---------------EURHUF LONG---------------
Regarding to this "exotic" currency pair I can tell I am already in a long position with 3 trades at average price 392.17. In the long run I expect more HUF weakness but first we can go lower to 385-383 area where I plan to add 2 more trades and I am finished with the whole position building and I will be waiting for...
The EURHUF pair gave us a strong sell signal last time we made a call on it (October 13 2023, see chart below) as it made the bearish break-out below the Triangle and breached through Support 2:
The price is now approaching the 1D MA200 (orange trend-line), which has been supporting since January 17. The short-term pattern is a Channel Down, a Bearish Leg...
The HUF has been in a weakening trend for a long time.
The support-resistance square shown in the picture will be suitable for a bounce.
The weakening continues.
After the visit of the Chinese president, there was a slight correction, and then we will continue the usual weakening of the forint.
A long position can be opened again.
DAILY:
- Grote + kleine BM
WEEKLY:https://www.tradingview.com/x/EyXq6z2F/
-S&D zone
-Marktstructuur is bullish
-BM
4H:https://www.tradingview.com/x/rkBgYKtM/
-IHS
Since I live in Hungary, I get first-hand information about the economy. The HUF is predicted to be long in the long term. If you want to make some money, it might be worth shorting to the line and then longing and we will go above 400.
DAILY:
- bearish ms
- HS / BW
- -68 fib completion, bulls are taking profit
WEEKLY:https://www.tradingview.com/x/M35Y2XLI/
- ms is nog steeds bullish
- in de correctie zijn de Bears nog steeds impulsief
- vormen weekly bw en hs
- zien ook een dubbel top(golf) => wil de fib completion zien voor we terug long gaan, deze komt ook overeen met de weekly buying zone...
I see a good descending flag. Because there is a good momentum, a zigzag, parallel lines and three touches from above and below. I expect the price to go down.
EURHUF is bearish on the 1D timeframe (RSI = 35.270, MACD = -1.570, ADX = 36.402) after being rejected on a Double Top on the R1 level (394.675). The downtrend crossed under both the 1D MA50 and 1D MA200 and is approaching the S1-S1 Zone, above the HL trendline. This is a major buy zone as the 1D RSI also touched the bottom of its Channel Down. We expect a bullish...
The EURHUF pair is on a peculiar Ascending Triangle pattern, currently supported by the 1D MA50 (blue trend-line) near the Higher Lows. The 1D RSI is on a Higher Lows trend-line of its own and as long as those hold, we are bullish, targeting 394.6500 (Resistance 1). If a 1D candle breaks and closes below the 1D MA50, we will take the small loss and open a sell...
If you like to trade exotics or Eastern EU currencies like CZK, PLN, HUF I would like to highlight the possibility of future weekness of these currencies. At the moment HUF is strengthening while the other two suffer from selling pressure. I think this is only periodical and due to only the higher interest rate of HUF but this is barely sustainable, central bank...
I've been analyzing the EUR/HUF currency pair, and I've identified a potential trading opportunity based on a Bat Harmonic Pattern formed in the 4-hour candlestick chart. After careful observation, my confirmation for this setup is the third 4-hour candle following the completion of the Bat pattern.
For this trade, my entry point will be within the range of...
The Hungarian Forint has been on quite a run, but lately failing to make significant new lower lows on the EURHUF chart, signalling the bears are running out of steam. It’s also trading near major support zone. On the fundamental side, the national bank of Hungary are likely to start cutting interest rates slowly but steadily. I’m expecting the Forint to start...
Did y'all see that yesterday. The EUR/HUF has a massive move lower for over 570 pips and I was able to catch that. I exited out of my position because I have been in the pair for a while now and think it is going to push higher. It is pushing higher now, so for now I am correct. But I think there might be a larger push higher. If this pair can hit 380 or...
You can take the possible entry at Entry Point at 376.968 using fib tool and put a Stop Loss at 382.645. Your Take Profit point will be at 371.298 and your take profit point 2 will be365.628. Your Risk to Reward ratio is 1:1 at 10k fund.
