Do it🔥Wolves🔥 Here is the one more trade for you! There is an ascending triangle on EURHUF currency pair. There was a slight bearish trend on bigger frame and now the price is in consolidation. According to Elliott Waves theory all the waves are done and the price is heading to breakout. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".by Berzerk_invest2221
EURHUF is expected to rise. EURHUF is expected to rise. The analysis shows that the amplitude of the correction wave sequences is the same (white square). It can also be said that the amplitude of the ascending wave sequences formed after the corrections is doubled. Therefore, I assume that the current system of rules can remain. The forint has embarked on a significantly weakening path. If this statement is correct, the next EURHUF target price is 400HUFLongby meszarosUpdated 117
Hungary's playing fire with the European UnionThe pair will fail to break out from an uptrend resistance line, sending the pair lower towards its previous low. Hungary is playing fire with the European Union after the country along with Poland vetoed the EU budget of $2.14 trillion over the next seven (7) years. This was following the EU’s stance that the budget allocation can be altered for countries that it found were violating the EU rule of law. This move could delay the much-needed funds from the block towards the EU member states that are hardly hit by the pandemic. On their most recent reports, some EU member states already showed some weakness amidst the second wave of the pandemic. France’s consumer price index (CPI) MoM and YoY reports both posted zero percents growth. Meanwhile, Italy recorded 0.2% and -0.3%, respectively, on the same reports, showing no signs of improvement from their prior report. The delay in the budget will negatively impact the upcoming reports.Shortby Financebroker0
EUR/HUFNot taking this trade due to the fact, my strategy enters at the break of the 5 min 50 EMA after deceleration on the 4hr, price action on the 1hr and I would be getting in almost.50% late therefore not being able to protect my SL.Longby UnknownUnicorn22903351
The recover of the European Union with the Visegrad GroupThe pair failed to break out from an uptrend channel resistance line, sending the pair lower. Eastern Europe is leading the recover of the European Union with the Visegrad Group at the forefront. Hungary managed to lessen the country’s unemployment rate from 4.6% in August to 4.4% in September. The recent report represents the second consecutive decline in the country’s unemployment report this year. Aside from this, the $272.00 million increase in the country’s trade balance report will further add strength to the Hungarian forint. On the other hand, western Europe led by Germany and France were mixed in their third-quarter GDP results last week. Germany’s Q3 result was an expansion of 8.2%, beating analysts’ estimates of 7.3% growth. Despite this, the growth in Q3 was lower than the previous quarter’s -9.8%. The opposite is true for France which grew by 18.2% beating both estimates and the previous record of 15.4% and -13.7%, respectively.Shortby Financebroker1
eurhufOn the weekly and daily we can see a W formation ( in yellow) and on the lower timeframe we can see a slow down in price action so I am looking for a sell (red line)Shortby fxtrademooola2
Short EUR/HUFEur/Huf showing strong resistant at 360.748 looking for a short term short possible swing trade let me know your thoughts Shortby JurneyFX2
EURHUF short move 🦐The market after moving up couldnt make new highs and recently broke the minor channel after a double top. Price is now breaking the 4h structure and at the retest of it we can look for a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger. Shortby InkyGripUpdated 5
The Hungarian momentarily lost its footing against the euroThe Hungarian momentarily lost its footing against the euro once the month kicked off. But as of today, it manages to ease thanks to stimulus hopes and the performance of the stock market. The global sentiment improved which helped the Hungarian forint and major stock indices. And all of these are because investors are looking forward to further stimulus measures in the United States and the positive results produced by the eurozone. Moreover, Hungarian Prime Minister Viktor Orban confidently said that the country’s economy will benefit from an upcoming investment boom by next year. This will be the evident result of the government’s programs to help domestic firms. Through government aid, hundreds of companies have undertaken to invest in machinery and factories that should start production or manufacturing within a year. However, Orban warned the citizens to stay cautious to prevent a second wave of coronavirus infections.Shortby Financebroker0
EURHUF to go further downI wasnt that sure at the start of this move but i kept my eye on it and i think its time. Shortby riminatsvonavi4
EUR BullEUR is looking stronger and stronger, not much will stop it including the HUF, big movements expected. Longby AlphaVale0