USDHUF Exponential Moving Average and Trend Line Foreign Currency
Trend: Up
Level: Diagonal Level, EMA 10 Level, EMA 20 Level
Hungarianforint
USD HUF BUY (US DOLLAR - HUNGARIAN FORINT)Hi there. Price is forming a reversal pattern to change its direction.
Wait for the price to complete the pattern and watch strong price action for buy.
USD HUF SELL (US DOLLAR - HUNGARIAN FORINT)Hi there. Price is forming a possible continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
USD HUF SELL (US DOLLAR - HUNGARIAN FORINT)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
USD HUF SELL (US DOLLAR - HUNGARIAN FORINT)Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell.
USD/HUF will continue its rallyThe pair will continue its rally, sending the pair higher towards an uptrend resistance line. As the US-EU relationship falters, America has found a friend from a member state. Hungary’s populist leader has been making noise inside the bloc with his populist government. He led the rise of the Visegrad Group, an eastern bloc inside the European Union. Together, they pressured the Germano-Franco alliance in giving up some of their powers. The election of the European Commission president, Ursula von der Leyen, saw a bigger role for the V4 nations. Hungary got a vice-presidential position, holding the EU Enlargement portfolio. The country’s plan to include countries of the former Yugoslavia had created tension with French President Emmanuel Macron. Hungary is now calling for the EU to clarify its position in Iran and to move closer to the United States. The US was able to establish its influence with the Visegrad Group.
Maybe time for a reversal on the Euro/Hungarian Forint?The Hungarian forint recently created new lows against the euro.
Seeing as the move is overextended I will be waiting for a major breakout, retest and then continuation to the downside respectively to decide the trading position for me.
Daily is still bullish so I will prefer a very bearish daily candle before I decide to slide down with price action.
EURHUF short on dailyI think the Hungarian Forint strengthening against Euro, and the price is at very high level, so this is a good entry for open short positions on EUR/HUF pair
USD HUF SELL (US DOLLAR - HUNGARIAN FORINT)Hi there. Price hasn't moved to the top of the pattern. Currently is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
CHF/SGD 4-HOUR TIMEFRAME LONGPrices on the CHF/SGD broke out of a interim downtrend on the daily chart, and we can anticipate further upwards movement. Price could find support on the 1.3650 if it forms a correctional structure in the form of a bear flag pattern, and then continue higher. Proper risk management is key especially when trading exotic currencies since there are huge margin requirements and they can be very volatile.
