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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 trending higher this week, currently testing its 307 resistance; next level to watch on the topside stands at 310. On the downside, first support stands at 303.50, followed by 300.
- GBPHUF has been trending higher in the past week, gradually approaching its next resistance at 424.50; a break above that level would open the door for a move up to 427.50. On the downside, first support stands at 420, followed by 414.90 (100DMA).
- HUFJPY has been consolidating lower in the past few days, currently testing its 200DMA support at 35.87; a break below that level would open the door for a move down to 35.62. On the topside, first resistance stands at 36, followed by 36.50. (scale * 100).
- PLNHUF ticks higher this morning after receiving support at its 100DMA; resistance to watch on the topside stand at 79, followed by 79.14 (200DMA). On the downside, first support to watch below 78.46 (100DMA) stands at 77.95 (50DMA).
- CZKHUF ticks lower this morning after finding a local high of 14.13 yesterday; key resistance on the topside remains at 14.15, which represents the pair's all time high. On the downside, first support stands at 14, followed by 13.93.
- EURHUF continues to trend higher this week after breaking after its 360 resistance yesterday; next level to watch on the topside stands at 364.40, followed by 366.80. On the downside, first support to watch below 360 stands at 358.50 (200DMA), followed by 356.90 (100DMA). Key resistance remains at 370; a break above that level could definitely lead to higher volatility in both equity and bond markets as the uncertainty over the economic recovery will continue to rise. (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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