This is a no-holds-bared, unmitigated, lock-and-load - and do it now! -, scenario. It does not get any easier than this, not even in the EUR/USD.
The Hungarian Forint is staring at a massacre, with immediate effect.
(... despite the fact that I applaud Victor Orban, the Hungarian Prime. Nevertheless, he has nothing left to work with. Simultaneously, he (still)...
For the last months, the Turkish lira has been traded near the all-time lows against USD. I think that demand for the lira would shift soon, and it would trigger a breakout of resistance of 18.7 with the first psychological price target of TRY 20 for 1 USD with consolidation near 25 in the second half of the year.
In terms of technical analysis, I do not see any...
One vehicle how you can short or long the dollar is the USDHUF.
The USDHUF mirrors the DXY moves pretty well.
Though watching the FIB retracement we are at no man's land : the Fibonacci 61,8% is still 10 HUF away:
we have important levels at 354.738, 352.993, and 351.248.
I don't think price will break these levels at the first try. If we can bounce from...
Good morning to everyone and Happy New Year!
As you can see we are investigating the USD/HUF.
I strongly suggest you finish your short position on USD due to the fact that technically and also fundamentally we HUF went way ahead way too fast under the current circumstances.
We are looking for the dollar will get stronger and we will retest the 400 levers...
After yesterday's FED contribution, price has finished a 1-2-3 wave right into the previous south breakout on the daily, meaning the correction may end here, and price can first make a correction of the correction, then long trend may resume and in this case, further target zones become valid.
Trade safe! ⚪️⚫️...
-Head and shoulder pattern created
-Price is retesting the neckline
-Price is below 4h 200 EMA
- 1D RSI is below 50
If price will break out from ascending channel there is good chance for short position
TP target: Fibo 0.5 , 1D 200 EMA - 379-385 HUF
Fundamental support could be the agreement with EU and the Hungarian Government...
Hi✋🏽
USDHUF made a quick correction. Many traders see such a move as a turn, but remember: until the weekly pivot (red zone) is broken, this market is in a long trend. I've marked the long trigger zone that, at the moment, shows the level that, if taken back by the buyers, I go long.
What do you think???
Trade safe! ⚪️⚫️...
Hi✋🏽
A clear start of the correction made (part of) its first impulse wave that tested a nice north breakout on H4. I expect a correction from here and another wave down where the target is a Daily north breakout.
Important to know that imho the steepness of the curve doesn't matter, we are in the CORRECTION. It means, R/R ratios are not as favorable as in an...
Hi Everyone!✋🏽
USDHUF trend is long. If you take a look at the daily (it is the H4 chart), you can seen that it has reached the Daily FIBO 200 level with a sharp impulse wave. It's more likely that smart money realizes profits at this level, and on H4 there is a 1-2-3 move down beyond the last north breakout. These two factors tell me that a correction is under...
Bullish rally at USDHUF already reach resistance point inside channel up at 441.750
in the next few week we expect some correction with target at fibonacci channel around 420, with maximum target at channel support around 406.17
to take short sell at bullish market is not an option,
the best strategy to enter this market are to wait this coorection over, and take...
Hi Everyone!✋🏽
Just a quick update on the USDHUF. Direction is undecided yet, I'd wait for a confirmation in the trigger zones.
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Trade safe! ⚪️⚫️
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Thanks for reading my...
Expect USDHUF to decrease 2.59%. Note that the trend line has 6 touches. Six wicks created the trend line. Three touches on top. Three touches on bottom of trend line.
USD/HUF technical analysis
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The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has...
