Free Hungarian forint With Japanese yen (HUFJPY(Forex)) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
07 Nov / Daily
Category/Currency
Forex/JPY
Exchange/Country
FX/--

Hungarian forint With Japanese yen (HUFJPY(Forex)) signal with technical analysis on 07 Nov

On 07 Nov, we conducted a comprehensive technical analysis of Hungarian forint With Japanese yen (HUFJPY(Forex)), considering 256 signals with intricate details. Here are the key findings: 7 signals suggested buy strategies, while 133 indicated sell strategies. The remaining 116 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 1
Sell Signals: 34
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 1
Sell Signals: 34
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 2
Sell Signals: 34
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 3
Sell Signals: 31
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 7
Sell Signals: 133
Neutral Signals: 116
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Hungarian forint With Japanese yen (HUFJPY(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Hungarian forint With Japanese yen (HUFJPY(Forex)) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Hungarian forint With Japanese yen (HUFJPY(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Hungarian forint With Japanese yen (HUFJPY(Forex)) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 3.29% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Hungarian forint With Japanese yen (HUFJPY(Forex))** holdings.

Hungarian forint With Japanese yen (HUFJPY(Forex)) Price Analysis and Support Levels:

In our current Hungarian forint With Japanese yen (HUFJPY(Forex)) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 0.395 We are closely monitoring the price at the first support level of 0.395, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 0.39 If the first support level at 0.395 is broken, the second support level at 0.39 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 0.345 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 0.345 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Hungarian forint With Japanese yen (HUFJPY(Forex)). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Hungarian forint With Japanese yen (HUFJPY(Forex)) technical analysis chart

Hungarian forint With Japanese yen (HUFJPY(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.419 0.437 0.446 0.446 --
Support 0.395 0.39 0.345 0.34 --
 Hungarian forint With Japanese yen (HUFJPY(Forex)) Support and Resistance area (07 Nov)

Hungarian forint With Japanese yen (HUFJPY(Forex)) signals list for 07 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Hungarian forint With Japanese yen (HUFJPY(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 06 Nov Hold HoldHoldHoldHold
2 05 Nov Sell HoldHoldHoldSell
3 04 Nov Hold HoldHoldHoldNeutral
4 03 Nov Hold HoldHoldHoldNeutral
5 01 Nov Sell HoldHoldSellHold
6 31 Oct Sell HoldSellNeutralSell
7 30 Oct Sell SellHoldHoldHold
8 29 Oct Hold HoldHoldHoldHold
9 28 Oct Hold HoldHoldHoldHold
10 27 Oct Buy BuyBuyHoldHold
11 25 Oct Hold NeutralNeutralHoldHold
12 24 Oct Hold HoldHoldHoldHold
13 23 Oct Hold HoldHoldHoldHold
14 22 Oct Buy BuyBuyBuyHold
15 21 Oct Buy NeutralSellNeutralBuy
16 20 Oct Hold NeutralNeutralNeutralNeutral
17 18 Oct Sell HoldSellSellNeutral
18 17 Oct Buy HoldNeutralBuyBuy
19 16 Oct Sell HoldHoldSellNeutral
20 15 Oct Sell SellSellNeutralNeutral
21 14 Oct Buy BuyHoldBuyNeutral
22 13 Oct Neutral NeutralBuyNeutralHold
23 11 Oct Buy NeutralNeutralBuyBuy
24 10 Oct Hold NeutralNeutralNeutralNeutral
25 09 Oct Hold HoldBuyHoldHold
26 08 Oct Buy BuyNeutralBuyHold
27 07 Oct Neutral NeutralNeutralNeutralHold
28 06 Oct Hold HoldNeutralNeutralHold
29 04 Oct Buy BuyBuyBuyBuy
30 03 Oct Hold NeutralSellNeutralNeutral

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