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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 testing its 50D SMA in the past two days following strong consolidation on Tuesday; a break below that level would open the door for a move down to 290. On the topside, resistance to watch above 300 stands at 303.50.
- EURHUF has been retracing lower, currently trading slightly below its 350 support; next level to watch on the downside stands at 345. On the topside, first resistance to watch stands at 355, followed by 358 (100D SMA).
- HUFJPY has been trending higher this week after receiving strong support above its 100D SMA at 36.52 (100D SMA) on Monday; resistance to watch on the topside stands at 38, followed by 38.60. On the downside, first support stands at 37.
- CZKHUF has been testing its 50D SMA resistance in the past two days; a break above that level would open the door for a move up to 13.87 (100D SMA), key resistance stands at 14. On the downside, first support stands at 13.72 (200D SMA), followed by 13.60.
- PLNHUF has been retracing lower in the past few days, currently flirting with its 77 support line; a break below that level would open the door for a move down to 76.60. On the topside, first resistance stands at 78, followed by 78.24 (50D SMA).
- GBPHUF received support at its 200D SMA (407.60) yesterday after consolidating lower in the previous days; key support to watch on the downside stands at 400, which represents the 38.2% Fibo retracement of the 348.10 – 431.60 range (2018/2021 low high range). On the topside, resistance to watch strands at 415 (100D SMA), followed by 420.
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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