USD buy in with HUFNext opportunity to buy USD with HUF is around 350-353 and sell around 360-363 (narrow green line is the short term support, wide yellow is the long term channel)
USDHUX trade ideas
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%.
The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine.
Spotlight on the currencies of Ukraine’s neighbours
The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022.
The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%.
Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
USDHUF Forecast: 12.10% IncreaseEntry Price 328.320 Take Profit Price 368.058
Broken Level
Retested Level
very nice pattern help3 of a 3 of a 3...
let's prepare for a hectic, tricky buy the dip session in the rest of the year
Elliott wave analysis - Swing trade Hello everyone,
This is my prediction for the pair USDHUF, based on Elliot waves and Fibonacci Retracement.
Remember that price action and account management is your choice.
Good Luck.
USDHUF update #4 - On the road to 350The hungarian forint is one of the best influenced currency by the ukrainian conflict. I'm not suprised by this price action, brace yourself for more long entry. Bullish, than bearish.
USDHUF update #3 - On the road to 350.00Bearish, than bullish. On the way to make the base of an impulse wave.
USDHUF 16/02/2022Monthly:
Bullish M, rejecting previous structure
Bearish wick got filled
Weekly:
Big bullish M
False break, we formed a double bottom with the adjusted zone
Daily:
Retest level
Daily bullish candle with wick could get filled
4H:
inv h&s
USDHUF update #2 - On the road to 350.00nice and strong breakout, now wait for the correction, then bullish
USDHUF shortI want to short the USDHUF after a break of this trendline with H4 close. The close price is the most important point of this trade, so pls don't just put a order on the price I have in the Idea. We also see the relativ strength of the uptrend decreasing.
Best regards
-8z4U
On the road to 350. USDHUF update #1close to complete the minor wave, nice fractal movement, TP 320.00
USDHUF SWING SETUP📊 USDHUF Buying SETUP
USDHUF is following the trend line and this is 3rd rejection from the trend line, and also RSI is looking bullish and i drawn the fibonacci Retracement so on fibonacci the market is rejected from golden Zone 0.414 Lavel.
⚠️ This is not a financial advice this is just my Analysis.
USDHUF: bearish, then bullishWe need more confirmation, but the strong USD fundamentals are suggests upward movement
Difficult times for the HUFBUY USD/HUF: classique rally with massive USD LONG fundamentals and very confused hungarian politics before the spring elections. TP 350
Shorting forint is always a profitable ideaOne of the strongest currencies like forint goes wild against the poor USD
USDHUF!Looks like a big bearish corrective pattern.
This could be a sign of impulsive selling to come.
Trade with care use a stop loss.
Woodies CCI BreakoutThe main signal here is the Turbo CCI breakout of a major horizontal resistance. This is a strong confirmation of the continuity of the short and torm trends, which seems to coincide with the crossing of %R and RSI, signaling a breakthrough. The range of growth is visible through the linear regression in the price chart. If 345 is broken this year, we will probably see the ceiling of the linear regression provided shattered in the near future.
USDHUF Exponential Moving Average and Trend Line Foreign Currency
Trend: Up
Level: Diagonal Level, EMA 10 Level, EMA 20 Level
USDHUF Ascending Triangle Chart PatternUSDHUF Foreign Currency Pair
Trend: Up
Level: EMA 10, EMA 20, Diagonal, Horizontal
Signal: Break Out Candle
