Daily: Price in the Kumo, neutral. Will become again if moves and closes above 312,50.
Slow again proved to be the best indicator to give signal in time! Frankly speaking, since I use , I give less relevance to Slow in general (often misleading), but not in the case of EURHUF . On this exotic par Slow is still very reliable. started to point up too.
All in all Looking at the it, the picture is neutral, with maybe some bias.
4 Hrs: tells us it is neutral between 311,50-313, but DMI-ADX puts pressure on the cross. We also had a weak Tenkan/Kijun cross on Friday, so holding short is not a good idea any more.
Well, to be honest low rates really do matter. So as a strategy on EM ccys, I use HUF now rather as a funding ccy, which means I rather buy EURHUF on dips and then I try to sell EURTRY on spikes, making some synhtetic TRYHUF long position on legs. While EURHUF has no positive carry, EURTRY 6M implied is ard 8,60-8,80 % p.a.