EURHUF has approached the 1D Resistance (331.469) and is already pulling back. We are taking our first short now, with the second waiting on the Resistance, if the opportunity is presented. TP = 322.973 and 320.064 in extension (with the previous profit secured).
The exchange rate builds a rising wave structure. It is an extended triple wave structure. Currently, the second wave structure is built. The second wave target price is 331 HUF. Then we are waiting for ABC correction. Graph 1234 indicates a wave structure. Correction can be completed by an ATR axis. The cumulative wave structure may have a target price increase...
Two notable developments have taken place on the charts of the EUR/HUF since the last review. First, the medium term ascending channel pattern, which guided the surge of the Euro against the Hungarian Florin in June, has been broken. Namely, the support line of the pattern was passed on Tuesday. Secondly, the momentum for the passing of the support level was...
EURHUF Buy Idea @Weekly Demand Zone (320.110 - 316.846) Buy Limit: 320.419 Stop Loss: 316.602 Take Profit: 327.017 Risk Management = 0.01/$100 Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level Close partially the contract once it reaches 80% of the profit
The Euro continues to strengthen against the Hungarian Forint since hitting a medium-term channel at 317.00 early in June. This appreciation has been bounded in a more junior channel which has guided the pair out of the senior channel. At the time of this analysis, the Euro was testing the 327.00 mark – its highest level in several years. Technical indicators...
This pair is overbought, failed to break the 322 resistance 2 times, maybe a head and shoulders pattern so good position for sell. This is just for education, not an invest advice.
Following a reversal from the senior channel on March 18, the common European currency initiated a new wave up against the Hungarian Forint. Despite breaching a five-month trend-line near 313.50 two weeks ago, the pair did not accelerate but has since remained near this line. Given that technical indicators are starting to converge with the price movement on the...
EURHUF long. The exchange rate has completed the correction movement. 0A wave motion begins. The target price is 316.93 HUF. Then the AB correction wave structure can follow. The bottom of which is around 315.52 HUF. Then the second rising wave BC can start, which is the price of 318,96 HUF.
EURHUF Sell Idea @ Weekly Demand Zone (1313.261 - 315.176) Sell Limit: 313.182 Stop Loss: 315.296 Take Profit: 309.033
EURHUF long to 316.43. The exchange rate can create a double-raised rising wave. This first wave may rise to 316.43. Then I expect a correction. The bottom of the correction is 311.72. Then the second wave waveform of the double-wave wave may develop. For this purpose, level 320.32.
EURHUF started corrective action. Correction level of exchange rate 308.8 HUF Up to now we expect the end of decreasing movement. Then again, climb to the 312.96 level. Then repeat correction. The wave for movement is 315,14 HUF
OANDA:EURHUF Safe Trades;
RSI ABOVE 50 + MACD CROSSOVER + TESTED TRENDLINE + BROKEN SHORT TRENDLINE + FIGHTING 200DMA. IF 200DMA IS VIOLATED A NICE LONG TRADE MIGHT TAKE PLACE