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)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

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

8.4

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 2.4550 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.

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:

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:

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:

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:

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:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	2.3195	2.3462	2.3884	2.4151	2.4573	2.4840	2.5262
Camarilla	2.4118	2.4181	2.4244	2.4307	2.4370	2.4433	2.4497
Woodie	2.3274	2.3501	2.3963	2.4190	2.4652	2.4879	2.5341
Fibonacci	2.3462	2.3725	2.3888	2.4151	2.4414	2.4577	2.4840

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1615	2.2173	2.2810	2.3368	2.4005	2.4563	2.5200
Camarilla	2.3118	2.3228	2.3338	2.3447	2.3557	2.3666	2.3776
Woodie	2.1655	2.2193	2.2850	2.3388	2.4045	2.4583	2.5240
Fibonacci	2.2173	2.2630	2.2912	2.3368	2.3825	2.4107	2.4563

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0984	2.1692	2.3000	2.3708	2.5016	2.5724	2.7032
Camarilla	2.3753	2.3937	2.4122	2.4307	2.4492	2.4677	2.4861
Woodie	2.1283	2.1842	2.3299	2.3858	2.5315	2.5874	2.7331
Fibonacci	2.1692	2.2462	2.2938	2.3708	2.4478	2.4954	2.5724

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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