USDHUF trade ideas
USDHUF technically based forecast
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💡 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.
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USDHUF ShortThe Hungarian government will publish its economic stimulus on Monday or Tuesday ( 04.06.-04.07).
Plus, last week the MNB just intervened, which will raise the price of short bets against the Hungarian currency.
In my opinion, this will calm the investors a little bit.
If it turns down, then a nice Head and Shoulder pattern will form.
My target price for a short,-midterm is around 319.9
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.