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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 is up slightly this morning after testing the 285 level; ST resistance to watch on the topside stands at 290, followed by 295. On the downside, first support (below 283.50) stands at 280.
- GBPHUF has been retracing higher in the past week after finding a local low of 401 on Tuesday; the pair is currently trading slightly below its 200D SMA at 406.50, next level to watch on the topside stands at 414 (100D SMA). On the downside, first support below the 400 level stands at 395.
- HUFJPY continues to trend higher amid recent JPY weakness, currently trading slightly above its 38.43 resistance; key resistance to watch on the topside stands at 39.60, which corresponds to the 61.8% Fibo retracement of the 31.78-44.44 range. On the downside, first support to watch stands at 38. RSI 14D is currently showing that pair has been significantly 'overbought' in the past few days. (scale *100).
- CZKHUF has received support slightly below its 200D SMA at 13.70, following the sharp consolidation since the middle of May; next support to watch on the downside stands at 13.60, followed by 13.40. On the topside, first resistance stands at 13.87 (100D SMA), followed by 14. Key resistance remains at 14.15, which represents the pair's all-time high.
- PLNHUF ticks higher this morning following two days of consolidation; resistances to watch on the topside stand at 78, followed by 78.60. On the downside, first support stands at 77, followed by 76.50.
- EURHUF has been retracing lower in the past two days after finding a local high of 351.50 and is currently testing its 348 support, which represents the 38.2% Fibo retracement of the 312.60 – 370 range (2019/2021 low high range). ST support stands at 347, followed by 341 (50% retracement). On the topside, resistances to watch stand at 356.50 (23.6% Fibo), followed by 360 (100D and 200D SMA).
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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