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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 retracing higher in the past week, gradually approaching its ST resistance at 312.30; a break above that level would open the door for a move up to 315. On the downside, first support to watch stands at 305, followed by 300.40 (50DMA).
- EURHUF has been trending higher in the past week and is currently testing its 360 resistance; a break above that level would open the door for a move up to 362.50. ST support to watch on the downside stands at 356.60 (200DMA), followed by 355.
- GBPHUF continues to test new highs and is gradually approaching its ST key resistance at 424.60 (July 18 high); a break above that level would open the door for a move up to 430. On the downside, first support stands at 420, followed by 413.20 (200DMA).
- PLNHUF has been consolidating lower in the past two days after failing to break through its 79 resistance; support to watch on the downside stands at 78, followed by 77.60 (100DMA). On the topside, resistance to watch above 79 stands at 79.40.
- CZKHUF ticks higher this morning and is currently trading slightly below its 14.22 resistance, which corresponds to the pair's all-time high. On the downside, first resistance stands at 14.07, followed by 14.
- HUFJPY ticks higher this morning and is currently trading at around the 36 level; resistance to watch on the topside stands at 36.40 (200DMA). On the downside, first support stands at 35.70, followed by 35.20, which represents the 61.8% Fibo retracement of the 33.03 – 38.73 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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