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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 finding a local low at 292 on Friday; ST resistance to watch on the topside stands at 296 (100DMA), followed by 297.50 (200DMA). On the downside, first support to watch stands at 290.
- EURHUF has been testing its 347 support line in the past few days; a break below that level would open the for a move down to 345. On the topside, first resistance stands at 350, followed by 353.90 (50DMA).
- GBPHUF has been trading within a tight range in the past week, oscillating around the 406 level. Resistance to watch on the topside stands at 411 (200DMA); on the downside, key support stands at 400.
- PLNHUF ticks lower this morning after failing to break through its 77.40 resistance last week. Key support to watch on the downside stands at 76; on the topside, first resistance stands at 77.64 (50DMA), followed by 77.91 (100DMA).
- CZKHUF has been retracing slightly lower in the past few days; ST support to watch on the downside stands at 13.60. On the topside, first resistance stands at 13.83 (200DMA).
- HUFJPY continues to trend higher in the past week amid HUF strength, with the pair gradually approaching its next ST resistance at 37.71; next key level to watch on the topside stands at 38. On the downside, support to watch stands at 37.09, which corresponds to the 100DMA and the 23.6% Fibo retracement of the 31.78 – 38.72 range. (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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