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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 received strong support at its 200DMA (298.10) on Friday and is currently trading slightly above its 301 resistance; next level to watch on the topside stands at 302.90. On the downside, first support stands at 300, followed by 298.10.
- EURHUF has been retracing higher in the past two days after finding a local low at 352.40 on Friday; first resistance to watch on the topside stands at 355.90 (100DMA), followed by 358 (200DMA). On the downside, ST key support stands at 350.
- GBPHUF has been trending higher in the past few days, gradually approaching its 420 resistance; a break above that level would open the door for a move up to 424.60. On the downside, first support stands at 414 (100DMA), followed by 413 (50DMA).
- CZKHUF ticks higher this morning, currently trading slightly below its ST resistance at 14; key level to watch on the topside remains at 14.15, which corresponds to the pair's all-time high. On the downside, first support stands at 13.87 (100DMA), followed by 13.81 (200DMA).
- PLNHUF ticks higher this morning after finding a local low at 77.26 earlier; first resistance to watch on the topsider stands at 78 (50DMA), followed by 78.29 (100DMA). On the downside, ST key support stands at 77.
- HUFJPY has been retracing lower in the past two days after failing to break through its 100DMA resistance on Friday; the pair is currently testing its 36.57 support, which represents the 38.2% Fibo retracement of the 33.03 – 38.75 range. Next ST support to watch on the downside stands at 36.29, followed by 36 (200DMA). On the topside, first resistance stands at 36.89 (100DMA), followed by 37.
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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