JPY/HUF

- HUF (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	JPYHUF
ISIN:

JPY/HUF - 1H - Technical analysis published on 02/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 2.4077 HUF

My targets

2.4270 HUF (+0.0088)

2.4475 HUF (+0.0293)

My analysis

JPY/HUF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2.4077 HUF, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2.4270 HUF. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2.4475 HUF would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2.4698 HUF. Beware of a possible return to under the support located at 2.4077 HUF which would be the sign of a correction of the bullish excesses registered in the short term.

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

5.9

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 2.4182 HUF. On the day, this instrument gained +0.78% and was traded between 2.3963 HUF and 2.4207 HUF over the period. The price is currently at +0.91% from its lowest and -0.10% from its highest.

2.3963

2.4207

2.4182

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

Bearish opening

Type : Bearish

Timeframe : Openning

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 LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

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 JPY/HUF in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

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:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.4019	2.4077	2.4165	2.4182	2.4270	2.4475	2.4698
Change (%)	-0.67%	-0.43%	-0.07%	-	+0.36%	+1.21%	+2.13%
Change	-0.0163	-0.0105	-0.0017	-	+0.0088	+0.0293	+0.0516
Level	Minor	Minor	Major	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3784	2.3859	2.3927	2.4002	2.4070	2.4145	2.4213
Camarilla	2.3956	2.3969	2.3982	2.3995	2.4008	2.4021	2.4034
Woodie	2.3781	2.3857	2.3924	2.4000	2.4067	2.4143	2.4210
Fibonacci	2.3859	2.3914	2.3947	2.4002	2.4057	2.4090	2.4145

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3253	2.3594	2.3794	2.4135	2.4335	2.4676	2.4876
Camarilla	2.3846	2.3896	2.3945	2.3995	2.4045	2.4094	2.4144
Woodie	2.3184	2.3559	2.3725	2.4100	2.4266	2.4641	2.4807
Fibonacci	2.3594	2.3800	2.3928	2.4135	2.4341	2.4469	2.4676

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2480	2.3015	2.3587	2.4122	2.4694	2.5229	2.5801
Camarilla	2.3856	2.3957	2.4059	2.4160	2.4262	2.4363	2.4464
Woodie	2.2500	2.3024	2.3607	2.4131	2.4714	2.5238	2.5821
Fibonacci	2.3015	2.3438	2.3699	2.4122	2.4545	2.4806	2.5229

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):	71.79
MACD (12,26,9):	0.0024
Directional Movement:	14.0248
AROON (14):	92.8571
DEMA (21):	2.4083
Parabolic SAR (0,02-0,02-0,2):	2.4024
Elder Ray (13):	0.0069
Super Trend (3,10):	2.4003
Zig ZAG (10):	2.4162
VORTEX (21):	1.1550
Stochastique (14,3,5):	90.44
TEMA (21):	2.4121
Williams %R (14):	-1.89
Chande Momentum Oscillator (20):	0.0146
Repulse (5,40,3):	0.4529
ROCnROLL:	1
TRIX (15,9):	0.0042
Courbe Coppock:	0.88

MA7:	2.4146
MA20:	2.3938
MA50:	2.4054
MA100:	2.4084
MAexp7:	2.4112
MAexp20:	2.4059
MAexp50:	2.4062
MAexp100:	2.4089
Price / MA7:	+0.15%
Price / MA20:	+1.02%
Price / MA50:	+0.53%
Price / MA100:	+0.41%
Price / MAexp7:	+0.29%
Price / MAexp20:	+0.51%
Price / MAexp50:	+0.50%
Price / MAexp100:	+0.39%

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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