JPY/HUF

- HUF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYHUF
ISIN:

JPY/HUF - Daily - Technical analysis published on 06/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

78%

17%

My opinion

Bearish under 2.4453 HUF

My targets

2.3497 HUF (-0.0244)

2.2575 HUF (-0.1166)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JPY/HUF as long as the price remains well below 2.4453 HUF. The sellers' bearish objective is set at 2.3497 HUF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.2575 HUF. In case of crossing, the next objective would be the support located at 2.0477 HUF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

8.4

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

The JPY/HUF price is 2.3741 HUF. The price has increased by +0.00% since the last closing and was traded between 2.3713 HUF and 2.3766 HUF over the period. The price is currently at +0.12% from its lowest and -0.11% from its highest.

2.3713

2.3766

2.3741

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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

Technical analysis of this Daily chart of JPY/HUF indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Near support of channel

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7091	2.0477	2.2575	2.3741	2.4985	2.5875	2.6604
Change (%)	-28.01%	-13.75%	-4.91%	-	+5.24%	+8.99%	+12.06%
Change	-0.6650	-0.3264	-0.1166	-	+0.1244	+0.2134	+0.2863
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Intermediate

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
Standard	2.3156	2.3421	2.3581	2.3846	2.4006	2.4271	2.4431
Camarilla	2.3625	2.3664	2.3703	2.3742	2.3781	2.3820	2.3859
Woodie	2.3105	2.3395	2.3530	2.3820	2.3955	2.4245	2.4380
Fibonacci	2.3421	2.3583	2.3683	2.3846	2.4008	2.4108	2.4271

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3213	2.3636	2.3857	2.4280	2.4501	2.4924	2.5145
Camarilla	2.3900	2.3959	2.4018	2.4077	2.4136	2.4195	2.4254
Woodie	2.3111	2.3586	2.3755	2.4230	2.4399	2.4874	2.5043
Fibonacci	2.3636	2.3882	2.4034	2.4280	2.4526	2.4678	2.4924

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3497	2.3993	2.4453	2.4949	2.5409	2.5905	2.6365
Camarilla	2.4649	2.4737	2.4824	2.4912	2.5000	2.5087	2.5175
Woodie	2.3478	2.3984	2.4434	2.4940	2.5390	2.5896	2.6346
Fibonacci	2.3993	2.4359	2.4584	2.4949	2.5315	2.5540	2.5905

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	24.66
MACD (12,26,9):	-0.0308
Directional Movement:	-21.6166
AROON (14):	-92.8571
DEMA (21):	2.4018
Parabolic SAR (0,02-0,02-0,2):	2.4392
Elder Ray (13):	-0.0500
Super Trend (3,10):	2.4436
Zig ZAG (10):	2.3736
VORTEX (21):	0.7572
Stochastique (14,3,5):	5.27
TEMA (21):	2.3936
Williams %R (14):	-95.45
Chande Momentum Oscillator (20):	-0.0958
Repulse (5,40,3):	-1.9937
ROCnROLL:	2
TRIX (15,9):	-0.1342
Courbe Coppock:	5.53

MA7:	2.4079
MA20:	2.4469
MA50:	2.4888
MA100:	2.5808
MAexp7:	2.4038
MAexp20:	2.4402
MAexp50:	2.4945
MAexp100:	2.5698
Price / MA7:	-1.40%
Price / MA20:	-2.98%
Price / MA50:	-4.61%
Price / MA100:	-8.01%
Price / MAexp7:	-1.24%
Price / MAexp20:	-2.71%
Price / MAexp50:	-4.83%
Price / MAexp100:	-7.62%

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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