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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 been consolidating lower in the past two days after reaching a local high at 312 yesterday; support to watch on the downside stands at 307.70, followed by 305. On the topside, next resistance to watch above 312 stands at 316.
- EURHUF has been also consolidating sharply lower since yesterday after finding resistance at 361.20; support to watch on the downside stands at 356.70 (200DMA), followed by 355. On the topside, next resistance to watch above 361.20 stands at 365.
- GBPHUF ticks lower this morning after finding resistance at 420 earlier; next level to watch on the topside stands at 424.60. On the downside, first support stands at 415.80, followed by 412.90 (50DMA).
- CZKHUF ticks lower this morning after reaching an all time high at 14.2250 earlier; RSI indicator has been showing that the pair was significantly 'overbought' in recent days. Support to watch on the downside stands at 14.10, followed by 14.
- PLNHUF has been consolidating higher in the past few days and tested its 78.44 resistance earlier (200DMA); a break above that level would have opened the door for a move up to 79. On the downside, first support stands at 77.57 (100DMA), followed by 77.23 (50DMA).
- HUFJPY ticks higher this morning after finding support at 35.77 earlier; (slightly below the 35.88 level, 50% retracement of the 33.03 – 38.73 range). Resistance to watch on the topside stands at 36.39 (200DMA). On the downside, first support stands at 35.62, followed by 35.21 (61.8% 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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