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CEEMEA FX Price Signal Summary - EURHUF Trend Needle Still Points North

EMERGING MARKETS
  • A bullish outlook in EURHUF remains intact and the cross has traded higher today. Price has recently cleared a key resistance at 416.89, the Jul 6 high. This break confirmed a resumption of the primary uptrend and registered fresh all-time highs. The focus is on 428.81 next, the 1.50 projection of the Aug 12 - 24 - Sep 9 price swing. The 20-day EMA, at 413.44 is support.
  • EURPLN recently cleared resistance at 4.8515, the Jul 12 high. This confirmed a resumption of the uptrend that started late May and signals scope for 4.90 and 5.0019 further out, the Mar 7 high and a key resistance. The 20-day EMA at 4.7955 is the first key support to watch. A pullback would be considered corrective.
  • The uptrend in USDZAR remains intact and recent short-term dips have proved to be a correction. The pair has traded to fresh trend high today and has pierced resistance at 18.2214, the Sep 28 high. This maintains a bullish price sequence of higher highs and higher lows and reinforces the bull trend condition. The focus is on 18.3777 next, the May 19 2020 high. Key short-term support is at 17.5709, the Oct 4 low.
  • USDTRY trend conditions remain bullish. Price has recently cleared 18.3633, the Dec 20 2021 high and key resistance. The 18.6000 handle has also been breached and a continuation higher would open 18.70. The 20-day EMA, at 18.4277 is the initial firm support to watch.
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