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Euro / Hungarian Forint

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EURHUF trade ideas

EURHUF Short-term buy signal.The EURHUF pair is attempting to form a new short-term bottom just below the 1D MA50 (blue trend-line) and based on the previous two of August and July, is should take another week to do so. Buy once Friday's Low is re-tested and target the top (Lower Highs trend-line) of the long-term Triangle at 397.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Trading Signal Alert: EURHUFDirection: Sell Enter Price: 394.09 Take Profit: 393.263 Stop Loss: 395.018 We are issuing a sell signal for the EURHUF currency pair, supported by our advanced EASY Quantum Ai strategy. Key factors influencing this prediction include: 1. Trend Analysis: Recent technical indicators highlight a bearish trend. The EURHUF has shown resistance at higher levels and appears to be reversing its direction towards lower support levels. 2. Macroeconomic Factors: Economic data from the Eurozone and Hungary suggests increasing economic strength in Hungary relative to the Eurozone in the short term, which is expected to favour the HUF and weaken the EUR. 3. Market Sentiment: Traders are currently bearish on the EUR based on recent economic forecasts and investor sentiment. Considering the above factors, we recommend entering the market at 394.09 with a target price of 393.263. To manage risk, place a stop loss at 395.018. Trade wisely and always ensure to conduct your own analysis before entering any trade.
Short
by ForexRobotEasy
EUR/HUF BUYKey Factors Influencing EUR/HUF: Interest Rates: Decisions by the European Central Bank (ECB) and the Hungarian National Bank (MNB) significantly impact the exchange rate. Higher interest rates in Hungary can strengthen the forint against the euro. Inflation: Higher inflation in Hungary can weaken the forint, while low inflation can have the opposite effect. Economic Growth: The relative economic performance of the Eurozone and Hungary affects the exchange rate. Stronger growth in the Eurozone may strengthen the euro against the forint. Political and Global Risks: Political stability in both regions and global economic conditions can lead to volatility in the EUR/HUF exchange rate. Overall, the EUR/HUF is influenced by a mix of economic, political, and market factors, both locally and globally.
Long
by xMoranTomx
2
EUR/HUF IdeaThe EUR/HUF exchange rate has shown volatility, with the euro generally appreciating against the forint. This trend has been influenced by high inflation in Hungary and global economic uncertainties, which have favored the euro as a safer currency. Key Factors Monetary Policy: The divergence between the European Central Bank's (ECB) tightening and the Magyar Nemzeti Bank's (MNB) efforts to control inflation impacts the rate. Economic Data: Indicators like GDP growth and inflation from both the Eurozone and Hungary influence the currency pair. Geopolitical Issues: EU-Hungary relations and other geopolitical events can affect the forint's stability. Outlook The future of the EUR/HUF exchange rate remains uncertain. If the ECB continues to raise rates and Hungary's inflation remains high, the euro may strengthen further. Conversely, improved economic conditions in Hungary could lead to a stronger forint. But so far we have not managed to break through the 400 level, so I expect the direction shown in the picture.
Long
by xMoranTomx
1
EURHUF 1D MA50 buy entry.The EURHUF pair has been trading within a Triangle pattern, which based on the highly symmtric structure of the 1D RSI, may break above its top (Higher Highs trend-line) and transition into a more aggressive Rising Wedge (diveging Higher Highs). The last Higher Low was priced below the 1D MA50 (blue trend-line) and since the RSI's Channel Down shows we are on the level where the final Low will be priced, we expect a strong rebound next. The previous Higher High was priced a little below the 1.236 Fibonacci extension. As a result, we set a 403.000 Target (on the diverging Higher Highs and marginally below the 1.236 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURHUF Sell the bounce.The EURHUF pair gave us a strong sell signal last time we made a call on it (October 13 2023, see chart below) as it made the bearish break-out below the Triangle and breached through Support 2: The price is now approaching the 1D MA200 (orange trend-line), which has been supporting since January 17. The short-term pattern is a Channel Down, a Bearish Leg similar to October - November 2023. As a result, we are waiting for a potential bounce and sell on the next 1D MA50 (blue trend-line) contact. Our Target will be the bottom (Higher Lows trend-line) of the Triangle at 384.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURHUF to the upside---------------EURHUF LONG--------------- Regarding to this "exotic" currency pair I can tell I am already in a long position with 3 trades at average price 392.17. In the long run I expect more HUF weakness but first we can go lower to 385-383 area where I plan to add 2 more trades and I am finished with the whole position building and I will be waiting for higher price around 405-407 where I will very likely close the 80-90% of the trade. Rest I will leave to give it a chance if course wants to go even higher. But above 410 or rather 415 I will consider to start building a short position. As of now I am bullish on this pair. Of course I can be wrong and there is a possibility to go down 370ish levels. This is not a financial advice, do your own research and analysis!
Long
by Szuperpotyka
1
EURHUF: Bullish reversal imminent.EURHUF is bearish on the 1D timeframe (RSI = 35.270, MACD = -1.570, ADX = 36.402) after being rejected on a Double Top on the R1 level (394.675). The downtrend crossed under both the 1D MA50 and 1D MA200 and is approaching the S1-S1 Zone, above the HL trendline. This is a major buy zone as the 1D RSI also touched the bottom of its Channel Down. We expect a bullish reversal similar to the one followed the August 30th Low. Target the R1 level again (TP = 394.675). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope