Political reasons are manipulating the USDHUF currency pair until there is a final agreement between Hungary and the European Union between support for Ukraine and while Hungary is delaying the approval of Sweden's accession to NATO. As soon as both political issues are resolved, and they certainly will be in the near future, the Hungarian forint will gain...
Here in this Educational Analysis we have a series of consecutive signals both long and short . Last but not least a bottom fishing program or in a more technical term a 3 consecutive bearish series BFP signal indicates that a trend reversal to the SMA20 resistance level is on the way
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)...
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...
As you might know Hungary is at the 2nd place in Covid vaccination in Europe.
As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 .
It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again.
Indicators:...
USDHUF has been consolidating, as always we buy LOW and sell High , we will be waiting for price to reach on the Support before taking a long with a nice and good risk to reward ratio
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 USDHUF technicaly based idea, we can see price is bounce from bottom trend line, candels formation is good...
