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 higher in the past two days after finding a local low at 283 on Tuesday (LT downward trending support line). Next supports to watch on the downside stand at 280, followed by 274. On the topside, first resistance stands at 290, followed by 295.
- EURHUF ticks higher this morning after finding support slightly above the 345 level; ST supports to watch on the downside stand at 343, followed by 340. On the topside, first resistance stands at 350, followed by 355.
- HUFJPY has been retracing slightly lower in the past two days after finding a local high of 38.72 on Tuesday; the 14D RSI is still that the pair is significantly 'overbought' following the strong 6-week rally. Next resistance to watch on the topside stands at 39; on the downside, first support stands at 38.39, followed by 38. (scale *100).
- CZKHUF ticks higher this morning after finding a low at 13.57 yesterday; resistance to watch on the topside stands at 13.70 (200D SMA). On the downside, key support stands at 13.40 ( November 2020 lows).
- PLNHUF has been trading sideways in the past week, oscillating between 77.40 and 78. Resistance to watch on the topside stands at 78.50 (50D SMA); on the downside, first support to watch below 77.40 stands at 77.
- GBPHUF has been trending higher this morning after failing to break below its key support at 400, which represents the 38.2% Fibo retracement of the 348.30 – 431.50 range (2019/2021 range) and the LT upward trending support line (red line). A break below that level would have open the door for a move down to 396. On the topside, first key resistance to watch stands at 406.65 (200D SMA), followed by 414 (50D and 200D SMA). (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