Hurray, my friends🔥 There is one more interesting formation for today. Ascending Triangle on EUR/HUF currency pair. There was a strong and confident bullish sentiment before. According to Elliott Waves theory all the waves are done and now the price is heading to the breakout. So follow the chart and look for the breakout carefully....
Wolves🔥 Here is the one more trade for you! There is an ascending triangle on EURHUF currency pair. There was a slight bearish trend on bigger frame and now the price is in consolidation. According to Elliott Waves theory all the waves are done and the price is heading to breakout. So follow the chart and look for the breakout carefully. If you enjoy my FREE...
EURHUF is expected to rise. The analysis shows that the amplitude of the correction wave sequences is the same (white square). It can also be said that the amplitude of the ascending wave sequences formed after the corrections is doubled. Therefore, I assume that the current system of rules can remain. The forint has embarked on a significantly weakening path. If...
The pair will fail to break out from an uptrend resistance line, sending the pair lower towards its previous low. Hungary is playing fire with the European Union after the country along with Poland vetoed the EU budget of $2.14 trillion over the next seven (7) years. This was following the EU’s stance that the budget allocation can be altered for countries that it...
The pair failed to break out from an uptrend channel resistance line, sending the pair lower. Eastern Europe is leading the recover of the European Union with the Visegrad Group at the forefront. Hungary managed to lessen the country’s unemployment rate from 4.6% in August to 4.4% in September. The recent report represents the second consecutive decline in the...
Eur/Huf showing strong resistant at 360.748 looking for a short term short possible swing trade let me know your thoughts
The market after moving up couldnt make new highs and recently broke the minor channel after a double top. Price is now breaking the 4h structure and at the retest of it we can look for a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY...
The Hungarian momentarily lost its footing against the euro once the month kicked off. But as of today, it manages to ease thanks to stimulus hopes and the performance of the stock market. The global sentiment improved which helped the Hungarian forint and major stock indices. And all of these are because investors are looking forward to further stimulus measures...
First wave of the Elliot has reached an end on a key level, correction is expected. Fibonacci 0.382 level is overlap with an another key level. I expect the third wave (the end of the correction) there. The Fibonacci extension 61.8's line overlap with an another strong level.Likely we can estimate the third wave's strength. The Central Bank reduced the interest...
The expected interest rate cut from the Hungarian central bank this July is slowing down the Hungarian forint. In fact, it caused to weakened significantly against the euro in the trading sessions. The pair is widely projected to climb to its resistance and hit levels last seen in early April 2020 during the hype of the euro’s bullishness. Just last week, the...
The pair is seen inching down this Tuesday as the euro’s strength falters as the risk appetite continues to go down. However, the Hungarian forint is also weakened by disappointing data from the region, resulting in a stalemate-like run for the pair today. But ultimately, the tide is expected to turn in favor of bearish investors which will help force the 50-day...
The pair will break down from a key support line, sending the pair lower towards a major support line. The single currency will continue to decline in the coming sessions due to disappointing results from Germany and the European Union. The EU’s largest economy reported a sharp decline in its import, export, and trade balance. Imports shrink by 16.5% while exports...
The market as we expected went to retest the dynamic trend line of the channel on the 4h timeframe. On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel. At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios: - If the market will break above the...
EURHUF Trading Plan SELL - Riks Reward 1:3
EURHUF Trading Plan BUY - Riks Reward 1:3++