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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
- USDHUF has consolidated by 7 figures since its high of 307.70 reached on Tuesday and is gradually approaching its 300 support; a break below that level would open the door for a move down to 298.50 (200DMA). On the topside, first resistance stands now at 305.
- EURHUF ticks higher this morning after finding a local low at 357.40 yesterday; first resistance to watch on the topside stands at 358.40, followed by 360. On the downside, first support stands at 356.70 (100DMA), followed by 355.
- GBPHUF has been consolidating lower in the past few days after finding a local high at 424.60 on Wednesday; next support to watch on the downside stands at 417.40, followed by 414.70 (100DMA). On the topside, first resistance to watch above 424.60 stands at 427.50.
- CZKHUF has been consolidating lower in the past few days, gradually approaching its 14 support level; next key support to watch on the downside stands at 13.87 (100DMA). On the topside, key resistance stands at 14.15, which corresponds to the pair's all-time high.
- PLNHUF ticks lower this morning after failing to break through its 100DMA earlier; supports to watch on the downside stand at 77.98 (50DMA) followed by 77.54. On the topside, first resistance to watch above 78.40 (100DMA) stands at 79.
- HUFJPY has been trending higher in the past few days after receiving support at its 200DMA earlier this week; next resistance to watch on the topside stands at 36.57 (38.2% Fibo retracement of the 33.03 – 38.75 range), followed by 36.82 (100DMA). On the downside, first support stands at 36, followed by 35.91 (200DMA). (scale*100, chart below).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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