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 downside
Political 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...
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...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Price appears to be overbought, we could expect price to drop in the coming week.
Fundamentals : 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...
🟡USDHUF🟡 15 Minute Confirmation Market Execution Sell EP: 349.390 SL: 350.972 (1582 Pips) TP: 345.675 (3715 Pips) Risk To Reward Ratio: 2.35
Trade 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
Trade 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
The 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...
The 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)
Hi 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.
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 =...
The signal is so clear I'm wondering if I'm being trolled also FOREXCOM:EURHUF showing similar signal
Reasons 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.
We 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...
FX_IDC:USDPLN OANDA:USDHUF
Waiting for a ChoCh or another BOS so I can Short or Long nice fibo level on 15min nice fibo level 4h