USD/HUF technical analysis
The worst-performing currency today is the Hungarian forint, down by more than 1% on the day against the USD ( USD/HUF ), as Russian gas disruptions fuelled selling pressures on Central Eastern European currencies.
The latest candlesticks analysis provides a strong bullish signal generated by the three white soldiers pattern. This...
█ Operation Information
I expect after so much bullish momentum a small setback which would be quite valid since the VWAP denotes a large number of bearish orders entering in addition to the volume increasing little by little
█ Operation data
• Entry price: 396.460
• StopLoss: 401.580 (Loss 1.29%)
• TakeProfit Minimum: 391.407 (Win 1.27%)
I think we can buy this pair at 372 - 374 and TP would be 413 and stoploss is breaking 365 by ''daily'' candle.
there is a small possibility not to have correction to 372-374. therefore you can even enter at current price but with half volume.
don't forget risk management.
The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has...