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Free AccessTECHS: CEEMEA FX Price Signal Summary: USDRUB Edges Lower
- EURHUF maintains a weaker tone as it extends the current retracement of the rally between Apr 12 - 23. A key resistance has been defined at 364.4, Apr 23 high where a break is required to reinstate a bullish focus. Initial resistance is seen at 360.78, May 4 high. For bears, a continued move lower opens support at 356.27, Apr 12 low.
- EURPLN is firmer and attention is on resistance at 4.5931, Apr 28 high. A bearish theme however remains intact with key support and the bear trigger at 4.5203, Apr 12 low and just above 4.5202, 76.4% of the Feb 10 - Mar 29 rally. A clear break of this level would suggest scope for a deeper pullback to 4.50 and 4.4709, Feb 10 low. For bulls, clearance of 4.5931 is needed to strengthen a bullish case. This would instead open 4.6088, Apr 5 high, and beyond.
- USDZAR outlook is unchanged and remains bearish. Recent price activity continues to highlight a potential bear flag formation. If correct, it represents a continuation pattern and reinforces a bearish case. The focus is on 14.6122, the 1.236 Fibonacci projection of the Apr - Jun - Aug 2020 price swing. The bear trigger is 14.1484, Apr 29 low. Resistance is at 14.5824, the 50-day EMA.
- USDTRY technical conditions remain bullish. The pair traded to a fresh high of 8.4851 on Apr 26. Despite the pullback that followed, the needle still points north. Fresh gains would expose 8.5793, the Nov 6 high and an important resistance. Key support is unchanged at 7.6958, Mar 22 low. Initial firm support is 7.9886, Apr 2 low.
- USDRUB outlook remains bearish and the pair has resumed its current bearish cycle. The focus is on 73.8370, 76.4% of the rally between Mar 16 - Apr 7 and below. Resistance is at 75.3590, the May 4 high.
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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.