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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 01/30/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2.7543 HUF
My targets
2.7877 HUF (+0.0139)
2.8152 HUF (+0.0414)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/HUF as long as the price remains well above 2.7543 HUF. The buyers' bullish objective is set at 2.7877 HUF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.8152 HUF. If there is any crossing, the next objective would be the resistance located at 2.8758 HUF.

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
0
10
6.6

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.

Londinia
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 price is 2.7738 HUF. On the day, this instrument gained +0.29% with the lowest point at 2.7611 HUF and the highest point at 2.7837 HUF. The deviation from the price is +0.46% for the low point and -0.36% for the high point.

2.7611
2.7837
2.7738

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



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:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

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 bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.7305 2.7543 2.7715 2.7738 2.7877 2.8152 2.8758
Change (%) -1.56% -0.70% -0.08% - +0.50% +1.49% +3.68%
Change -0.0433 -0.0195 -0.0023 - +0.0139 +0.0414 +0.1020
Level Major Minor Intermediate - Major Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.70552.72052.74312.75812.78072.79572.8183
Camarilla2.75542.75882.76232.76572.76922.77262.7760
Woodie2.70932.72242.74692.76002.78452.79762.8221
Fibonacci2.72052.73492.74372.75812.77252.78132.7957


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.63502.68102.72332.76932.81162.85762.8999
Camarilla2.74142.74952.75762.76572.77382.78192.7900
Woodie2.63332.68012.72162.76842.80992.85672.8982
Fibonacci2.68102.71472.73552.76932.80302.82382.8576


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.61032.68762.76732.84462.92433.00163.0813
Camarilla2.80382.81822.83262.84702.86142.87582.8902
Woodie2.61152.68822.76852.84522.92553.00223.0825
Fibonacci2.68762.74762.78462.84462.90462.94163.0016

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): 61.38
MACD (12,26,9): 0.0053
Directional Movement: 12.1530
AROON (14): 50.0000
DEMA (21): 2.7676
Parabolic SAR (0,02-0,02-0,2): 2.7611
Elder Ray (13): 0.0044
Super Trend (3,10): 2.7474
Zig ZAG (10): 2.7683
VORTEX (21): 1.1227
Stochastique (14,3,5): 69.13
TEMA (21): 2.7699
Williams %R (14): -18.37
Chande Momentum Oscillator (20): 0.0117
Repulse (5,40,3): 0.2033
ROCnROLL: 1
TRIX (15,9): 0.0279
Courbe Coppock: 0.86
MA7: 2.7637
MA20: 2.8113
MA50: 2.8324
MA100: 2.8449
MAexp7: 2.7661
MAexp20: 2.7607
MAexp50: 2.7551
MAexp100: 2.7612
Price / MA7: +0.37%
Price / MA20: -1.33%
Price / MA50: -2.07%
Price / MA100: -2.50%
Price / MAexp7: +0.28%
Price / MAexp20: +0.47%
Price / MAexp50: +0.68%
Price / MAexp100: +0.46%

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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