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CEEMEA FX Price Signal Summary - USDTRY Continues To Climb

EMERGING MARKETS
  • A bullish outlook in EURHUF remains intact. Price has recently cleared the bull trigger at 416.89, the Jul 6 high. This was a key resistance and the break confirms a resumption of the primary uptrend, taking price to 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 408.98 is support. The latest pullback is considered corrective.
  • EURPLN traded higher last week and 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 4.7696 is the first key support. The latest retracement is likely a correction.
  • The uptrend in USDZAR remains intact and short-term dips are considered corrective. 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 recently cleared 18.3633, the Dec 20 2021 high and a key resistance. This opens 18.6000 next. The 20-day EMA, at 18.3563 is the initial firm support to watch.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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