JPY/HUF

- HUF (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	JPYHUF
ISIN:

JPY/HUF - 1H - Technical analysis published on 09/09/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

44%

My opinion

Bullish above 2.4741 HUF

My targets

2.5046 HUF (+0.0101)

2.5164 HUF (+0.0219)

My analysis

The basic bullish trend is very strong on JPY/HUF but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.4741 HUF. Crossing the first resistance at 2.5046 HUF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.5164 HUF as an objective. Crossing it would then enable buyers to target 2.6581 HUF. Caution, a return to below 2.4741 HUF would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

5.4

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 2.4945 HUF. The price registered a decrease of -0.02% on the session and was traded between 2.4846 HUF and 2.5037 HUF over the period. The price is currently at +0.40% from its lowest and -0.37% from its highest.

2.4846

2.5037

2.4945

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of JPY/HUF in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

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	2.4346	2.4555	2.4741	2.4945	2.5046	2.5164	2.6581
Change (%)	-2.40%	-1.56%	-0.82%	-	+0.40%	+0.88%	+6.56%
Change	-0.0599	-0.0390	-0.0204	-	+0.0101	+0.0219	+0.1636
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4352	2.4510	2.4730	2.4888	2.5108	2.5266	2.5486
Camarilla	2.4846	2.4881	2.4915	2.4950	2.4985	2.5019	2.5054
Woodie	2.4383	2.4526	2.4761	2.4904	2.5139	2.5282	2.5517
Fibonacci	2.4510	2.4654	2.4744	2.4888	2.5032	2.5122	2.5266

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3380	2.3733	2.4341	2.4694	2.5302	2.5655	2.6263
Camarilla	2.4686	2.4774	2.4862	2.4950	2.5038	2.5126	2.5214
Woodie	2.3509	2.3797	2.4470	2.4758	2.5431	2.5719	2.6392
Fibonacci	2.3733	2.4100	2.4327	2.4694	2.5061	2.5288	2.5655

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1864	2.2957	2.3647	2.4740	2.5430	2.6523	2.7213
Camarilla	2.3847	2.4010	2.4174	2.4337	2.4500	2.4664	2.4827
Woodie	2.1663	2.2856	2.3446	2.4639	2.5229	2.6422	2.7012
Fibonacci	2.2957	2.3638	2.4059	2.4740	2.5421	2.5842	2.6523

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):	54.28
MACD (12,26,9):	0.0018
Directional Movement:	1.2229
AROON (14):	-42.8572
DEMA (21):	2.4939
Parabolic SAR (0,02-0,02-0,2):	2.4993
Elder Ray (13):	-0.0010
Super Trend (3,10):	2.4791
Zig ZAG (10):	2.4920
VORTEX (21):	1.0420
Stochastique (14,3,5):	33.86
TEMA (21):	2.4915
Williams %R (14):	-59.16
Chande Momentum Oscillator (20):	-0.0079
Repulse (5,40,3):	0.1138
ROCnROLL:	1
TRIX (15,9):	0.0171
Courbe Coppock:	0.51

MA7:	2.4621
MA20:	2.4434
MA50:	2.3858
MA100:	2.3495
MAexp7:	2.4913
MAexp20:	2.4908
MAexp50:	2.4836
MAexp100:	2.4723
Price / MA7:	+1.32%
Price / MA20:	+2.09%
Price / MA50:	+4.56%
Price / MA100:	+6.17%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.44%
Price / MAexp100:	+0.90%

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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