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EURHUF

EURHUF // correction has started on H4Hi✋🏽 Price has reached the daily target fibo 238.2 after an extreme hike, and immediately started to show signs on H4 that the correction has started. Target zone is marked by pink. There may nice day trading opportunities in this countertrend, but the best ones come after the break of the countertrend that's about to be built. What do you think??? Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. I JUST REACT! Thanks for reading my analysis!🤘🏽 Remember that trading is a business. SIZE your TRADES according to your risk aversion! ----------------------------------------------------------
Short
by TheMarketFlow
1
EURHUF - Good Example of using Pivot PointsI've been trading for over 7 years and I've come to love pivot points! I see pivot points being used constantly and i just wanted to show you EURHUF on a 15 minute chart as an example. When the US market opened they made big moves around yesterday's price level until it hit the first support level. I use pivots to scalp the market so i can compound my longs and shorts to make up for any losses that may have happened! Pivots are usually only used in day or swing trading on the 1 minute, 5 min and 15 min charts. Zoom out to multiple time frames to check the trend and then take orders only in the direction of the trend to have some confluence going on. Don't just take trades blindly without fully being aware of what's going on. Make sure you read all and any economic news that is out there!! NOTE: Pivots don't always work but for the most part you can see them being used here in real time. (This is just a guide to show you how pivots are used, this is not a trading signal) I don't mind sharing because i want all of us 5% to make some so the big can loose some :)
Education
by JasonLeighton
EURHUF all the way upHi Everyone!✋🏽 EURHUF has triggered the long trade, and it's heading to the targets. Please check the related EURHUF analysis. Happy trading! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! ---------------------------------------------------------------------------- Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion!
Long
by TheMarketFlow
EURHUF Harmonic PatternBeen watching the EURHUF for several months now. as the political/economic situation in the eastern part of Europe gets more and more complicated, could picture this Bullish Harmonic pattern forming against the Hungarian Forint. I know shorting the incomplete harmonic is not recommended, but I believe with a managed risk, you can trade any Idea. Of course, in case of this Harmonic Pattern is completed, I'll be looking for a good long setup toward the 420HUF.
Short
by gotwhatneeded
6
Forint is not out of the woods, yetDespite some modest HUF strenghtening EURHUF looks always bullish as hell. Hungary's central bank MNB announced bigger steps in rate hikes, projecting 8% by the end of the year. Plus, elections coming ahead and none of the results favouring HUF in the short term. Viktor Orban's 4th consecutive win would give HUF a great pressure, assuming the continuation of the forint weakening. A change in the governing political party would lead the country to a really uncharted territory with unknown political actors and measures.
Long
by weirdmoney
6
EURHUF bearish scenario: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 should be around 371.98 if you enter this position. Data-wise, the EU published the Consumer Price Index, which surged to a record high of 4.9% YoY in November, according to preliminary estimates. The core reading printed at 2.6%, much higher than the previous 2%, piling pressure on the European Central Bank to start trimming facilities. On Wednesday, Germany will publish October Retail Sales, expected to have dropped by 2% YoY. Markit will publish the final readings of its Manufacturing PMIs for the EU. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
1
Trampoline to the sky?!🪂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. _____________________________________________________ If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
5
Do it🔥Wolves🔥 Here is the one more trade for you! There is an ascending triangle on EURHUF currency pair. There was a slight bearish trend on bigger frame and now the price is in consolidation. According to Elliott Waves theory all the waves are done and the price is heading to breakout. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
2
Hungary's playing fire with the European UnionThe pair will fail to break out from an uptrend resistance line, sending the pair lower towards its previous low. Hungary is playing fire with the European Union after the country along with Poland vetoed the EU budget of $2.14 trillion over the next seven (7) years. This was following the EU’s stance that the budget allocation can be altered for countries that it found were violating the EU rule of law. This move could delay the much-needed funds from the block towards the EU member states that are hardly hit by the pandemic. On their most recent reports, some EU member states already showed some weakness amidst the second wave of the pandemic. France’s consumer price index (CPI) MoM and YoY reports both posted zero percents growth. Meanwhile, Italy recorded 0.2% and -0.3%, respectively, on the same reports, showing no signs of improvement from their prior report. The delay in the budget will negatively impact the upcoming reports.
Short
by Financebroker
The recover of the European Union with the Visegrad GroupThe pair failed to break out from an uptrend channel resistance line, sending the pair lower. Eastern Europe is leading the recover of the European Union with the Visegrad Group at the forefront. Hungary managed to lessen the country’s unemployment rate from 4.6% in August to 4.4% in September. The recent report represents the second consecutive decline in the country’s unemployment report this year. Aside from this, the $272.00 million increase in the country’s trade balance report will further add strength to the Hungarian forint. On the other hand, western Europe led by Germany and France were mixed in their third-quarter GDP results last week. Germany’s Q3 result was an expansion of 8.2%, beating analysts’ estimates of 7.3% growth. Despite this, the growth in Q3 was lower than the previous quarter’s -9.8%. The opposite is true for France which grew by 18.2% beating both estimates and the previous record of 15.4% and -13.7%, respectively.
Short
by Financebroker