Londinia Opportunities Analyses - 11/27/2024 (GMT) JPY/HUF - 1H

- HUF (-)

- Real time data - Forex

Type:	Forex
Ticker:	JPYHUF
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.5619 HUF

My targets

2.5934 HUF (+0.0213)

2.6315 HUF (+0.0594)

My analysis

The bullish trend is currently very strong on JPY/HUF. As long as the price remains above the support at 2.5619 HUF, you could try to benefit from the boom. The first bullish objective is located at 2.5934 HUF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.6315 HUF as an objective. Crossing it would then enable buyers to target 2.6581 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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Additional analysis

Quotes

The JPY/HUF price is 2.5721 HUF. The price has increased by +0.47% since the last closing and was between 2.5556 HUF and 2.5725 HUF. This implies that the price is at +0.65% from its lowest and at -0.02% from its highest.

2.5556

2.5725

2.5721

Here is a more detailed summary of the historical variations registered by JPY/HUF:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of JPY/HUF indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.5086	2.5265	2.5619	2.5721	2.5727	2.6581	2.8407
Change (%)	-2.47%	-1.77%	-0.40%	-	+0.02%	+3.34%	+10.44%
Change	-0.0635	-0.0456	-0.0102	-	+0.0006	+0.0860	+0.2686
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.5079	2.5191	2.5396	2.5508	2.5713	2.5825	2.6030
Camarilla	2.5515	2.5544	2.5573	2.5602	2.5631	2.5660	2.5689
Woodie	2.5127	2.5214	2.5444	2.5531	2.5761	2.5848	2.6078
Fibonacci	2.5191	2.5312	2.5387	2.5508	2.5629	2.5704	2.5825

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3998	2.4379	2.4966	2.5347	2.5934	2.6315	2.6902
Camarilla	2.5288	2.5377	2.5465	2.5554	2.5643	2.5732	2.5820
Woodie	2.4102	2.4431	2.5070	2.5399	2.6038	2.6367	2.7006
Fibonacci	2.4379	2.4748	2.4977	2.5347	2.5716	2.5945	2.6315

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3494	2.3910	2.4305	2.4721	2.5116	2.5532	2.5927
Camarilla	2.4477	2.4551	2.4626	2.4700	2.4774	2.4849	2.4923
Woodie	2.3484	2.3905	2.4295	2.4716	2.5106	2.5527	2.5917
Fibonacci	2.3910	2.4220	2.4411	2.4721	2.5031	2.5222	2.5532

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):	70.27
MACD (12,26,9):	0.0060
Directional Movement:	17.5907
AROON (14):	92.8571
DEMA (21):	2.5651
Parabolic SAR (0,02-0,02-0,2):	2.5514
Elder Ray (13):	0.0089
Super Trend (3,10):	2.5515
Zig ZAG (10):	2.5720
VORTEX (21):	1.1965
Stochastique (14,3,5):	93.38
TEMA (21):	2.5686
Williams %R (14):	-1.85
Chande Momentum Oscillator (20):	0.0200
Repulse (5,40,3):	0.3560
ROCnROLL:	1
TRIX (15,9):	0.0279
Courbe Coppock:	1.21

MA7:	2.5381
MA20:	2.4994
MA50:	2.4774
MA100:	2.4497
MAexp7:	2.5650
MAexp20:	2.5576
MAexp50:	2.5498
MAexp100:	2.5399
Price / MA7:	+1.34%
Price / MA20:	+2.91%
Price / MA50:	+3.82%
Price / MA100:	+5.00%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.57%
Price / MAexp50:	+0.87%
Price / MAexp100:	+1.27%

Quotes : - Real time data - Forex