USDHUF Sell when the 1D MA200 breaks.

FX_IDC:USDHUF   U.S. Dollar / Hungarian Forint
The USDHUF pair had a bearish break-out on our last analysis (October 13 2023, see chart below) and after hitting our 345.700 Sell Target, it rebounded:

The rebound formed a Channel Up, which again failed and a new downtrend has been confirmed after the price broke below the 1D MA50 (blue turned-line) again. Once the 1D MA200 (orange trend-line) breaks as well, we will have a bearish break-out confirmation, similar to October - November 2023.

Our Target is Support 2 at 342.1565.


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