The exchange builds on the preparation of a second fractal track. Probably after a downward movement, which can reach the 277 huf level, it can move to another double-wave ascending path. The target for dual wave structure is 288 Huf.
The exchange rate rises. It is currently facing the two most significant fractal points in the past. At the same time, this shaft acts as a resistance shaft. In the event of this breakthrough, a significant gap is expected to weaken the Hungarian forint. As long as the EURHUF has a double wave movement, USDHUF is more likely to expect a stronger wave structure. ...
USDHUF Long ... There are three types of wave structure in the exchange rate. The final wave structure target price is 293.68 HUF. Then I expect a smaller ABC correction, up to the rising ATR axes (purple line). Then if events in Turkey continue to muddle the mood of investors, then a bigger jump from this axis can begin.
USDHUF started corrective action. Two fractal movements can be identified in the exchange rate. In the second fractal I have a growth of 1.68 ATR. From this, the second fractal target is 264.93 HUF. From this level, the rise can continue.
The USDHUF is for correction. The magnitude of the correction wave may be the last part of the previous mainstream wave. If this wave structure develops, the primary wave of the upward wave may be HUF 272. But before you get up, you can go back to around 258.
USDHUF update. The strategy remains unchanged. In our opinion, time has come to a more stable rise. If the idea is correct, the primary purpose of the current movement is 269.36 HUF. There is a correction level there, so we do not expect any further increase from that level. The correction level again shows a stronger re-adjustment up to $ 254.77. Then, from this ...
USDHUF has reached its bottom. In our opinion, the 256 Huf correction axis is expected to slow. It can take up to several days. After that, you can reach the second correction level at 269.24 with a bit more momentum. There is still low traffic at this location and a slight increase, a bigger back correction breaks the impetius. After that, we are expecting a much ...
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