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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
- EURHUF ticks lower this morning after finding support slightly below the 355 level; ST support to watch on the downside stands at 352.40, followed by 350.On the topside, resistance to watch above 355 stands at 357.20 (200DMA).
- GBPHUF ticks higher this morning, currently trading above its 200DMA at 419.80; next resistance to watch on the topside stands at 428.32 (100DMA). On the downside, support to watch below 419.80 stands at 416.60.
- HUFJPY ticks lower this morning after reaching a local high at 37.63 yesterday. ST support to watch on the downside stands at 37.23, followed by 37. On the topside, next resistance to watch above 37.63 stands at 37.70. (scale*100).
- CZKHUF has been retracing lower in the past two weeks, gradually approaching its ST support tat 14.43 (100DMA); a break below that level would open the door for a move down to 14.39 (38.2% Fibo retracement of the 13.60 – 14.88 range). On the topside, first resistance to watch stands at 14.62 (50DMA).
- PLNHUF ticks lower this morning, currently trading slightly above its 200DMA at 78.18; a break below that level would open the door for a move down to 78. On the topside, resistance to watch stands at 78.80 (100DMA).
- USDHUF ticks higher this morning, currently trading back above the 310 level. ST resistance to watch on the topside stands at 312.62, which corresponds to the 38.2% Fibo retracement of the 283.10 – 330.90 range. On the downside, first support stands at 309 (LT upward trending support line), followed by 306.60 (200DMA). (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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