EURHUFA head and shoulder has been formed. A clear sell off in the long run, with proper risk management and a good risk-reward management this pair can be shorted.by PFSA114
EURHUF at the resets of the channel 🦐The market as we expected went to retest the dynamic trend line of the channel on the 4h timeframe. On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel. At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios: - If the market will break above the upper structure we can look for a long position with a TP around the 350 level - If the market will break below the blue structure we can set a short order with a TP around the lower trend line of the channel. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.by InkyGrip4
EURHUF Weekly demand zoneStrong imbalance on the weekly created fresh demand zones. Going shorts is not a good idea. We have to be patient to wait for price to retrace back into the zone where we will be looking to go long.Longby nii_kwaatei_niatse3
Impulsive movement waiting for us.Daily time frame market not complete. So when the market pullback complete to the previous structure. I think market going again impulsive movementby ALIENMARKET6
EURHUF Trading Plan SELL - Riks Reward 1:3EURHUF Trading Plan SELL - Riks Reward 1:3Shortby ekopurdana4
EURHUF Trading Plan BUY - Riks Reward 1:3++EURHUF Trading Plan BUY - Riks Reward 1:3++Longby ekopurdanaUpdated 4
EURHUF Short - daily, 4H, 3min analysisWe are expecting EURHUF to go down. Check the chart for more infoShortby axrorbekfx6
EUR/HUFThe market clearly shifted to a bearish market after a period of overbought. The 2 Ema cross and is now pointing to go back in the channel.Shortby telespep5
The Hungarian forint is deep troubleThe Hungarian forint is deep trouble. The HUF lost all its strength following the crash of the Hungarian Manufacturing PMI. Following the record low data from the said report, bulls immediately took advantage, forcing the EURHUF pair higher. Aside from the crucial data, the forint fell to its weakest levels due to the global risk-off sentiment. Unfortunately for Hungary, its manufacturing activity collapses to levels weaker than what it experienced back in the 2008-2009 Financial Crisis. The Hungarian manufacturing data collapsed from 50.1% on the prior month to just 29.1% in March. The results show the initial impact of the virus on the sector. Investors of the Hungarian forint were gravely disappointed as the results came in way worse than projections of 47%. To put things into perspective, back in the 2008-2009 Financial Crisis, the Hungarian manufacturing PMI only dropped to 40%, and considering its drop now, it’s drastically worse.Longby Financebroker5
EURHUFRisky as SL is a bit huge. We wish to see one last Push his to minimize our risk.Educationby bxoleloUpdated 0
EUR HUF huge massive upside potential Huge potential right now so long it play the uptrend and lock in on the way up lots of momentum and strong support to go up Longby Forex_Classifieds4
EUR/HUF bounced back from a key support lineThe pair bounced back from a key support line, sending the pair higher towards its previous high. The Nemzeti Bank, Hungary’s central bank, hold onto its current benchmark interest rate of 0.90%. This was despite investors’ concern on Hungary’s surging inflation. Hungary is one of the fastest growing economies in the European Union. However, the country also holds the record for the largest inflation among EU member states in 2019. Brexit Party leader Nigel Farage predicts Italy, Denmark, and Poland to be next countries to exit the European Union. However, Hungary is not on the list. This was despite Hungary being the leader of the eastern and nationalist bloc, the Visegrad Group. Analysts claim that the reason for its exclusion was its dependency on the EU funds. Moreover, Hungary is holding the Enlargement Portfolio of the European Union. This ensures that the opposition to the Germany-Franco leadership will not be the first to secede.Longby Financebroker3