As you might know Hungary is at the 2nd place in Covid vaccination in Europe.
As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 .
It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again.
Indicators:
MACD, TSI crossing over , RSI left the oversold territory.
As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 .
It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again.
Indicators:
MACD, TSI crossing over , RSI left the oversold territory.
Note
Adding to the long position in the undercut daily candle:Note
Divergence forming with a possible MACD cross
Note
Trade closed manually
Closing the trade ahead of theFOMC meeting
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.