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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
- EURHUF is down this morning, trading slightly above the 350 level; next resistance to watch on the topside stands at 355 (50D SMA). On the downside, first support stands at 345.
- GBPHUF ticks slightly lower this morning after failing to break through the 410.50 level (50D SMA); ST key resistance to watch on the topside stands at 414.50 (100D SMA). On the downside, first support stands at 407 (200D SMA), followed by 400.
- HUFJPY has been retracing lower since the start of the month, rejecting its 37.77 support yesterday, which corresponds to the 23.6% Fibo retracement of the 2021 high/low range. Next support to watch on the downside stands at 37.28 (50D SMA), followed by 37.18 (38.2% Fibo); on the topside, first resistance to watch stands at 38.73, followed by 39. (scale*100).
- CZKHUF ticks lower this morning after failing to break through its 100D SMA resistance at 13.86; next ST level to watch on the topside stands at 14. On the downside, first support stands at 13.71 (200D SMA), followed by 13.60.
- PLNHUF continues to move sideways, trading within a narrow range between 77.10 and 78.20. Resistances to watch on the topside stand at 78.37 (50D SMA), followed by 78.91 (100D SMA); on the downside, first support below 77.10 stands at 76.60.
- USDHUF ticks lower this morning after finding a local high of 291 yesterday; next resistance to watch above that stands at 293 (50D SMA), followed by 297.50 (100D SMA). On the downside, first support stands at 283, followed by 280. (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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