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JPY/HUF
JPY HUF
- HUF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: JPYHUF
ISIN:

JPY/HUF - 1H - Technical analysis published on 04/16/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
17%
61%
My opinion
Bullish above 2.4007 HUF
My targets
2.4074 HUF (+0.0034)
2.4267 HUF (+0.0227)
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 above the support located at 2.4007 HUF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.4074 HUF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.4267 HUF as an objective. Crossing it would then enable buyers to target 2.4705 HUF. If the support 2.4007 HUF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The JPY/HUF rating is 2.4040 HUF. The price is lower by -0.05% since the last closing and was traded between 2.3952 HUF and 2.4133 HUF over the period. The price is currently at +0.37% from its lowest and -0.39% from its highest.

2.3952
2.4133
2.4040

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by JPY/HUF:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this JPY/HUF chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 4 are bullish, 11 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.3790 2.3872 2.4007 2.4040 2.4074 2.4267 2.4705
Change (%) -1.04% -0.70% -0.14% - +0.14% +0.94% +2.77%
Change -0.0250 -0.0168 -0.0033 - +0.0034 +0.0227 +0.0665
Level Major Intermediate Intermediate - Minor Major Intermediate



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
Standard2.36752.37732.39122.40102.41492.42472.4386
Camarilla2.39872.40092.40302.40522.40742.40962.4117
Woodie2.36972.37832.39342.40202.41712.42572.4408
Fibonacci2.37732.38632.39192.40102.41002.41562.4247


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.30052.32762.36792.39502.43532.46242.5027
Camarilla2.38962.39572.40192.40812.41432.42052.4266
Woodie2.30702.33092.37442.39832.44182.46572.5092
Fibonacci2.32762.35342.36932.39502.42082.43672.4624


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.26752.32372.36762.42382.46772.52392.5678
Camarilla2.38402.39322.40232.41152.42072.42992.4390
Woodie2.26142.32062.36152.42072.46162.52082.5617
Fibonacci2.32372.36192.38562.42382.46202.48572.5239

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): 48.49
MACD (12,26,9): 0.0005
Directional Movement: 3.0837
AROON (14): -7.1429
DEMA (21): 2.4059
Parabolic SAR (0,02-0,02-0,2): 2.4106
Elder Ray (13): -0.0007
Super Trend (3,10): 2.3968
Zig ZAG (10): 2.4044
VORTEX (21): 0.9833
Stochastique (14,3,5): 54.33
TEMA (21): 2.4051
Williams %R (14): -49.72
Chande Momentum Oscillator (20): 0.0053
Repulse (5,40,3): -0.0689
ROCnROLL: -1
TRIX (15,9): 0.0038
Courbe Coppock: 0.02
MA7: 2.3862
MA20: 2.3993
MA50: 2.4098
MA100: 2.4087
MAexp7: 2.4052
MAexp20: 2.4051
MAexp50: 2.4023
MAexp100: 2.3966
Price / MA7: +0.75%
Price / MA20: +0.20%
Price / MA50: -0.24%
Price / MA100: -0.20%
Price / MAexp7: -0.05%
Price / MAexp20: -0.05%
Price / MAexp50: +0.07%
Price / MAexp100: +0.31%

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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