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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 constantly testing new lows in recent weeks and is currently trading slightly below its 295 support; next level to watch on the downside stands at 290. On the topside, first resistance stands at 296.30 (100DMA), followed by 297.70 (200DMA).
- EURHUF ticks lower this morning and is currently testing its 348 support; a break below that level would open the door for a move down to 345. On the topside, first resistance to watch stands at 354.10 (50D and 100DMA).
- GBPHUF continues to test new low this morning, currently trading slightly above the 405 support line; key support to watch on the downside remains at 400. On the topside, first resistance to watch stands at 411 (200DMA), followed by 412.40 (100DMA).
- PLNHUF has been consolidating higher in the past two days following the positive surprise in Polish CPI inflation yesterday; ST resistance to watch on the topside stands at 77.68 (50DMA), followed by 78 (100DMA). On the downside, key support remains at 76.
- CZKHUF ticks lower this morning after finding a local high of 13.75 yesterday; ST support to watch on the downside stands at 13.60. On the topside, first resistance to watch stands at 13.86 (200DMA).
- HUFJPY has been trending higher in the past two weeks amid HUF strength and is currently testing its 37.40 resistance, which corresponds to the 23.6% Fibo retracement of the 33.03 – 38.75 range. Next level to watch on the topside stands at 38. On the downside, first support stands at 37.04 (100DMA). (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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