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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 lower this morning and is currently trading slightly above its 200DMA at 298.30; next level to watch below that stands at 297.70 (100DMA that the pair rejected yesterday), followed by 296 (50DMA). On the topside, first resistance to watch above 300 stands at 305.
- EURHUF has been trending higher in the past week, breaking below its 355 support this morning; next level to watch on the downside stands at 353.40 (50DMA), followed by 350. On the topside, first resistance to watch above 355 stands at 356.30 (100DMA), followed by 358.20 (200DMA).
- HUFJPY has been trending higher in the past two weeks, gradually approaching its ST resistance at 36.85 (100DMA); a break above that level would open the door a move up to 37. On the downside, first support stands at 36, followed by 35.95 (200DMA). (scale*100).
- CZKHUF has been consolidating lower in the past few days, breaking below the 14 level yesterday and gradually approaching its next support at 13.87 (100DMA). On the topside, key resistance remains at 14.15, which represents the pair's all time high.
- PLNHUF has ben trending lower in the past few days and is currently testing its 50DMA support at 78; next level to watch on the downside stands at 77.54. On the topside, first resistance to watch stands at 78.35 (100DMA), followed by 79.
- GBPHUF has been retracing slightly higher in the past two days after finding support at its 100DMA (414.40) yesterday; ST resistance to watch on the topside stands at 420, followed by 424.60. On the downside, first support to watch below 414.40 stands at 412.30 (50DMA), followed by 410.10 (200DMA). Key support remains at 400, which represents the 38.2% Fibo retracement of the 349 – 431.60 range. (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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