Since I live in Hungary, I get first-hand information about the economy. The HUF is predicted to be long in the long term. If you want to make some money, it might be worth shorting to the line and then longing and we will go above 400.
USDHUF is bearish on the 1D technical outlook (RSI = 37.886, MACD = -2.380, ADX = 36.722) as it has been on the decline since October 4th. This selling sequence has stopped exactly at the bottom of the Channel Up pattern, with the 1D MA200 holding precisely for five straight days. As long as it holds, it is a buy signal and we are targeting the R1 level (TP =...
EURHUF is bearish on the 1D timeframe (RSI = 35.270, MACD = -1.570, ADX = 36.402) after being rejected on a Double Top on the R1 level (394.675). The downtrend crossed under both the 1D MA50 and 1D MA200 and is approaching the S1-S1 Zone, above the HL trendline. This is a major buy zone as the 1D RSI also touched the bottom of its Channel Down. We expect a bullish...
The USDHUF pair is trading within a Channel Up pattern, currently extending the bearish leg after a Higher Low on Resistance 1 (375.600). The previous bearish leg hit the 1D MA50 (blue trend-line) and then rebounded, so we are expecting a similar development. As long as the pair is closing the 1D candles above the 1D MA50, we will be bullish, targeting Resistance...
The EURHUF pair is on a peculiar Ascending Triangle pattern, currently supported by the 1D MA50 (blue trend-line) near the Higher Lows. The 1D RSI is on a Higher Lows trend-line of its own and as long as those hold, we are bullish, targeting 394.6500 (Resistance 1). If a 1D candle breaks and closes below the 1D MA50, we will take the small loss and open a sell...
For the last months, the Turkish lira has been traded near the all-time lows against USD. I think that demand for the lira would shift soon, and it would trigger a breakout of resistance of 18.7 with the first psychological price target of TRY 20 for 1 USD with consolidation near 25 in the second half of the year. In terms of technical analysis, I do not see any...
Do to the huge gap in interest rates between the EUR and the HUF it seems like it will only be a matter of time before a bearish pattern like this were to play out. This is simply just me revisiting the chart as we have gotten both a Bearish Backtest of the old uptrend and have broken through the neckline of the Bearish Head and Shoulders.
Do to the huge gap in interest rates between the EUR and the HUF it seems like it will only be a matter of time before a bearish pattern like this were to play out.
Hello everyone, if you like the idea, do not forget to support with a like and follow. USDHUF is sitting around a daily resistance in blue so we will be looking for sell setups. on H4: USDHUF formed a head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to prove control again. Trigger => Waiting for a momentum candle...
Based on the monthly, weekly, daily trend analysis + Fibonacci I think EURHUF pair will drop to 356.8.
After the test of the 0.618 Fibonacci level at the 330 area, CHFHUF has turned into a bearish scenario. The price is now testing a weekly trendline above a support and according to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
After not entering at the most aggressive area for our structure based trade, I waited all week for UH to set up with a more defined direction and seems to be we will be speculating for an exhaustion entry following our 3:1 ratio.
PA has gotten to a major level of structure where price has reversed multiple times with significant pushes to either side of the market, I'm willing to let price action set itself of for a Long opportunity for this upcoming week and next, possible 2 week hold if price decides to respect the swap lv. and Bulls enter this pair with the same kind of force.
CHFHUF on the 4h chart after the bounce on the weekly support created a strong bullish impulse. According to Plancton's strategy if the market will break above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure...
CHFHUF on the 4h chart is moving on a wide range between 2 major structures. The price after breaking below the ascending trendline is now testing and bounces over a weekly support. According to Plancton's strategy when the price will break below, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
USD / HUF broke out of the upward support level opening the path till 276 HUF / USD support level. I expect the support to hold the price and putting back the price to the middle of the regression channel