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CEEMEA FX Price Signal Summary - EURHUF Holds On To Its Recent Gains

EMERGING MARKETS
  • A bullish outlook in EURHUF remains intact. Recent gains have resulted in the break of a number of short-term resistance points. The cross has also cleared the bull trigger at 416.89, Jul 6 high. This is a key resistance and confirms a resumption of the primary uptrend, taking price to fresh all-time highs. The focus is on 426.08 next, 1.382 projection of the Aug 12 - 24 - Sep 9 price swing. The 20-day EMA, at 406.39 is first support.
  • EURPLN has also traded higher this week and has cleared resistance at 4.8515, the Jul 12 high. This confirms a resumption of the uptrend that started late May and opens 4.90 and 5.0019, the Mar 7 high and a key resistance. The 20-day EMA at 4.7537 is the first key support.
  • The uptrend in USDZAR remains intact and the pair has traded higher this week. Price has recently cleared 17.9493, 76.4% of the 2020 - 2021 bear leg. This reinforces bullish conditions. The focus is on 18.3777 next, the May 19 2020 high. Key short-term support is at 17.4454, the Sep 13 low.
  • USDTRY trend conditions remain bullish and the pair continues to appreciate. Price has cleared 18.3633, the Dec 20 2021 high and a key resistance. This opens 18.6000 next. The 20-day EMA, at 18.2999 is the initial firm support to watch.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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