EURHUF long. The exchange rate has completed the correction movement. 0A wave motion begins. The target price is 316.93 HUF. Then the AB correction wave structure can follow. The bottom of which is around 315.52 HUF. Then the second rising wave BC can start, which is the price of 318,96 HUF.
- Ichimoku setup has minor bullish bias, but
- Heikin-Ashi quantification tools (haDelta+ and haOscillator) signal possible momentum weakness and reversal at 313 key level
- If price cannot break above 313,50, it may develop a Head and Shoulders pattern -> neckline and also Kumo supp/res is at 311,05
- In case of a sell signal and a 311 brealdown confirmation,...
EURHUF long to 316.43. The exchange rate can create a double-raised rising wave. This first wave may rise to 316.43. Then I expect a correction. The bottom of the correction is 311.72. Then the second wave waveform of the double-wave wave may develop. For this purpose, level 320.32.
In this short-term scenario, the selling trend is quite clear. The price broke the support line that has kept it in the last 10 days. With this bullish movement we can clonclude that the price will start a correction to then go long and touch the interest red zone.
Like as i mentioned before it is a short-term trade and the bias remains bearish.
This is not a...
EURHUF stil in Uptrend.
Good Entry is at 313.274
TP at 315.194
315.194 is a important point.
If it breaks trough the top, it could move further to 318.033
If it only touches this top, you can go short till 307
EURHUF started corrective action. Correction level of exchange rate 308.8 HUF Up to now we expect the end of decreasing movement. Then again, climb to the 312.96 level. Then repeat correction. The wave for movement is 315,14 HUF
EURHUF correction follows. The exchange rate can be adjusted up to 309.3 HUF. Then the second wave of motion can move. For the next increase, the environment of 313.4 HUF.
EURHUF similarly performs corrective movements for other forint pairs. The size of the correction is the size of the last weakening wave. In this case, the exchange rate of the forint may rise to 308.40 against the euro. Then we expect the next stage of the wave of amplification that we have started. In the first half, half a wave, for which purpose is 314.26...
The EURHUF exchange rate has come to a correction level. In the current movement I expect a quarter-wave correction. This means that I expect to adjust the exchange rate to the level of 309.5 HUF. Then thereafter a repeated ascending wave. The next rising wave may be equal to the size of the previous wave. If the assumption is correct, the exchange rate for the...
- Ichimoku is bullish, but price got a bit far above equilibrium level (distance from Kijun Sen)
- Heikin-Ashi candle is bullish, but watch out for haDelta+ and haOscillator: both cross down and both shows negative momentum divergence
- Price is also at trendline resistance, and weekly Kumo resistance. If you check, weekly haOscillator, also looks topish.
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