USDHUF OUTLOOK FINAL WEEK OF JULY
Hello everyone, here is the top-down analysis for USDHUF, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
The safe-haven appeal of the US dollar continuously falters against the Hungarian forint. And the recent news of a recently agreed upon stimulus package for the eurozone regions has sealed the fate of the USDHUF trading pair. Prices are widely projected to turn out very bearish as the greenback struggles to gain footing against the Hungarian forint. Bears are...
on H4: USDHUF is sitting around resistance so we will be looking for objective sell setups on lower timeframes. on H1: USDHUF formed a descending triangle in red and head and shoulders pattern so we are waiting for a momentum candle close below our lower red trendline which also acts as the head and shoulders neckline to sell this one.
The market after the down move has been retracing till the 0.786 fib level nad now testing the daily structure in blue. If the price will manage to break and close below the structure, at the restest of it we can look for a nice short order according with our strategy with a 1st tp around 304. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical...
Before you trade, or even before you state your bullish or bearish opinion on a currency pair, you should know the major resistance & support levels! Don't forget to look at the monthly or weekly chart...
Earlier last week RiosTrades entered in a Small Short Run for this pair and got out due to potential reversal. This week we look at the market opening ourselves to where price can go (either side, look for reasons as to why price may go the other way). This upcoming week I believe the USD has been doubted for long and will commence in rising, these exotics all...
240 chart. A bearish shark pattern has completed on the Dollar/Forint. S.l., T.P.s & Entry all sorted. 1) R/R = 2.23% 2) R/R = 3.56
USDHUF is sitting around a strong supply zone in green so we will be looking for objective sell setups. this one formed an objective trendline in red so we are waiting for a momentum candle close below its last swing for more confirmation. we also have a regular bearish divergence adding more confluence to our sell setup.
Bullish Black Swan, historical price support on D1, divergence on RSI. Price can reach 61.8% fibo
FOLLOWING LAST WEEKS DOWNTREND WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION 4 HR FULL BEARISH CLOSURE BELOW 310.887 CONSOLIDATION, ENTER SHORT
#USDHEF $USDHEF head and shoulders looks to be in play, I expect a decent bounce at the .618 making a good entry for a short
The market after a false breakout tested twice the resistance structure in blue before moving down. Now has just created another interesting zone (yellow area) and if the market will manage to break and close a 4h candle below that structure at the resets we can look for a short position according to Plankton signals. Bear in mind that we are at the end of the...
Thanks to the recent decision of the National Bank of Hungary to leave its rates unchanged, the Hungarian forint gets stronger. The currency is looking to redeem itself against the beloved US dollar, and the renewed risk-on appetite in the global market is also helping it with that. The US dollar to Hungarian forint exchange rate should reach its support by the...
we are waiting for a momentum candle close below our lower blue trendline to sell this one long-term. meanwhile, our blue trendline acts as support, so we will be looking for objective buy setups on lower timeframes.