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...
USDHUF is bearish on the 1D technical outlook (RSI = 37.886, MACD = -2.380, ADX = 36.722) as it has been on the decline since October 4th. This selling sequence has stopped exactly at the bottom of the Channel Up pattern, with the 1D MA200 holding precisely for five straight days. As long as it holds, it is a buy signal and we are targeting the R1 level (TP =...
