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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 higher after finding a low of 293.50 on Monday; resistance on the topside stands at 300 (100D SMA). On the downside, ST support stands at 290.
- GBPHUF has been trending higher in the past few days after finding support slightly above 410 on Friday; key resistance on the topside remains at 421 (50D SMA); on the downside, next support to watch below 410 stands at 405 (200D SMA).
- EURHUF has been moving sideways in the past few days, oscillating between its 357 support (upward trending support line) and its 359.70 resistance (200D SMA). ST support to watch on the downside stands at 355; on the topside, next resistance above 359.70 stands at 361 (100D SMA).
- CZKHUF ticks lower this morning after receiving strong support in the past week; key resistance on the topside stands at 14.15, which corresponds to the pair's all-time high. On the downside, first support stands at 13.94 (50D SMA), followed by 13.88 (100D SMA).
- PLNHUF ticks slightly lower this morning after finding resistance at 79; next levels to watch on the topside stand at 79.14 (50D SMA), followed by 79.36 (100D SMA). On the downside, first support stands at 78.50, followed by 78.
- HUFJPY rejected its 37 resistance on Monday and has been retracing slightly lower this week; first support on the downside stands at 36.50, followed by 36.37. On the topside, a break above the 37 level would open the door for a move up to 37.40. (Scale *100).
The LT chart on HUFJPY shows that the pair recently broke above its 38.2% Fibo retracement (36.62) of the 31.78 – 44.44 range (2018 – 2021 high low range). Important LT support to watch stands at 36.20 (LT upward trending support line), while ST resistance on the topside stands at 38.10 (50% retracement).
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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