As you might know Hungary is at the 2nd place in Covid vaccination in Europe.
As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 .
It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again.
Indicators:
MACD, TSI crossing over , RSI left the oversold territory.
As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 .
It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again.
Indicators:
MACD, TSI crossing over , RSI left the oversold territory.
Comment:
Adding to the long position in the undercut daily candle:
Comment:
Divergence forming with a possible MACD cross
Comment:
Trade closed manually:
Closing the trade ahead of theFOMC meeting