EURHUF another descending wave sequence. The current analysis shows that the exchange rate may build another descending fractal sequence (yellow square). It can also be seen that the angle behind the ATR decrease is currently (-66 °), while the previous fractal (-37 °) suggests that the "slope of the decline" will be faster. The target price is still waiting around 320HUF.
EURHUF 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...
The analysis indicates that we have examined the ratio of the last two correction waves. It can be seen that the amplitude of the second wave is half that of the preceding rising correction wave. This tells us that, due to the rules of the fractals, the size of the decreasing main wave that will be formed will be twice that of the preceding decreasing wave...
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...
