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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 continues to trend higher this morning, breaking above the 307 resistance; next level to watch on the topside stands at 307.70. On the downside, first support stands at 302.50, followed by 299.60 (50DMA).
- EURHUF also continues to retrace higher, breaking above its 200DMA (356.80) yesterday and gradually approaching its next resistance at 360; next level to watch above that stands at 362.50. On the downside, first support stands at 355, followed by 353 (50DMA).
- HUFJPY has been retracing lower in the past few days after failing to break its 200DMA in the past few days; next support to watch on the downside stands at 36. On the topside, first resistance to watch above 36.37 (200DMA), stands at 36.71 (50DMA). (scale*100).
- CZKHUF has trending higher in the past two weeks, gradually approaching its key resistance at 14.15, which corresponds to the pair's all-time high. On the downside, first support stands at 14, followed by 13.86 (50DMA).
- PLNHUF ticks lower this morning after failing to break its 78 resistance; next level to watch above that stands at 78.48 (200DMA). On the downside, first support stands at 77.59 (100DMA), followed by 77.27 (50DMA).
- GBPHUF has been trending higher in the past week and is currently testing its 420.50 resistance, which corresponds to the 23.6% Fibo retracement of the 384.40 – 431.60 range. Next resistance to watch on the topside stands at 424.60. RSI indicator shows that the pair is currently slightly 'overbought'. On the downside, first support stands at 413.60 (38.2% Fibo), followed by 412.50 (200DMA). (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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