expect a bearish trendWe have a double top on H4 & the market broke the neckline of double top and came back for our order block zone.Shortby Bonga010
The 3 Step Rocket Booster Strategy In ForexLook at the chart above what do you notice? Notice that: 1- The price is above the 50 MA 2 - The 50 MA has crossed above the 200 MA 3- The price has gapped up This is called the rocket booster strategy to learn more check out the resources below Also, rocket boost this content Disclaimer : Trading is risky you will lose money wether you like it or not please learn risk managementLongby lubosi1
USDHUF - Short IdeaPolitical reasons are manipulating the USDHUF currency pair until there is a final agreement between Hungary and the European Union between support for Ukraine and while Hungary is delaying the approval of Sweden's accession to NATO. As soon as both political issues are resolved, and they certainly will be in the near future, the Hungarian forint will gain momentum. Let's wait for the best price of USDHUF to enter sell positions.Shortby BalticForexUpdated 229
USDHUF Sell when the 1D MA200 breaks.The USDHUF pair had a bearish break-out on our last analysis (October 13 2023, see chart below) and after hitting our 345.700 Sell Target, it rebounded: The rebound formed a Channel Up, which again failed and a new downtrend has been confirmed after the price broke below the 1D MA50 (blue turned-line) again. Once the 1D MA200 (orange trend-line) breaks as well, we will have a bearish break-out confirmation, similar to October - November 2023. Our Target is Support 2 at 342.1565. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot6
USDHUF-Trend Reversal There is a possible trend reversal for USDHUF as it signals a bearish divergence on RSI. On chart it has printed a double top pattern. Trade is valid as it has broken the neckline to the downsideShortby arsalankhan93942
USDHUF - The slow thinker. Hello all, Today, we are posting my observation of the recent crab structure USDHUF has displayed, and is now giving a great regression into it's extension levels. Depicted are the 1.13, 1.27, 1,41 and 1.618 extension levels. As the chart suggests, we should see a nice move into the 1.13, and then into (B). These moves are most typically strongly considered only after tapping the 1.13 PRZ. This happens quite often, and results in a lengthy run for the asset pair(s) Of course, use caution; whilst harmonix are a great tool to utilize during a traders analysis, it can be violated like any other theory. This depiction is simply a technical analysis that aims to help other harmonic traders in their consideration of this trade. Happy charting, -Richie Longby FatmanRichardUpdated 2210
USDHUFPrice appears to be overbought, we could expect price to drop in the coming week.Shortby RicoTrades_1
USDHUF: Stage 1 BreakFundamentals : It seems that Hungary's central bank rate cutes will come faster than the US central bank rate cuts. This could strengthen the US Dollar's currency relative to the Hungarian Forint's currency. Technicals : divergence bottom reversal pattern ichi cloud break Weekly morning stars Monthly uptrend and bullish chikou Recent news: "Hungary's central bank (MNB) has reduced its key interest rate by 75 basis points to 10.75%." (www.euronews.com(MNB)%20has,third%20consecutive%20cut%20since%20October.) "MNB also released its updated economic forecast, signaling a strong decline in the forthcoming inflation report" "The consumer price index is expected to return to the central bank's inflation target of between 4% and 5.5% in 2025." "The MNB expects the GDP to expand by 2.5–3.5% in 2024, followed by 3.5–4.5% in 2025 and by 3–4% in 2026." The Hungarian central bank vice president "Virág said at the press briefing that the Council has also discussed the possibility of a 100 basis point rate cut today. " "Earlier in November, the vice president signaled that the interest rate may fall below 10% for the first time in February 2024, which has been widely interpreted that the rate of 75 basis points per month is almost certain to stay until then ." Longby Rocketman4
USDHUF - Daily TFTrade Plan: Analysis Time Frame: Daily Order - Buy Stop Risk on Account 2% Entry Price: 358.245 Stop Loss: 341.565 TP1: 374.9250 TP2: 391.6050 by abbisyd2
USDHUF - 4HR TFTrade Plan: Analysis Time Frame: 4 HR Order - Buy Stop Risk on Account 2% Entry Price: 347.196 Stop Loss: 342.810 TP1: 351.5820 TP2: 355.9680 by abbisyd1
