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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 consolidating lower after testing its 304 resistance following the CPI release; ST supports to watch stand at 302, followed by 300. On the topside, next resistance to watch stands at 305.
- EURHUF consolidates lower after testing its 200DMA earlier (358.70); ST support to watch on the downside stands at 355, followed by 352 (50DMA). On the topside, next resistance to watch above 358.70 stands at 360.
- GBPHUF ticks lower this morning after finding a local high at 418.50 yesterday; supports to watch on the downside stands at 415.10 (100DMA), followed by 409.20 (50DMA). On the topside, first resistance stands at 420, followed by 424.50.
- CZKHUF has been trending higher this week, currently testing its 100DMA at 13.86; next resistance to watch on the topside stands at 13.96, followed by 14. On the downside, first support stands at 13.79 (50DMA), followed by 13.74 (200DMA).
- PLNHUF continues to trend higher, breaking above its 100DMA at 78.67 and gradually approaching its next resistance at 79; a break above that level would open the door for a move up to 79.24 (200DMA). On the downside, first support stands at 78.32, followed by 78.
- HUFJPY has been consolidating sharply this week, breaking below its 100DMA at 36.69 yesterday and gradually approaching its key support at 36.09, which represents its 38.2% Fibo retracement of the 31.79 – 38.75 range (2020/21 low high range). Next important support to watch on the downside stands at 35.76 (200DMA); on the topside, first resistance now stands at 36.69 followed by 37. (scale*100, 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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