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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 200DMA resistance at 297.50; a break above that level would open the door for a move up to 299.80 (50DMA). On the downside, first support to watch stands at 295.80 (100DMA), followed by 295.
- EURHUF ticks lower this morning after finding a local high at 352 earlier; resistance to watch on the topside stands at 353 (100DMA). On the downside, first support stands at 350, followed by 346.80.
- HUFJPY has been trending higher in the past few days after finding support slightly below the 37 level; ST resistance to watch on the topside stands at 37.60. On the downside, next support tow watch below 37 stands at 36.69 (50DMA). (scale*100).
- CZKHUF has been retracing lower in the past two days after finding a local high at 13.87 on Friday; ST support to watch on the downside stands at 13.76, followed by 13.72. On the topside, key resistance remains at 14.
- PLNHUF continues to retrace lower, currently trading slightly below its 77 support; next level to watch on the downside stands at 76.65, followed by 76. On the topside, first resistance stands at 77.56 (50DMA).
- GBPHUF has been retracing lower in the past two days after failing to break through its 100DMA (411.50) last week; ST supports to watch on the downside stand at 405.30 (LT upward trending support line), followed by 404 and 401.80 (50% retracement of the 372 – 431.60 range). On the topside, next resistance to watch above 411.50 stands at 413.80 (50DMA), followed by 417.50 (23.6% Fibo). (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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