Free Trial
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 ticks lower this morning after finding a local high at 304.20 earlier; next resistance to watch on the topside stands at 307.70. On the downside, first support stands at 299.50 (50DMA), followed by 297.80 (200DMA).
- EURHUF ticks also lower this morning after finding a high at 356 earlier; next resistance to watch on the topside stands at 356.80 (200DMA). On the downside, first support stands at 353 (50DMA), followed by 352.40 (100DMA).
- GBPHUF continues to retrace higher this morning after breaking above its 50DMA yesterday; next resistance to watch on the topside stands at 418.30, followed by 420. On the downside, first support stands at 411.30 (100DMA), followed by 410.
- CZKHUF continues to test new highs, breaking above its 14 key resistance this morning; next level to watch on the topside stands at 14.15, which represents the pair's all time high. On the downside, first support stands at 13.86 (50DMA), followed by 13.8450 (200DMA).
- PLNHUF has been trending higher in the past two days and tested its 50DMA resistance (77.31) earlier; a break above that level would open the door for a move up to 77.62 (100DMA). On the downside, key support stands at 76.
- HUFJPY has been finding support at 36.08 in the past few days, which corresponds to the 38.2% Fibo retracement of the 31.79 – 38.72 range (2020/2021 low high). A break below that level would open the door for a move down to 35.73. On the topside, first resistance stands at 36.36 (200DMA), followed by 36.69 (50DMA). (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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok