Free Trial
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 sharply lower in the past few days following Virag's comment on Monday on a potential earlier than expected rate hike; the pair is down 10 figures since Friday and currently trades slightly above its 285 support, next level to watch on the downside stands at 282 (June 2019 lows). On the topside, first resistance stands now at 290, followed by 295.
- EURHUF continues to trend lower, breaking below its 350 support this morning; next level to watch on the downside stands at 348. On the topside, first resistance stands now at 355, followed by 360 (200D and 100D SMA).
- HUFJPY has recently experienced a significant rally and is currently testing its ST resistance at 38.11, which represents its 50% Fibo retracement of the 31.79 - 44.44 range; a break above that level would open the door for a move up to 38.40. On the downside, first key support stands at 37. (scale *100).
- CZKHUF has consolidated sharply in the past week and is currently testing its 200D SMA at 13.69; 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 13.93 (50D SMA).
- PLNHUF ticks lower this morning and is currently trading slightly above its 77 support (following the recent consolidation); next supports to watch (below 77) stand at 76.60, followed by 76. On the topside, first resistance stands at 78, followed by 78.53.
- GBPHUF has been trending lower in the past week, recently breaking below its 200D SMA at 406; next important support to watch on the downside stands at 400, which represents the 38.2% Fibo retracement of the 348 – 431 range (2019/2021 low high range) and the upward trending support line. On the topside, resistances to watch are 412 (23.6% Fibo) and 414 (100D SMA). The 14D RSI shows that GBPHUF is currently slightly 'oversold' following the sharp consolidation we have seen in recent days (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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok