MAexp100:	2.4459
Price / MA7:	-0.26%
Price / MA20:	+1.58%
Price / MA50:	+2.09%
Price / MA100:	+0.84%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.07%
Price / MAexp50:	-0.24%
Price / MAexp100:	-0.30%

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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Londinia AI

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