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USDHUF

USDHUF technically based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 USDHUF technicaly based idea, we can see price is bounce from bottom trend line, candels formation is good bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
by UnknownUnicorn3983388
2
USD/HUF will continue its rally to retest its previous highThe pair will continue its rally to retest its previous high. The US market had a roller coaster ride last month following the threats posed by coronavirus to its economy. Currently, the US had already the largest cases of coronavirus around the world. In response to this, the US Congress approved a $2 trillion stimulus package needed to save the US economy. However, this might be far from over. Last week, the US had the largest jobless claim in history at 3.24 million. The US said it is expecting the number to reach 3.50 million this week. However, analysts expect the number to continue growing after US President Donald Trump said the next two (2) weeks might be the most painful time. The death toll relating to coronavirus is expected to reach 240,000. Despite the negative reports, investors are optimistic about the USD. Trump and the Congress were already discussing the next stimulus package on top of the $2 trillion packages already approved.
Long
by Financebroker
2
USD/HUF will break down from a steep uptrend channel resistanceThe pair will break down from a steep uptrend channel resistance line. Analysts anticipate Hungary to retain its GDP growth of 4.5% in today’s trading session. Hungary is one of the fastest growing economies in the European Union. Its low exposure to the German economy gave investors relief that Budapest will outperform the broader EU economy. Meanwhile, the US is also set to publish its gross domestic product (GDP) report today, February 27. On January 30, Washington published the fourth and final GDP results for 2019. The country was able to tap expectations of 2.1%, which is also the same figures for the third quarter. However, the threat of coronavirus creeps on the report to be published today. The COVID-19 originated from Wuhan, China. As the Chinese government prioritizes the virus, it may not fulfill its obligations under the phase one trade deal with the US. This, in turn, might spark the continuation of the US-China trade war.
Short
by Financebroker
USD/HUF will continue to move higher in the following daysThe pair will continue to move higher in the following days after it broke out from a major resistance line. Donald Trump became the fourth president impeached by the US Congress and the second to dodge it. The House of Representative impeached President Trump last December 18 on grounds of abuse of power and obstruction of congress. This was after his solicited foreign interference in the 2020 US presidential election to help his re-election bid. A phone call with then newly elected Ukrainian President Volodymyr Zelensky was the root of the impeachment. Trump withheld military aid to the NATO (North Atlantic Treaty Organization) applicant and an invitation to the White House. Trump will only revoke it if the Ukrainian president investigates Trump’s opponent’s son, Hunter Biden. Despite strong accusations against him, the House of Senate comes to his aid and acquit him of impeachment.
Long
by Financebroker
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.
by Financebroker
USDHUF: Break-out or Pull back. How to trade.USDHUF is trading on a long term 1M Channel Up (RSI = 59.447, MACD = 6.440, ADX = 46.694, Highs/Lows = 6.8414) since 2019 Q4. Right now it is ahead of a key level the 1D Lower High trend line (dashed). A rejection gets us back to the Higher Low trend line of the 1M Channel Up, while a break out begins a new bullish sequence. Our TP is 311.000 if the break out happens. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
by InvestingScope