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 04/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

17%

61%

My opinion

Bullish above 2.4007 HUF

My targets

2.4074 HUF (+0.0034)

2.4267 HUF (+0.0227)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/HUF. As long as you are above the support located at 2.4007 HUF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.4074 HUF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.4267 HUF as an objective. Crossing it would then enable buyers to target 2.4705 HUF. If the support 2.4007 HUF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

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 rating is 2.4040 HUF. The price is lower by -0.05% since the last closing and was traded between 2.3952 HUF and 2.4133 HUF over the period. The price is currently at +0.37% from its lowest and -0.39% from its highest.

2.3952

2.4133

2.4040

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this JPY/HUF chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 4 are bullish, 11 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.3790	2.3872	2.4007	2.4040	2.4074	2.4267	2.4705
Change (%)	-1.04%	-0.70%	-0.14%	-	+0.14%	+0.94%	+2.77%
Change	-0.0250	-0.0168	-0.0033	-	+0.0034	+0.0227	+0.0665
Level	Major	Intermediate	Intermediate	-	Minor	Major	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	2.3675	2.3773	2.3912	2.4010	2.4149	2.4247	2.4386
Camarilla	2.3987	2.4009	2.4030	2.4052	2.4074	2.4096	2.4117
Woodie	2.3697	2.3783	2.3934	2.4020	2.4171	2.4257	2.4408
Fibonacci	2.3773	2.3863	2.3919	2.4010	2.4100	2.4156	2.4247

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3005	2.3276	2.3679	2.3950	2.4353	2.4624	2.5027
Camarilla	2.3896	2.3957	2.4019	2.4081	2.4143	2.4205	2.4266
Woodie	2.3070	2.3309	2.3744	2.3983	2.4418	2.4657	2.5092
Fibonacci	2.3276	2.3534	2.3693	2.3950	2.4208	2.4367	2.4624

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2675	2.3237	2.3676	2.4238	2.4677	2.5239	2.5678
Camarilla	2.3840	2.3932	2.4023	2.4115	2.4207	2.4299	2.4390
Woodie	2.2614	2.3206	2.3615	2.4207	2.4616	2.5208	2.5617
Fibonacci	2.3237	2.3619	2.3856	2.4238	2.4620	2.4857	2.5239

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):	48.49
MACD (12,26,9):	0.0005
Directional Movement:	3.0837
AROON (14):	-7.1429
DEMA (21):	2.4059
Parabolic SAR (0,02-0,02-0,2):	2.4106
Elder Ray (13):	-0.0007
Super Trend (3,10):	2.3968
Zig ZAG (10):	2.4044
VORTEX (21):	0.9833
Stochastique (14,3,5):	54.33
TEMA (21):	2.4051
Williams %R (14):	-49.72
Chande Momentum Oscillator (20):	0.0053
Repulse (5,40,3):	-0.0689
ROCnROLL:	-1
TRIX (15,9):	0.0038
Courbe Coppock:	0.02

MA7:	2.3862
MA20:	2.3993
MA50:	2.4098
MA100:	2.4087
MAexp7:	2.4052
MAexp20:	2.4051
MAexp50:	2.4023
MAexp100:	2.3966
Price / MA7:	+0.75%
Price / MA20:	+0.20%
Price / MA50:	-0.24%
Price / MA100:	-0.20%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.05%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.31%

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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