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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 ticks higher this morning after receiving support slightly above its 200DMA at 298.70; resistance to watch on the topside stands at 302.50, followed by 304.20. On the downside, first support to watch below 298.70 stands at 297.80.
- EURHUF ticks higher this morning after failing to break its 355 support several times in the past few days; first resistance to watch on the topside stands at 357.40 (100DMA), followed by 358.60 (200DMA). On the downside, first support to watch below 355 stands at 351.80.
- HUFJPY ticks lower this morning after finding a local high at 36.94 yesterday; support to watch on the downside stands at 36.19, followed by 36. On the topside, ST key resistance stands at 37. (scale *100).
- PLNHUF ticks slightly higher this morning after receiving support at its 50DMA (77.93); supports to watch on the downside stand at 77.54 and 77. On the topside, first resistance stands at 78.45, followed by 78.62 (100DMA).
- CZKHUF has been trending higher in the past two days, breaking above its 100DMA at 13.86 this morning; next resistance to watch on the topside stands at 13.96, followed by 14. On the downside, first support stands at 13.79 (50DMA), followed by 13.75 (200DMA).
- GBPHUF ticks higher this morning after receiving support slightly below its 100DMA (415.20); ST resistance to watch on the topside stands at 418.50, followed by 420.80. On the downside, first support to watch below 415.20 stands at 409.30 (50DMA), followed by 408.60 (200DMA). Key support remains at 400, which corresponds to the 38.2% Fibo retracement of the 348 – 431.60 range (and the LT upward trending support line). (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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