Note: to filter and noise I use Heiken Ashi candles this time.
Daily: Price reached trend channel top at/above 320. It was a decent and quick move from the 306 low, it has become overbought. Slow has been deverging for a few days and is signalling a sell, is likely joining it with a sell signals too. These too signals together are very strong, and also Heiken Ashi candle is changing to Red. A pull back is very likely to happen within next few days.
First weak support is the Tenkan Sen at 317,33, the more important stronger supports are at Kijun Sen and the horizontal line ard level 312,50-313. Noze that Senkou B is at that level too.
I think in short term 313 can be the corrective tgt .
4 Hrs: Perfect , but Price action is coming back to neutral from . Red Heiken Ashi candles have been printed in a row and Chikou Span is hitting Price candles. Theoretically this time frame should be still considered as , but remember, always the higher time frame dominates, and the Daily is not really supporting further short term momentum. The 4 Hrs Slow Stock is low, and as Price is at Kijun Sen, trendline, horizontal support and Senkou B together, I think it won't be able to break down for the first attempt. We have to see if 4 Hrs chart can print a higher high or not. If there will be a lower high, then the next try will likely be succesful.
Anyhow, the ultimate support is ard 317-317,50. If that breaks, the counter trend can start.
If I see any further sell signals on 4 Hrs time frame, I will post it for you.
Hungarian Trade Ballance was out today, number was better than expected: 831,8M EUR vs 562,5M EUR exp (prev. 351M)
I do not see any structural flows that could send HUF a lot weaker from these levels. Trade ballance and current account surplus should help the HUF strength further.