#USDHUF • LONG TF H1 , TP = 361.859 The trend continues, the nearest support level according to my calculations TP = 361.859
4H Corrective approach towards entry zone . -68 Fibonacci completion aligning with entry zone. Ascending trend line holding up the price. = Buy limit. DXY makes sense for a Long as well. 1% risk.
Ukraine's halt on oil transit from Russia's Lukoil throws Hungary's energy security into question. With reliance on the Druzhba pipeline for 70% of its oil, Hungary faces a shortage and potential price hikes. This disruption is poised to trigger a domino effect: rising energy costs, inflationary pressures, and a widening trade deficit due to increased import...
Inflation induced rate differentials over nominal exchange rates drove a steady (almost uniform) overvaluation of the Central European Currencies vs. the USD. With present premiums around +10% a swift, near term correction is ever more likely. LONG USDHUF, USDPLN, USDRON, USDCZK
This is a no-holds-bared, unmitigated, lock-and-load - and do it now! -, scenario. It does not get any easier than this, not even in the EUR/USD. The Hungarian Forint is staring at a massacre, with immediate effect. (... despite the fact that I applaud Victor Orban, the Hungarian Prime. Nevertheless, he has nothing left to work with. Simultaneously, he (still)...
Hey guys, I'm new here, but just wanted to confirm some of my recently learned knowledge. Based on the first kiss (Naked Forex) principle, I went back on the charts and found this pattern on US dollar v Hungarian Forint. I noticed that between the 28th of April and the 18th of May, this pair was consolidating. A very strong support and resistance zone was created...
One vehicle how you can short or long the dollar is the USDHUF. The USDHUF mirrors the DXY moves pretty well. Though watching the FIB retracement we are at no man's land : the Fibonacci 61,8% is still 10 HUF away: we have important levels at 354.738, 352.993, and 351.248. I don't think price will break these levels at the first try. If we can bounce from...
USDHUF $USDHUF Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
close to complete the minor wave, nice fractal movement, TP 320.00
We need more confirmation, but the strong USD fundamentals are suggests upward movement
Mid to long term trade idea. This pair is in a bullish flag. For the USD to cost only 284 is more than a bargain price to load up on dollars against the forint. Also confluence is the retracement to Fib 0.382 of the bull run that started in 2018. I think there is not a better setup to make some good money. Price however may hit 280 so I wouldn’t place stop loss at...
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:...
USDHUF - 📌 SIGNAL buy limit 290.791 SL 289.211 (1570PIPS) TP1 294.526 (3724PIPS) TP2 297.683 (6892PIPS)
USDHUF SIGNAL buy limit 291.416 SL 289.869 (1547PIPS) TP1 294.526 (3130PIPS) TP2 297.683 (6267PIPS)
USDHUF has been consolidating, as always we buy LOW and sell High , we will be waiting for price to reach on the Support before taking a long with a nice and good risk to reward ratio
Correction wave structure. On the USDHUF pair, I would like to show how the structure of the correction wave develops. If we look at the figure, it can be seen that the size of the descending wave structure indicated by the red line is the same. At the end of each descending wave structure, there is a correction wave marked "A". We also see that the correction...
WE CAN WAIT FOR BEARISH ENGULFING BAR AND WE WILL ENTER THE TRADE INSHALLAH