meszaros

EURHUF before falling...

Short
meszaros Updated   
OANDA:EURHUF   EUR/HUF
Target price 322.11 In the analysis, I applied two rules at the same time. The fractal rules tell me that the second correction of the exchange rate is half the size of the previous fractal. In the present case, this may mean that the fractal size of the resulting response is doubled. This can be confirmed by the second rule. Currently, exchange rates move symmetrically over the two MA axes. Therefore, it is expected that the exchange rate for the MA (200) axis will move at the same distance as it did for the MA (50) axis. This is illustrated by the yellow square.
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