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...
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...
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 =...
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...
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...
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
For the last nine months, USD/HUF has been in a downtrend erasing all gains made last year. However, I believe it could change in the second half of the year. The currency pair reached the key support level of 340 HUF per USD in April. Since then the USD price has been anchored to the level. Before the spring of 2022, the level of 350 was the key resistance...
For the last months, the Turkish lira has been traded near the all-time lows against USD. I think that demand for the lira would shift soon, and it would trigger a breakout of resistance of 18.7 with the first psychological price target of TRY 20 for 1 USD with consolidation near 25 in the second half of the year. In terms of technical analysis, I do not see any...
Here we have a decent wl ratio . more details will be posted
This is a no-holds-bared, unmitigated, lock-and-load - and do it now! -, scenario. It does not get any easier than this, not even in the EUR/USD. The Hungarian Forint is staring at a massacre, with immediate effect. (... despite the fact that I applaud Victor Orban, the Hungarian Prime. Nevertheless, he has nothing left to work with. Simultaneously, he (still)...
Exiting Bullish Triangle with confirmation Long Position ----------------------------- Entry 348.085 Sl 344.000 T1 355.725 T2 360.724 T3 366.360 Goodluck
Hey guys, I'm new here, but just wanted to confirm some of my recently learned knowledge. Based on the first kiss (Naked Forex) principle, I went back on the charts and found this pattern on US dollar v Hungarian Forint. I noticed that between the 28th of April and the 18th of May, this pair was consolidating. A very strong support and resistance zone was created...
One vehicle how you can short or long the dollar is the USDHUF. The USDHUF mirrors the DXY moves pretty well. Though watching the FIB retracement we are at no man's land : the Fibonacci 61,8% is still 10 HUF away: we have important levels at 354.738, 352.993, and 351.248. I don't think price will break these levels at the first try. If we can bounce from...
Good morning to everyone and Happy New Year! As you can see we are investigating the USD/HUF. I strongly suggest you finish your short position on USD due to the fact that technically and also fundamentally we HUF went way ahead way too fast under the current circumstances. We are looking for the dollar will get stronger and we will retest the 400 levers...
After yesterday's FED contribution, price has finished a 1-2-3 wave right into the previous south breakout on the daily, meaning the correction may end here, and price can first make a correction of the correction, then long trend may resume and in this case, further target zones become valid. Trade safe! ⚪️⚫️...
-Head and shoulder pattern created -Price is retesting the neckline -Price is below 4h 200 EMA - 1D RSI is below 50 If price will break out from ascending channel there is good chance for short position TP target: Fibo 0.5 , 1D 200 EMA - 379-385 HUF Fundamental support could be the agreement with EU and the Hungarian Government...
Hi✋🏽 USDHUF made a quick correction. Many traders see such a move as a turn, but remember: until the weekly pivot (red zone) is broken, this market is in a long trend. I've marked the long trigger zone that, at the moment, shows the level that, if taken back by the buyers, I go long. What do you think??? Trade safe! ⚪️⚫️...
Hi✋🏽 A clear start of the correction made (part of) its first impulse wave that tested a nice north breakout on H4. I expect a correction from here and another wave down where the target is a Daily north breakout. Important to know that imho the steepness of the curve doesn't matter, we are in the CORRECTION. It means, R/R ratios are not as favorable as in an...