EURHUF to the upside vol.2-------------EURHUF LONG------------- I added two more long positions. I still think this course will take off from these levels. Longby Szuperpotyka221
EURHUF Sell the bounce.The EURHUF pair gave us a strong sell signal last time we made a call on it (October 13 2023, see chart below) as it made the bearish break-out below the Triangle and breached through Support 2: The price is now approaching the 1D MA200 (orange trend-line), which has been supporting since January 17. The short-term pattern is a Channel Down, a Bearish Leg similar to October - November 2023. As a result, we are waiting for a potential bounce and sell on the next 1D MA50 (blue trend-line) contact. Our Target will be the bottom (Higher Lows trend-line) of the Triangle at 384.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot3
EUR/HUF BUYAfter the visit of the Chinese president, there was a slight correction, and then we will continue the usual weakening of the forint. A long position can be opened again.Longby xMoranTomx0
EURHUF to the upside---------------EURHUF LONG--------------- Regarding to this "exotic" currency pair I can tell I am already in a long position with 3 trades at average price 392.17. In the long run I expect more HUF weakness but first we can go lower to 385-383 area where I plan to add 2 more trades and I am finished with the whole position building and I will be waiting for higher price around 405-407 where I will very likely close the 80-90% of the trade. Rest I will leave to give it a chance if course wants to go even higher. But above 410 or rather 415 I will consider to start building a short position. As of now I am bullish on this pair. Of course I can be wrong and there is a possibility to go down 370ish levels. This is not a financial advice, do your own research and analysis!Longby Szuperpotyka112
EUR/HUF BuyThe HUF has been in a weakening trend for a long time. The support-resistance square shown in the picture will be suitable for a bounce. The weakening continues.Longby xMoranTomx112
EURHUF LONGDAILY: - Grote + kleine BM WEEKLY:https://www.tradingview.com/x/EyXq6z2F/ -S&D zone -Marktstructuur is bullish -BM 4H:https://www.tradingview.com/x/rkBgYKtM/ -IHSLongby Cgaetan983
Make money with EUR/HUFThe HUF continues to weaken, we will almost certainly not stop until the 400 level.Longby xMoranTomx112
Easy money on EUR/HUFSince I live in Hungary, I get first-hand information about the economy. The HUF is predicted to be long in the long term. If you want to make some money, it might be worth shorting to the line and then longing and we will go above 400.Longby xMoranTomx5
EURHUF SHORTDAILY: - bearish ms - HS / BW - -68 fib completion, bulls are taking profit WEEKLY:https://www.tradingview.com/x/M35Y2XLI/ - ms is nog steeds bullish - in de correctie zijn de Bears nog steeds impulsief - vormen weekly bw en hs - zien ook een dubbel top(golf) => wil de fib completion zien voor we terug long gaan, deze komt ook overeen met de weekly buying zone en de daily tp zone van de Bears. 4HOUR: - switch van momentum - hs => sl boven de Wick van het hoofdShortby Cgaetan98111
descending flagI see a good descending flag. Because there is a good momentum, a zigzag, parallel lines and three touches from above and below. I expect the price to go down.Shortby shamkanovvbekkazy3
EURHUF LONG Weekly: Criteria 4/4 Daily: - Bullish M + Inv H&S *Clear S&D zone *Impulsive 3rd leg 4H: - Waiting on valid confirmationLongby SimonVerlindeUpdated 113
EURHUF: Bullish reversal imminent.EURHUF is bearish on the 1D timeframe (RSI = 35.270, MACD = -1.570, ADX = 36.402) after being rejected on a Double Top on the R1 level (394.675). The downtrend crossed under both the 1D MA50 and 1D MA200 and is approaching the S1-S1 Zone, above the HL trendline. This is a major buy zone as the 1D RSI also touched the bottom of its Channel Down. We expect a bullish reversal similar to the one followed the August 30th Low. Target the R1 level again (TP = 394.675). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope3
EURHUF 1D MA50 makes all the difference between a buy and a sellThe EURHUF pair is on a peculiar Ascending Triangle pattern, currently supported by the 1D MA50 (blue trend-line) near the Higher Lows. The 1D RSI is on a Higher Lows trend-line of its own and as long as those hold, we are bullish, targeting 394.6500 (Resistance 1). If a 1D candle breaks and closes below the 1D MA50, we will take the small loss and open a sell instead, targeting first Support 1 (382.7500) and eventually 378.35 (Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot8
#EURHUF is likely to see further upside If you like to trade exotics or Eastern EU currencies like CZK, PLN, HUF I would like to highlight the possibility of future weekness of these currencies. At the moment HUF is strengthening while the other two suffer from selling pressure. I think this is only periodical and due to only the higher interest rate of HUF but this is barely sustainable, central bank has to lower rates and it is doing it right now. This idea can be a longer swing play. Please be aware of such currencies, these are not suited to daytrade or scalp. Longby Szuperpotyka5
EURHUF long again On daily time frame cup and handle is created. After retesting of 382-384 level the target is 410-415. Longby DubaiMorm114
