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 10/17/2024 (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

39%

11%

50%

My opinion

Bullish above 2.4593 HUF

My targets

2.4741 HUF (+0.0031)

2.4834 HUF (+0.0124)

My analysis

The bullish trend is currently very strong on JPY/HUF. As long as the price remains above the support at 2.4593 HUF, you could try to benefit from the boom. The first bullish objective is located at 2.4741 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.4834 HUF as an objective. Crossing it would then enable buyers to target 2.5326 HUF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

The JPY/HUF rating is 2.4710 HUF. On the day, this instrument lost -0.01% and was traded between 2.4679 HUF and 2.4762 HUF over the period. The price is currently at +0.13% from its lowest and -0.21% from its highest.

2.4679

2.4762

2.4710

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

A technical analysis in 1H of this JPY/HUF chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back over -50

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 resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.4490	2.4593	2.4691	2.4710	2.4741	2.4834	2.5326
Change (%)	-0.89%	-0.47%	-0.08%	-	+0.13%	+0.50%	+2.49%
Change	-0.0220	-0.0117	-0.0019	-	+0.0031	+0.0124	+0.0616
Level	Minor	Intermediate	Minor	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4503	2.4548	2.4630	2.4675	2.4757	2.4802	2.4884
Camarilla	2.4677	2.4689	2.4700	2.4712	2.4724	2.4735	2.4747
Woodie	2.4522	2.4557	2.4649	2.4684	2.4776	2.4811	2.4903
Fibonacci	2.4548	2.4597	2.4627	2.4675	2.4724	2.4754	2.4802

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3926	2.4151	2.4384	2.4609	2.4842	2.5067	2.5300
Camarilla	2.4491	2.4533	2.4575	2.4617	2.4659	2.4701	2.4743
Woodie	2.3930	2.4153	2.4388	2.4611	2.4846	2.5069	2.5304
Fibonacci	2.4151	2.4326	2.4434	2.4609	2.4784	2.4892	2.5067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2642	2.3364	2.4089	2.4811	2.5536	2.6258	2.6983
Camarilla	2.4417	2.4550	2.4682	2.4815	2.4948	2.5080	2.5213
Woodie	2.2645	2.3365	2.4092	2.4812	2.5539	2.6259	2.6986
Fibonacci	2.3364	2.3916	2.4258	2.4811	2.5363	2.5705	2.6258

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):	59.13
MACD (12,26,9):	0.0018
Directional Movement:	4.7359
AROON (14):	35.7143
DEMA (21):	2.4723
Parabolic SAR (0,02-0,02-0,2):	2.4757
Elder Ray (13):	-0.0005
Super Trend (3,10):	2.4630
Zig ZAG (10):	2.4723
VORTEX (21):	1.0370
Stochastique (14,3,5):	50.94
TEMA (21):	2.4724
Williams %R (14):	-38.68
Chande Momentum Oscillator (20):	0.0048
Repulse (5,40,3):	0.0715
ROCnROLL:	1
TRIX (15,9):	0.0118
Courbe Coppock:	0.27

MA7:	2.4627
MA20:	2.4673
MA50:	2.4646
MA100:	2.3972
MAexp7:	2.4712
MAexp20:	2.4698
MAexp50:	2.4665
MAexp100:	2.4641
Price / MA7:	+0.34%
Price / MA20:	+0.15%
Price / MA50:	+0.26%
Price / MA100:	+3.08%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.18%
Price / MAexp100:	+0.28%

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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