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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 08/01/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2.4350 HUF
My targets
2.4741 HUF (+0.0191)
2.5200 HUF (+0.0650)
My analysis
JPY/HUF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.4350 HUF. The next resistance located at 2.4741 HUF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.5200 HUF. After this resistance, buyers could then target 2.6581 HUF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

JPY/HUF rating 2.4550 HUF. The price has increased by +1.00% since the last closing and was between 2.4259 HUF and 2.4578 HUF. This implies that the price is at +1.20% from its lowest and at -0.11% from its highest.

2.4259
2.4578
2.4550

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


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

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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.3895 2.4084 2.4350 2.4550 2.4741 2.6581 2.8407
Change (%) -2.67% -1.90% -0.81% - +0.78% +8.27% +15.71%
Change -0.0655 -0.0466 -0.0200 - +0.0191 +0.2031 +0.3857
Level Intermediate Minor Major - Major Intermediate Major



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
Standard2.31952.34622.38842.41512.45732.48402.5262
Camarilla2.41182.41812.42442.43072.43702.44332.4497
Woodie2.32742.35012.39632.41902.46522.48792.5341
Fibonacci2.34622.37252.38882.41512.44142.45772.4840


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.16152.21732.28102.33682.40052.45632.5200
Camarilla2.31182.32282.33382.34472.35572.36662.3776
Woodie2.16552.21932.28502.33882.40452.45832.5240
Fibonacci2.21732.26302.29122.33682.38252.41072.4563


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.09842.16922.30002.37082.50162.57242.7032
Camarilla2.37532.39372.41222.43072.44922.46772.4861
Woodie2.12832.18422.32992.38582.53152.58742.7331
Fibonacci2.16922.24622.29382.37082.44782.49542.5724

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): 65.57
MACD (12,26,9): 0.0084
Directional Movement: 16.9353
AROON (14): 21.4285
DEMA (21): 2.4515
Parabolic SAR (0,02-0,02-0,2): 2.4300
Elder Ray (13): 0.0097
Super Trend (3,10): 2.4265
Zig ZAG (10): 2.4548
VORTEX (21): 1.1258
Stochastique (14,3,5): 84.12
TEMA (21): 2.4501
Williams %R (14): -10.34
Chande Momentum Oscillator (20): 0.0193
Repulse (5,40,3): 0.2574
ROCnROLL: 1
TRIX (15,9): 0.0471
Courbe Coppock: 1.03
MA7: 2.3852
MA20: 2.3138
MA50: 2.3078
MA100: 2.3354
MAexp7: 2.4480
MAexp20: 2.4401
MAexp50: 2.4215
MAexp100: 2.3976
Price / MA7: +2.93%
Price / MA20: +6.10%
Price / MA50: +6.38%
Price / MA100: +5.12%
Price / MAexp7: +0.29%
Price / MAexp20: +0.61%
Price / MAexp50: +1.38%
Price / MAexp100: +2.39%

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
Londinia AI

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