Looks like EURHUF is not reacting to anything. When general sentiment is bearish, HUF is not really weakening, when things go all bullish, it can not strengthen either.
Daily: small up and down moves above Kijun Sen. Ichimoku setup is still bullish, but for last two weeks it seems EURHUF struggles to break above 315. MACD has been bearish for a while, SLow Stoch not giving any signals really. DMI lines converging, ADX is dropping. Maybe odds are a bit higher than 50:50 for the pair to finally move lower to 308,50-310 supports. But do not forget anbout the fundamental fck ups Hungary's policy makers have done so far. Around 308 I think we'll have to look for buy opportunities again, staying with the long term bullish trend.
4 Hrs: Consolidation below Kumo top, with clear refusals ard 314,60. Low ADX shows too there's no trend at moment on this lower time frame.
Weekly: Bullish trend with first support at 309, and strong support ard 305. However from the reversal weekly candle printed 2,5 weeks ago, a pull back to lower levels in this trend is not impossible. Chikou Span also hits Price candles, which gives indication either for a pull back, or for some sideaway moves on the weekly time frame.
Daily: small up and down moves above Kijun Sen. Ichimoku setup is still bullish, but for last two weeks it seems EURHUF struggles to break above 315. MACD has been bearish for a while, SLow Stoch not giving any signals really. DMI lines converging, ADX is dropping. Maybe odds are a bit higher than 50:50 for the pair to finally move lower to 308,50-310 supports. But do not forget anbout the fundamental fck ups Hungary's policy makers have done so far. Around 308 I think we'll have to look for buy opportunities again, staying with the long term bullish trend.
4 Hrs: Consolidation below Kumo top, with clear refusals ard 314,60. Low ADX shows too there's no trend at moment on this lower time frame.
Weekly: Bullish trend with first support at 309, and strong support ard 305. However from the reversal weekly candle printed 2,5 weeks ago, a pull back to lower levels in this trend is not impossible. Chikou Span also hits Price candles, which gives indication either for a pull back, or for some sideaway moves on the weekly time frame.