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Euro/Hungarian Forint

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EURHUF trade ideas

EUR/HUF bounced back from a key support lineThe pair bounced back from a key support line, sending the pair higher towards its previous high. The Nemzeti Bank, Hungary’s central bank, hold onto its current benchmark interest rate of 0.90%. This was despite investors’ concern on Hungary’s surging inflation. Hungary is one of the fastest growing economies in the European Union. However, the country also holds the record for the largest inflation among EU member states in 2019. Brexit Party leader Nigel Farage predicts Italy, Denmark, and Poland to be next countries to exit the European Union. However, Hungary is not on the list. This was despite Hungary being the leader of the eastern and nationalist bloc, the Visegrad Group. Analysts claim that the reason for its exclusion was its dependency on the EU funds. Moreover, Hungary is holding the Enlargement Portfolio of the European Union. This ensures that the opposition to the Germany-Franco leadership will not be the first to secede.
Long
by Financebroker
EUR/HUF will reverse back in the following daysThe pair will reverse back in the following days towards a key support line. The UK, 5th largest economy in the world and 2nd in Europe, officially withdraw from the EU on January 31. Brexit Party leader Nigel Farage predict the collapse of the European Union in ten (10) years. The comment came on his last day in the EU Parliament, just two (2) days before the UK leaves. The comment is timely as the eastern bloc rallies against the Germano-Franco leadership in the bloc. It also came during the time when Germany and France’s economy is experiencing a slowdown. The two (2) countries will report their export and import figures for the month of January today, February 07. December’s results were disappointing, showing figures for the trade balance declining. This means that imports are higher than exports, a negative sign for the euro. Hungary and its fellow V4 members were the countries with the highest economic growth in the EU.
Short
by Financebroker
EURHUF further decline. TP 323,85 HUFEURHUF further decline. TP $ 76.00 Hungarian Forint May Start Strengthening Again According to my technical theory, the exchange rate crossed two more powerful levels. At the intersection of the two moving average levels, the exchange built a fractal. The fractal built on the moving average curve (MA100) below is twice the size of the fractal built on the previous moving average value curve (MA50). From this, I conclude that the response to correction fractals may be doubled in the preceding descending wave sequence. If the analysis is correct, further forint appreciation is expected. The target price is 323,85 HUF
Short
by meszaros
3
EXOTICS ARE SCARED TOO :) PENGUINS LOOK AT EURHUF 7/12/2019 Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy
2
EURHUF before falling... Target price 322.11 In the analysis, I applied two rules at the same time. The fractal rules tell me that the second correction of the exchange rate is half the size of the previous fractal. In the present case, this may mean that the fractal size of the resulting response is doubled. This can be confirmed by the second rule. Currently, exchange rates move symmetrically over the two MA axes. Therefore, it is expected that the exchange rate for the MA (200) axis will move at the same distance as it did for the MA (50) axis. This is illustrated by the yellow square.
Short
by meszaros
3
EURHUF: Strong long opportunity on the 1W Channel Up.The pair has been trading on a very strong and steady 1W Channel Up since April and has just hit the Higher Low supporting trend line (RSI = 53.917, MACD = 2.461, ADX = 44.042, Highs/Lows = 0.0000). This makes it an automatic buy opportunity for us, especially since the RSI on the 1D time frame nearly hit 30.000 and rebounded. Our Target Zone is 338.000 - 340.000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope