I see more signals which suggest that those who have been long term bullish for USDHUF should start to reconsider the upside of their strategic long positions.
Weekly:
- Ichimoku setup is bullish, but as price could not make a higher high so far this year (since the March top above 290), Chikou Span got very close to past candles. Tenkan and Kijun stay very close...
I am becoming more and more bearish biased generally on USD, at least looking forward to the next few months. The more USD crosses I look at, the more I feel we are ahead of a major global USD correction. Of course it will be all about the big question of "FED rate hike, hike later, no hike?". My personal feeling is that we will not see a hike in June, maybe we...
Daily:
- Red HA candles, haDelta below SMA3, both below zero line.
- Oscillator turned bearish, MACD is bearish too.
- Supports (also possible short term swing tgts) are 268,80 and 262,50
4H:
- The consolidation may finally end in a bearish Kumo breakout. Tenkan/Kijun medium bearish, Chikou Span
- Candles are not decisive enough (tight range in last few days),...
Daily:
- Ichimoku setup is long term bullish
- Heiken Ashi candles are rather neutral. two reds, two greens, two dojis, one green -> consolidation pattern
- haDelta is still bullish biased as long as it's above zero line, Oscillator is bullish too, but MACD is still in bearish cross
- Price should break above range top within next few days to be able to continue...
Weekly chart here A bit dangerous because of the resistance area ahead, but nothing bearish on the chart.
The daily chart rejected value once again, with a very bullish candle. Value and major support are overlapping. Entered a small long position. My stop is under the bullish candle, and it is a soft stop.
It seems some general USD correction may take place now, while HUF itself was under pressure due to Ukraine-Russia tension, which also may ease a bit. This means probably we'll see some bigger swing down in EURHUF.
Daily: The long term Ichimoku setup is still bullish, but MACD has some negative divergence already compared to Price. Both MACD and Slow Stoch may...
If price stays below White ML & Lower Parallel on Major Schiff Fork by Friday good short opportunity. If they fall below green Reaction Line.....Odds go up. Let's keep a close watch.
Daily: the trend is bullish, Ichimoku components support the trend, with mentionning Chikou Span which may hit the Price wall soon unless we see a further momentum push Price higher within next 5-6 days.
Why I think a pull back is possible? Slow Stoch giving a sell signal soon, with MACD turning bearish again. Also DMI converging a bit with ADX decreasing a bit....
Daily: Long term Ichimoku setup is bullish. But it has printed a Hangin Man and a Doji in last two days. It can be either a further bullish flag building, or a confirming signal that the top is building here ard 235-236 for now. Slow Sotch is bearish, MACD gave a sell signal. Today Hungary's GDP was higher than expected. (3,9 % vs 3,5 % exp.)
Equilibrium price is...
This move and its depth depends on two components. EURHUF and EURUSD.
Fundamentals:
After yesterdays NBH comment the pressure on HUF started to ease. Fundamentally I don't see any possible local trigger, that could blow up the HUF now in next few months (Autumn might be a different story, but thats far away).
- NBH finished with easing cycle, they gave a...
Daily: Ichimoku setup is bullish - Price is above Kumo, T/K up, future Kumo bullish. The only missing part is Chikou Span to come over the cloud too. Also Senkou B (orange line of the Kumo) is flat both actually and in the future. This often attracts the price, so looking at 4 Hrs setup too, it is not impossible that we may see this swing down to ard 222 level....
Then we'll have a new tgt of 228-232 again.
As you see, this has been less bearish, what's more, has been printing mild bullish signals since mid May.
T/K bullish, Kijun retests three times held the price, may be trading out of the Cloud soon.
MACD, DMI, Slow Stoch bullish.
Please see the link below to EURHUF.
So if someone thinks about HUF shorts, I think the...
