EURHUF short on dailyI think the Hungarian Forint strengthening against Euro, and the price is at very high level, so this is a good entry for open short positions on EUR/HUF pair
EURHUF trade ideas
EURHUF Short BiasHello everyone!
This is eurhuf update. Recently when we suppose to post this idea. the price was nearly that daily cp of supply but that is now declined and rejected.
Eurhuf just over bought and confirming the h4 supply level nested in the daily and weekly supply area. So in shortly we may see a good drop.
Happy Trading
Eurhuf Short BiasWelcome to everyone!
Here is the EurHuf analysis.
we see CP 1 caused the break of previous demand weak area which is in shortly will be broken. Prices just reacted that strong CP of Supply. So short bias right now.
Happy Trading
EURHUF before 2.21% decrease... I do not change the basic findings of my previous analysis. I only modify the path of movement. The EURHUF exchange rate builds on a second fractal. Wave theory can be used to end a correction wave of a double wave structure. If the analysis is correct, the exchange rate may start to fall from near current levels. Target price 317,6 HUF
EURHUF before 2.5% decrease... In the movement of the exchange rate, a picture of an evolving fractal wave can be seen. The percentage of movements identified so far is 1: 1 fractal. If this theory continues, the exchange rate may weaken from the current level to 2.5%. In other words, the Hungarian forint can start to gain 2.5%. The target price of the Hungarian Forint is 314.64 HUF
Long EURHUFMonthly demand in control. To go long
Weekly downtrend broken, new candle close away from the trend, created a new demand zone. To go long
Daily uptrend. Buy at retracement, target all time highest close.
EURHUF before 1.9% increase... The exchange builds on the second rising wave structure. This wave structure may be the second member of the first fractal structure (yellow rectangle). If the analysis is correct, the target price increase is 328.34 Huf.
EURHUF Short SignalPattern: Channel Down on 1W.
Signal: Bearish after a Lower High was made near 323.000.
Target: (A) 319.000, (B) 317.350.
EURHUF to breakout or one more down?Hello, Traders. EURHUF seems to be interesting as it is at a point whereby we might see one more down or a breakout. Look for any impulsive move, and get in after the price has formed a correction.
Happy trading, guys.
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EURHUF Short Tgt at Fib RetracementAs per LBLS Indicator and Volume the bull move is near the resistance price will fall back to .382 levels.
Target can be 319.848
Stop 320.349
Strength meters shows weak strength on the bull side and short strength meters are forming now.
EURHUF - towards 61.8Fundamentals
-HUN eco data is continuously beating expectations, inflation above MNB expectation (3.8%) -> MNB reluctant to raise rates, still dovish -> no real interest on HUF
Technical
-Channel break
-Clear resistance at D1 61.8% Fib level
A Bullish Kumo breakout is possible soonSee the ellipse marks, and check the price action. A close above 322 will open space to 335+.
Don't worry, National Bank and Government is on your side with their inflationary policy.
EURHUF Long-term Sell SignalPattern: 1W Channel Down.
Signal: Bearish as the price is entering the Lower High zone.
Target: TP(1) 317.650, TP(2) 312.000.
EURHUFThere is no European city that offers the lowest cost of living and a modern lifestyle in a beautiful environment with historical monuments as uniquely as Budapest. A weak Forint supports tourism, although maybe the less sustainable cheap-tourism, and with an all-time EURHUF-high of 331,78 in summer 2018 it may have reached a point for a retrace. Although Hungary´s economy looks as if it is growing stable (increase in GDP, less unemployment, rising building costs) poverty in rural areas is rising faster than ten years ago, and people are not only moving to the capital but are also leaving the country for higher income. Companys that came to Hungary because of low taxes and wages now see more and more strikes and depressed work mentality. At a certain point, a low wage cannot compensate the productivity and it weakens the country in the long term. To find a balance for this "buy out" economists forecast the EURHUF to go back to an average of around 280. From the technical point of few, this may come in the next years. In the 10y supercycle, we still see an uptrend with lows getting weaker since 2015. There is potential for a breakout to cross 333 in the next month, or, and this more likely in my opinion, we will see a retrace to 305 after short-period highs around 324. For the summer I have chosen to go short. Stop 333, Target 300-305, timing: End of September 2019. This is not a forecast, it is just an idea for further happy little accidents :) Cheers
EURHUF H4 Double Top EURHUF in downtrend since June 2018
Double top forming on the H4
Wait for price action to go short
EURHUF: Sell opportunity on 1D.The pair is trading on a long term 1W Channel Down (RSI = 35.120, MACD = -1.016, Highs/Lows = -3.0639, B/BP = -4.7280). A recurring sequence inside this pattern indicates that the current bearish leg still has some downside left before making a Lower Low. Our TP is 312.700.
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