Bullish!EURHUF is creating HH's and HL's so opening a long position here with a stoploss below the trend line.
EURHUF trade ideas
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.
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EURHUF possible short positionBased on the monthly, weekly, daily trend analysis + Fibonacci I think EURHUF pair will drop to 356.8.
EURHUF - Long term (days and week)EURHUF - Long term (days and weekly)
bottom - right side upper
(short term : short RSI)
EURHUF Bearish Divergence Bearish histogram divergence is evident on MACD histogram for EURHUF pair also a rising wedge and stochastic at overbought region confirm it.
EURHUF Right Shoulder Short Entry At 200 Moving AverageWe have a bearish MACD crossing with bearish divergence on both the RSI and MACD at the area of a potential right shoulder to a head and shoulders pattern and the 200 moving average.
EURHUF LongDOW Theory applied on EURHUF pair for trend analysis. Strategy is to take long and wait for new high high formation
Controversial signs on the daily chart.Soon, I have to buy some euro, and I have decided to make some analysis on it.
Hope it will be helpful to you.
As the title said, we have some contentious signs. The price is stuck between the S1 and P-Pivot points. The MACD indicator shows weakening bearish momentum, but the RSI indicates that we will have continuation downwards.
At this point it could be anything, so I marked the 2 most likely scenarios on the chart.
The only thing we can do is wait and pay close attention!
im waiting for a retest to complete im waiting for bullish reversal patterns plus candle stick pattern b4 I buy, if u're applying fibonacci retracement u should c that the market is at 61.8% zone right now.
EUR-HUF hit historic over sold on weekly rsiHistoric over sold on weekly only one time it did not increase 3-7% after it hit these levels of over sold. It broke a 3 touch point decending resistance. On the gbphuf and usdhuf it made a higher high. And huf have 5% inflation with historically having very bad inflation problems.
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.
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Smart Money - POI Confirmation Entry (2 Step Method)See chart for explanation. Add confluences such as liquidity pools below OB or an OB that clearly took liquidity.
EURHUF triangle breakout in August?368.5 can become a short squeeze with violent burst towards the upside.
EURHUF weekly chart I see both technically and fundamentally and increasing chance of EUR breaking to the upside of this ascending triangle.
Fundamentals
record high covid contamination (regionally and historically),
Orban's Fidesz leaves EPP,
increasing inflation
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".
