Kumowizard

USDHUF - Waiting for a clear Kumo break on top side

Long
FX:USDHUF   U.S. Dollar / Hungarian Forint
1
Then we'll have a new tgt of 228-232 again.

As you see, this has been less bearish, what's more, has been printing mild bullish signals since mid May.

T/K bullish, Kijun retests three times held the price, may be trading out of the Cloud soon.
MACD, DMI, Slow Stoch bullish.

Please see the link below to EURHUF.

So if someone thinks about HUF shorts, I think the game is rather USDHUF. At least, now that looks technically a bit more prudent.

Recommendation: Buy it on dips between 221-222, add to longs on break above 224,80.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.