This pair has been trading inside a very long term Channel Down on 1W (RSI = 37.951, MACD = -0.084, Highs/Lows = -2.8661, B/BP = -5.8570) and has just touched the inner supporting trend line. As indicated by the July - August 2018 fractal, this trend line can provide the necessary support for a bounce towards the inner resisting trend line (321 - 322). This is an...
The price has been trading within a 1W Channel Up (RSI = 59.050, MACD = 2.419, B/BP = 4.6780) and has just priced a Higher Low (Highs/Lows = 0.0000). A moderate long TP is the previous Higher High at 292.380. A riskier TP is a new Higher High at 296.380. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
EURHUF is trading within a 1D Channel Down (STOCH = 44.456, MACD = -0.045) and 325.00 is its technical Lower High. However we cannot ignore the possibility of a less aggressive Channel Down that may be developed, so the shorts target should be placed accordingly. TP = 320.250.
The previous TP = 283.20 on USDHUF was hit and the pair has been trading sideways since within a 273.754 - 285.075 1W Rectangle (ADX = 17.489, Williams = -49.968, Highs/Lows = 0.0000). The most optimal approach is to long near the 273.754 Support (TP = 283.268) and short near the 285.075 Resistance (TP = 275.110).
TP = 286.634 as CHFHUF extended the gains on the 1D Channel Up (RSI = 58.041, MACD = 1.231, B/BP 1.4290) to a 292.000 Higher High. After continuous Higher Lows (Highs/Lows = 0.0000), we expect a narrower Rising Wedge to approach a peak, so we are long again, TP = 295.175.
EURHUF has approached the 1D Resistance (331.469) and is already pulling back. We are taking our first short now, with the second waiting on the Resistance, if the opportunity is presented. TP = 322.973 and 320.064 in extension (with the previous profit secured).
CHFHUF is on a 1D Channel Up (RSI = 57.732, MACD = 0.384, Highs/Lows = 1.4859, B/BP = 2.9840) and has just printed its Higher Low. Long taken, TP = 286.634 (previous Higher High).