The 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...
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
The 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...
SnD Trade. tradingjour.blogspot.com
Please 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:EURHUF
The 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...
i would say buy when price hits 334.060 Day Chart
EURHUF another descending wave sequence. The current analysis shows that the exchange rate may build another descending fractal sequence (yellow square). It can also be seen that the angle behind the ATR decrease is currently (-66 °), while the previous fractal (-37 °) suggests that the "slope of the decline" will be faster. The target price is still waiting around 320HUF.
EURHUF further decline. TP $ 76.00 Hungarian Forint May Start Strengthening Again According to my technical theory, the exchange rate crossed two more powerful levels. At the intersection of the two moving average levels, the exchange built a fractal. The fractal built on the moving average curve (MA100) below is twice the size of the fractal built on the previous...