EURHUF Trading Plan BUY - Riks Reward 1:3++EURHUF Trading Plan BUY - Riks Reward 1:3++Longby ekopurdanaUpdated 4
EURHUF Short - daily, 4H, 3min analysisWe are expecting EURHUF to go down. Check the chart for more infoShortby axrorbekfx6
EUR/HUFThe market clearly shifted to a bearish market after a period of overbought. The 2 Ema cross and is now pointing to go back in the channel.Shortby telespep5
The Hungarian forint is deep troubleThe Hungarian forint is deep trouble. The HUF lost all its strength following the crash of the Hungarian Manufacturing PMI. Following the record low data from the said report, bulls immediately took advantage, forcing the EURHUF pair higher. Aside from the crucial data, the forint fell to its weakest levels due to the global risk-off sentiment. Unfortunately for Hungary, its manufacturing activity collapses to levels weaker than what it experienced back in the 2008-2009 Financial Crisis. The Hungarian manufacturing data collapsed from 50.1% on the prior month to just 29.1% in March. The results show the initial impact of the virus on the sector. Investors of the Hungarian forint were gravely disappointed as the results came in way worse than projections of 47%. To put things into perspective, back in the 2008-2009 Financial Crisis, the Hungarian manufacturing PMI only dropped to 40%, and considering its drop now, it’s drastically worse.Longby Financebroker5
EURHUFRisky as SL is a bit huge. We wish to see one last Push his to minimize our risk.Educationby bxoleloUpdated 0
EUR HUF huge massive upside potential Huge potential right now so long it play the uptrend and lock in on the way up lots of momentum and strong support to go up Longby Forex_Classifieds4
EUR/HUF bounced back from a key support lineThe pair bounced back from a key support line, sending the pair higher towards its previous high. The Nemzeti Bank, Hungary’s central bank, hold onto its current benchmark interest rate of 0.90%. This was despite investors’ concern on Hungary’s surging inflation. Hungary is one of the fastest growing economies in the European Union. However, the country also holds the record for the largest inflation among EU member states in 2019. Brexit Party leader Nigel Farage predicts Italy, Denmark, and Poland to be next countries to exit the European Union. However, Hungary is not on the list. This was despite Hungary being the leader of the eastern and nationalist bloc, the Visegrad Group. Analysts claim that the reason for its exclusion was its dependency on the EU funds. Moreover, Hungary is holding the Enlargement Portfolio of the European Union. This ensures that the opposition to the Germany-Franco leadership will not be the first to secede.Longby Financebroker3
SHORT SELL on Resistance zone on H4 timePlease support this idea with LIKE if you find it useful. Entry Price: 338.704 TP1 - 335.764 SL - 339.269 Reason: It is strong Resistance. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. OANDA:EURHUFShortby Forex-VIPUpdated 5
EUR/HUF will reverse back in the following daysThe pair will reverse back in the following days towards a key support line. The UK, 5th largest economy in the world and 2nd in Europe, officially withdraw from the EU on January 31. Brexit Party leader Nigel Farage predict the collapse of the European Union in ten (10) years. The comment came on his last day in the EU Parliament, just two (2) days before the UK leaves. The comment is timely as the eastern bloc rallies against the Germano-Franco leadership in the bloc. It also came during the time when Germany and France’s economy is experiencing a slowdown. The two (2) countries will report their export and import figures for the month of January today, February 07. December’s results were disappointing, showing figures for the trade balance declining. This means that imports are higher than exports, a negative sign for the euro. Hungary and its fellow V4 members were the countries with the highest economic growth in the EU.Shortby Financebroker7