In this pair, technical analysis shows a technical figure Flag. The Flag broke through the support line on 01/12/2021. EURHUF is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 6 days with a target of 361.08. According to the experts, your stop loss...
Based on the monthly, weekly, daily trend analysis + Fibonacci I think EURHUF pair will drop to 356.8.
EURHUF - Long term (days and weekly) bottom - right side upper (short term : short RSI)
Bearish histogram divergence is evident on MACD histogram for EURHUF pair also a rising wedge and stochastic at overbought region confirm it.
We have a bearish MACD crossing with bearish divergence on both the RSI and MACD at the area of a potential right shoulder to a head and shoulders pattern and the 200 moving average.
my humble analysis on EURHUF , short term trade Idea
DOW Theory applied on EURHUF pair for trend analysis. Strategy is to take long and wait for new high high formation
Soon, I have to buy some euro, and I have decided to make some analysis on it. Hope it will be helpful to you. As the title said, we have some contentious signs. The price is stuck between the S1 and P-Pivot points. The MACD indicator shows weakening bearish momentum, but the RSI indicates that we will have continuation downwards. At this point it could be...
im waiting for bullish reversal patterns plus candle stick pattern b4 I buy, if u're applying fibonacci retracement u should c that the market is at 61.8% zone right now.
Historic over sold on weekly only one time it did not increase 3-7% after it hit these levels of over sold. It broke a 3 touch point decending resistance. On the gbphuf and usdhuf it made a higher high. And huf have 5% inflation with historically having very bad inflation problems.
Hurray, my friends🔥 There is one more interesting formation for today. Ascending Triangle on EUR/HUF currency pair. There was a strong and confident bullish sentiment before. According to Elliott Waves theory all the waves are done and now the price is heading to the breakout. So follow the chart and look for the breakout carefully....
See chart for explanation. Add confluences such as liquidity pools below OB or an OB that clearly took liquidity.
368.5 can become a short squeeze with violent burst towards the upside.
I see both technically and fundamentally and increasing chance of EUR breaking to the upside of this ascending triangle. Fundamentals record high covid contamination (regionally and historically), Orban's Fidesz leaves EPP, increasing inflation