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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 retracing lower in the past few days, breaking below its 290 support this morning; next support to watch on the downside stands at 284. Resistance on the topside stands at 295, followed by 300 (100D SMA).
- EURHUF has been retracing lower in the past few days, breaking below its 355 support this morning; next supports to watch stand at 350, followed by 348. On the topside, key resistance stands at 360, which represents the 200D SMA.
- GBPHUF has been retracing lower in the past week, breaking below its 410 support this morning and gradually approaching its 405.50 ST key support, which represents its 200D SMA. Next support to watch below that stands at 400; on the topside, key resistance stands at 419.70 (50D SMA).
- CZKHUF consolidated sharply this morning amid HUF strength with the pair breaking below its 100D SMA support at 13.87 and currently testing the 13.80 level; next key support to watch on the downside stands at 13.68 (200D SMA). On the topside, resistances to watch stand at 14, followed by 14.15, which represents the pair's all time high.
- PLNHUF: the pair is currently testing its 77.50 support following the HUF strength; a break below that level would open the door for a move down to 77. On the topside, first resistance to watch stands at 78.50, followed by 79 (50D SMA).
- HUFJPY: the bullish trend has been accelerating in recent days after the pair broke its ST key resistance at 37 (and then 37.17 on Friday, which represents its 38.2% Fibo retracement of the 2020-2021 high/low range). Next resistance to watch stands at 38 (high of the LT upward trending channel), followed by 38.44 (76.4% Fibo). On the downside, first support stands at 37.17. RSI 14D is also showing that HUFJPY is currently 'overbought'. (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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