OANDA:USDHUF   U.S. Dollar / Hungarian Forint
USDHUF had broken through the resistance line and changed its trend. We have formed a pennant . The first target is near 50% Fibonacci level, the second - 61.8%.

Best regards EXCAVO
Trade closed: stop reached

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I'd say based on the Stoch, it breaks downward. Time will tell...
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LOL , Bro , this is very very bad scenario - not your work - hungarian goverment more cash but hungarian people game over ........ I am very sad , if this scenario success ... we - the Hungarian people - are economically over :(
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AryanNJ Uhura
@Uhura, You're saying it's a no go based on your emotions, I know it would be hard for you guys... But this chart is drawn with sience and pure analysis. I don't see no flaw in it.
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Uhura AryanNJ
@AryanNJ, I'm sorry, but I think you misunderstood. The analysis is true, I do not dispute this, that is to say, I do not dispute anything. I’m just drawing attention to the impact a $ 320-330 price generates.

What I have seen is very simple: there is a general consensus today that there is no room for the strengthening of the Hungarian forint, or that it keeps level or falls ... this predicts two things:

1.) Fidesz is preparing for the 2022 election, which will lose.
2.) The opposition will rule for 1-2 years but I will have a chance in a ruined economic situation. About the same as Japan (after 60 years, a new government / new party in government and fails.) It will be here too. But in the meantime, the forint will fall like a stone ..... The Excavo analysis is the opening of a deep drastic fall.
3.) Meanwhile, the population is going through a deep crisis, the social and economic scissors will open up to the same size as in Latin America ... I see that.

Of course, this is not an economic analysis, or just that .... it is an opinion.
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