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 10/17/2024 (GMT)

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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
0
10
7

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:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Records

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:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard2.45032.45482.46302.46752.47572.48022.4884
Camarilla2.46772.46892.47002.47122.47242.47352.4747
Woodie2.45222.45572.46492.46842.47762.48112.4903
Fibonacci2.45482.45972.46272.46752.47242.47542.4802


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.39262.41512.43842.46092.48422.50672.5300
Camarilla2.44912.45332.45752.46172.46592.47012.4743
Woodie2.39302.41532.43882.46112.48462.50692.5304
Fibonacci2.41512.43262.44342.46092.47842.48922.5067


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.26422.33642.40892.48112.55362.62582.6983
Camarilla2.44172.45502.46822.48152.49482.50802.5213
Woodie2.26452.33652.40922.48122.55392.62592.6986
Fibonacci2.33642.39162.42582.48112.53632.57052.6258

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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