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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 ticks higher this morning and is currently testing its 295 resistance; next level to watch on the topside stands at 297.50, followed by 299.20 (200DMA). On the downside, ST support to watch stands at 292.15 (50D SMA), followed by 290.
- EURHUF has been trending slightly lower in the past few days and is currently flirting with the 350 level; next support to watch on the downside stands at 345. On the topside, resistance to watch stands at 353.30 (50DMA), followed by 355 and 357.80 (100DMA).
- HUFJPY has been retracing lower in the past week and is currently testing its 50DMA at 37.48; a break below that level would open the door for a move down to 37. On the topside, first resistance to watch stands at 38. (scale *100).
- CZKHUF has been consolidating lower in the past few days, gradually approaching 200DMA at 13.73; next support to watch below that level stands at 13.60. On the topside, first resistance stands at 13.82 (50DMA), followed by 13.87 (100DMA).
- PLNHUF ticks lower this morning, currently in the middle of its 1M range (77 – 78.20); first support to watch on the downside stands at 77, followed by 76.60. On the topside, ST resistance stands at 78.15 (50DMA), followed by 78.77 (100DMA).
- GBPHUF ticks lower this morning after failing to break above its 409.90 resistance in the past few days; key support to watch on the downside remains at 400, which represents the 38.2% Fibo retracement of the 348.40 – 431.60 range. On the topside, resistances to watch above the 409.90 (50DMA) stands at 412 (23.6% Fibo) and 415 (100DMA). (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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