USDHUF // accumulation phaseThe trend is short on the Weekly and the Daily, but this short trend may prove as the correction of the last big wave up on the Weekly. Below the closer Daily support, the price may target the next Daily support, then the Weekly. Above the Daily IMP, the Daily short trend breaks with waves up, so buyers may push the price towards the next Weekly and Daily resistance levels.by ZenScape1
USDHUF-BUY and SELL strategy 4 hourlyThe pair will at first climb higher, to complete the potential right shoulder. We are having good resistance near 351.50 GANN. The stochastic is low and shows potential for the upmove at first. strategy 1. BUY @ 345.00 area and take profit near 351.00. (place you desired SL) strategy 2. SELL @ 351.00 area and take profit @ 335.00. 9place your desired SL)by peterbokma2
💡⬆️ USD/HUFHi traders This pair is primed for a move up accordingly. Having hit two 61.8 Fib support areas. The first comes from a 3 month impulsive move. The second comes from a weekly impulse. If timed correctly this move could head much higher. To the 3 month fib Breakeven target.Longby GuardianFX3
USDHUF: Buy and sell signals depending on the 1D MA200.USDHUF is bearish on the 1D technical outlook (RSI = 37.886, MACD = -2.380, ADX = 36.722) as it has been on the decline since October 4th. This selling sequence has stopped exactly at the bottom of the Channel Up pattern, with the 1D MA200 holding precisely for five straight days. As long as it holds, it is a buy signal and we are targeting the R1 level (TP = 375.00). If it breaks and closes the 1D candle under it, sell and target the S2 level (TP = 335.60). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##by InvestingScope4
Reasons to Go Long USDHUFReasons to go long USDHUF: 38%/61.8% pb confluence a-b-c equal legs completion cup-w-handle pattern Weekly BBT Monthly and Quarterly trend up 100ema+200ema+cloud support confluence Trade Plan: Wait for bullish candle pattern in the BUY ZONE, then enter. Longby Rocketman1
Bearish idea on USDHUFWe can observe that this pair has created a lower structure with a break of the 365 level. With that comes the dollar retracing since yesterday... If we see weak datas coming from the dolar today, we might see a short term bearish move on this pair. To monitor...Shortby Trader_LandryUpdated 2
USDHUFWaiting for a ChoCh or another BOS so I can Short or Long nice fibo level on 15min nice fibo level 4h by BSatoshi7770
USDHUF Bearish leg within a Channel Up.The USDHUF pair is trading within a Channel Up pattern, currently extending the bearish leg after a Higher Low on Resistance 1 (375.600). The previous bearish leg hit the 1D MA50 (blue trend-line) and then rebounded, so we are expecting a similar development. As long as the pair is closing the 1D candles above the 1D MA50, we will be bullish, targeting Resistance 2 (381.3500) as part of the next Higher High. If it closes below the 1D MA50, we will take the loss and counter with a sell position, targeting 345.700 (Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot116
BUY USD/HUFThis pair seems to be on a long-term uptrend. Market sentiments indicates that there are less buyers than sellers which could support my hypothesis that this pair will be a long-term buy.Longby Reyesabreue2
Overvalued (+10%) Central European Currencies vs. USDInflation induced rate differentials over nominal exchange rates drove a steady (almost uniform) overvaluation of the Central European Currencies vs. the USD. With present premiums around +10% a swift, near term correction is ever more likely. LONG USDHUF, USDPLN, USDRON, USDCZKLongby Nemo_ConfidatUpdated 4
USDHUF • HUF • SHORT TF H1 TP = 353.23#USDHUF • HUF • SHORT TF H1 , TP = 353.23 , SL = 363 The trend continues, the nearest support level according to my calculations TP 353.23 Shortby MagyarPenztarca0
USDHUF Exotic Long !Here in this Educational Analysis we have a series of consecutive signals both long and short . Last but not least a bottom fishing program or in a more technical term a 3 consecutive bearish series BFP signal indicates that a trend reversal to the SMA20 resistance level is on the way Longby irpsd91
USDHUF - BEARISH CONTINUATIONPair was trending in a bullish trend and printed a bearish divergence on RSI. It broke below HL and confirmed new bearish trend. Short positions may be takenShortby aatifbabar860