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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, gradually approaching its ST resistance at 297.50 (200DMA); a break above that level would open the door for a move up to 299.70 (50DMA). On the downside, first support stands at 295, followed by 292.
- EURHUF ticks higher this morning after finding a local low at 348.50 earlier; ST support to watch on the downside stands at 346.80. on the topside, first resistance stands at 350, followed by 352.70 (100DMA).
- GBPHUF has been trending higher since yesterday (after finding support at 407.20), gradually approaching its 411.30 resistance (100DMA); a break above that level would open the door for a move up to 413.50 (50DMA). On the downside, first support to watch stands at 404.
- CZKHUF ticks higher this morning and is currently testing its key resistance at 13.83 (100D/200DMA); next level to watch above that stands at 13.86 (50DMA). On the downside, first support stands at 13.76, followed by 13.72.
- PLNHUF has been consolidating lower in the past week, gradually approaching its key support at 76. On the topside, first resistance stands at 77, followed by 77.44 (50DMA).
- HUFJPY continues to retrace lower this morning, with the pair falling below the 37 level; next level to watch on the downside stands at 36.70 (50DMA), followed by 36.55 (38.2% Fibo retracement of the 33.03 – 38.73). On the topside, first resistance stands at 37.17 (100DMA), followed by 37.39 (23.6% Fibo). (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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