This pair has been trading inside a very long term Channel Down on 1W (RSI = 37.951, MACD = -0.084, Highs/Lows = -2.8661, B/BP = -5.8570) and has just touched the inner supporting trend line. As indicated by the July - August 2018 fractal, this trend line can provide the necessary support for a bounce towards the inner resisting trend line (321 - 322). This is an...
EURHUF is trading within a 1D Channel Down (STOCH = 44.456, MACD = -0.045) and 325.00 is its technical Lower High. However we cannot ignore the possibility of a less aggressive Channel Down that may be developed, so the shorts target should be placed accordingly. TP = 320.250.
Trade Alert Let's see if this idea works out. EURHUF is currently balancing below the short-term downside resistance line, but if the pair breaks that line, we could get some increased buying activity, where the pair may go to the 13th of November high, near the 323.55 barrier. Don't forget your SL
I want to hope this low timeframe bull channel will work correctly need some upward movement tight stop comments welcome
That Hungarian forint weakens. According to the technical picture, the exchange rate consists of the last two major D1 fractal points. If you cross this shaft, a larger space will open for further reinforcement. Strength can be created in a dual ascending wave structure. The target price for the first rising structure is 332HUF. Then correction follows. Then the...
Targets and stop loss mentioned in graph
The Hungarian national bank will not change its current interest rate, and inflationary pressures will further push the HUF into a higher zone.
The previous forecast worked, however, the EUR/HUF exchange rate has not reached the Fibonacci 50.00% retracement at 320.26. Given that the currency pair is being pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair targets the lower boundary of a short-term descending channel located circa 319.90/320.00. Technical indicators for the short...
And you can always trust a super dovish Central Bank :-) In case of a bullish flag breakout, EURHUF Will target 345-350 zone.
The Hungarian Forint has been appreciating against the Euro after the currency pair reversed from the upper boundary of a medium-term descending channel at 328.40. This movement has been bounded in a short-term ascending channel. Given that technical indicators still remain bearish in the short run, it is likely that a breakout from the junior channel occurs...
A sloppy, but valid h&s is in the making. Short target is a key level, which is also reinforced by the 200 EMA.
Hungarian interest rates were not changed by the national bank. The exchange rate may rise due to migration news also.
Last week market sentiment was very optimistic -> however, trade war destruction goes on Daily 61.8 Fib level was supported by two bullisih candles -> entry setup with 1:3 RR.
The Euro has been depreciating against the Hungarian Forint gradually after the pair reversed from the upper boundary of a medium-term channel at 328.50. By the time of this analysis, the pair had breached the support level formed by a combination of the 55– an 100-hour SMAs at 324.72. The most common scenario for such case would be a surge downwards to the...
It is time the forint regained its strength. Today's pinbar is a good entry point, the levels are clear.
- Ichimoku setup is bullish - price reached Kijun and spot Kumo support - Chikou Span (lagging line) is also at past Kumo support - HA candle body shrinks, indicators may give an early reversal signal soon - CPI to day at 3,4 % (mkt exp. 3,3 %), but core CPI down to 2,2 % -> NBH is very unlikely to change its extra dovish rethorics any time soon - European...