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...
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
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
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.
In the long run, the Hungarian Forint moves on a weakening path. However, I expect further strengthening over a couple of months. Strengthening up to 310HUF can stand against the euro. This is an additional 2.4% increase from the current level.
That Hungarian forint weakens. According to the technical picture, the exchange rate consists of the last two major D1 fractal points. If you cross this shaft, a larger space will open for further reinforcement. Strength can be created in a dual ascending wave structure. The target price for the first rising structure is 332HUF. Then correction follows. Then the...
The exchange rate builds a rising wave structure. It is an extended triple wave structure. Currently, the second wave structure is built. The second wave target price is 331 HUF. Then we are waiting for ABC correction. Graph 1234 indicates a wave structure. Correction can be completed by an ATR axis. The cumulative wave structure may have a target price increase...
EURHUF performs corrective action. This movement is about to end. The exchange rate rises again from around 318.72 HUF. This may be the last wave of elliot. This wave section can be made with steeper movements with greater momentum. The EURHUF target price is around 341.20 HUF.
EURHUF long. The exchange rate has completed the correction movement. 0A wave motion begins. The target price is 316.93 HUF. Then the AB correction wave structure can follow. The bottom of which is around 315.52 HUF. Then the second rising wave BC can start, which is the price of 318,96 HUF.
EURHUF long to 316.43. The exchange rate can create a double-raised rising wave. This first wave may rise to 316.43. Then I expect a correction. The bottom of the correction is 311.72. Then the second wave waveform of the double-wave wave may develop. For this purpose, level 320.32.
EURHUF started corrective action. Correction level of exchange rate 308.8 HUF Up to now we expect the end of decreasing movement. Then again, climb to the 312.96 level. Then repeat correction. The wave for movement is 315,14 HUF