Analysis of EUR/HUF Trade with Bat Harmonic PatternI've been analyzing the EUR/HUF currency pair, and I've identified a potential trading opportunity based on a Bat Harmonic Pattern formed in the 4-hour candlestick chart. After careful observation, my confirmation for this setup is the third 4-hour candle following the completion of the Bat pattern. For this trade, my entry point will be within the range of 387.319 to 386.836. I believe this is a favorable area where the market is likely to reverse in my favor. However, I am aware of the risks involved in trading, and as such, I have placed a stop loss at 389.867, just above the previous high on July 7th. This is a crucial risk management step to limit potential losses if the trade does not go as anticipated. Regarding take profit levels, I have identified two targets for this trade: My first take profit zone is between 378.00 and 379.00. I've noticed that the market tends to react when it hits the 377.611 support zone, so I aim to bag some profit in this range. My second take profit zone is estimated to be between 374.000 and 371.535. This is a deeper target for potential profit if the market continues its downward move. I understand that trading in the financial markets carries inherent risks, and no strategy is foolproof. Past performance does not guarantee future results, so I am cautious and aware of the need to use appropriate risk management techniques. The currency markets can be highly volatile and influenced by various economic and geopolitical factors. In conclusion, I see a potential trading opportunity in EUR/HUF based on the Bat Harmonic Pattern. However, I'm well aware that trading involves uncertainties, and I will continue to analyze and make well-informed decisions. As a responsible trader, I urge everyone to do their own analysis, exercise caution, and implement effective risk management strategies before entering any trade. Disclaimer: The following analysis is for informational purposes only and should not be considered financial advice. Trading involves risks, and individuals should conduct their own analysis and risk assessment before making any trading decisions. Shortby nirajanghimirey111
EUR/HUF time to open longs.The Hungarian Forint has been on quite a run, but lately failing to make significant new lower lows on the EURHUF chart, signalling the bears are running out of steam. It’s also trading near major support zone. On the fundamental side, the national bank of Hungary are likely to start cutting interest rates slowly but steadily. I’m expecting the Forint to start depreciating and my target is the psychological level of 400 to be tested in 1-2 months time.Longby elblanco05512
EUR/HUF Some Wild Swings. Not for the Faint of HeartDid y'all see that yesterday. The EUR/HUF has a massive move lower for over 570 pips and I was able to catch that. I exited out of my position because I have been in the pair for a while now and think it is going to push higher. It is pushing higher now, so for now I am correct. But I think there might be a larger push higher. If this pair can hit 380 or higher, I'll likely get back in and start building up to a standard lot. The reason, the Technicals (monthly head and shoulders with price almost completing the head), Fundamentals (over 25% inflation, 13% interest rates, Hawkish NBH and the possibility of increasing rates), and sentiment (news, articles, thoughts, analysts are pointing to a stronger HUF) are all inline and providing support for each other. This strengthens the probability for price to move lower. This heightens my conviction in building larger positions on this pair as this might be an opportunity that I don't want to miss. Of course I am going to build my position in blocks and not just place one max position. I am thinking though, that the price might push higher because of the coming up ECB Rate Hike. But I am also skeptical that price will hit 380 (so, I might place an entry at 380.50). What would be good is to build a position above the 380, build a max position to have my average position above the 380, see price push to around 375 and place a stop at 380 (one can only dream). So now it's the waiting to see what price wants to do.Shortby DollarSaenzUpdated 3
EURHUF(BEARISH)You can take the possible entry at Entry Point at 376.968 using fib tool and put a Stop Loss at 382.645. Your Take Profit point will be at 371.298 and your take profit point 2 will be365.628. Your Risk to Reward ratio is 1:1 at 10k fund.by muhammadsufyan40000
EURHUF - BREAISH TRENDEURHUF Pair is approaching trend line making LH. it is also an area of confluence as it is making FIB RET 0.618. Bearish trend will continue as no divergence on RSIShortby RIK061
EUR/HUF A Hidden GemThe EUR/HUF is meeting all of my expectations on the Technicals, Fundamentals, and Sentiment. On the technicals, price is showing a head and shoulders patterns and price looks like it might be able to complete the head portion this year. The reason being is, on the fundamental side, the ECB is struggling to fight inflation, the National Hungarian Bank sticking to maintain the highest interest rates in the EU (at 13%), the NHB is not looking to loosen monetary policy, even if the Hungarian Governments wants them to, and inflation is extremely high at over 25%. Sentiment is very strong for the HUF, with a lot of articles in favor of the HUF. Also the EUR/HUF is a great carry trade, and with the possibility of the NBH possibly raising rates further, could push price down to my price target of 345.Shortby DollarSaenz3
EURHUF ascendingAfter a five wave up there is a clearly visible three wave down. It retraces nearly 78 percent of the 1 or A wave which tells us it probably is a B wave correction. I'm waiting the price to go up in the fallowing days and it will reach new high above the 1 or A swing high.Longby tomna_934
EURHUF Carry Trade BIG POSITIVE SWAPThanks to the large positive swap, we would be in profit even if the price goes in the opposite direction, that's why this high stop lossShortby ForexCompanyUpdated 1