USDHUF, VERY STRONG RESISTANT SUPPORT, BUYVARIOUS HISTORICAL SUPPORT POINTS. POSITIVE ADX, STRONG TENDENCY
USDHUF trade ideas
FOREX USDHUF Long LongBuyLongSellIndicator predictionUSDHUF making HH in the 1hr time frame price will go up furhter from this level.
USDHUF before 7.3% decline... I expect the exchange rate to decline in the medium term. The decline may last up to 260HUF against the US dollar. This is a drop of almost 7.3% from the current level. Why is it so big? I assume that the strengthening of the Hungarian forint and the weakening of the US dollar will be present at the same time, as a result of these two movements, a larger decline will be seen.
USDHUF fractal continuation... The exchange builds on the preparation of a second fractal track. Probably after a downward movement, which can reach the 277 huf level, it can move to another double-wave ascending path. The target for dual wave structure is 288 Huf.
USDHUF weekly head and shoulders in developmentIf weekly candle closes below the trendline, a long term downtrend can ensue. Key levels on the chart.
USDHUF target price is 310HUF...The exchange rate rises. It is currently facing the two most significant fractal points in the past. At the same time, this shaft acts as a resistance shaft. In the event of this breakthrough, a significant gap is expected to weaken the Hungarian forint. As long as the EURHUF has a double wave movement, USDHUF is more likely to expect a stronger wave structure. 310HUF primary target price. With the current rate, the dollar could rise by almost 9.7% against the Hungarian forint.
USDHUF short ideaUSD/HUF before big drop.
Check lower time frame for top.
Trade your plan :)
Good luck :)
USDHUF: Sideways within the 1W Rectangle.The previous TP = 283.20 on USDHUF was hit and the pair has been trading sideways since within a 273.754 - 285.075 1W Rectangle (ADX = 17.489, Williams = -49.968, Highs/Lows = 0.0000). The most optimal approach is to long near the 273.754 Support (TP = 283.268) and short near the 285.075 Resistance (TP = 275.110).
USDHUF - Downtrend and preparing for the next legUSDHUF is showing signs of negative divergence and is getting ready for its next big move.
The path of least resistance is on the downside.
Open a small SHORT position on USDHUF and save your capital to increase your position if the price moves higher.
This trade setup has an excellent RISK/REWARD ratio.
USD/HUF - 295 next potential targetUSD/HUF reversed like in the textbooks (XABCD) till 161.8 Fib.
The bullish trend still has rate differential support with Fed not being afraid to hike further despite Trump rhetoric.
Next level is 295 previous high.
USDHUF Long ....USDHUF Long ... There are three types of wave structure in the exchange rate. The final wave structure target price is 293.68 HUF. Then I expect a smaller ABC correction, up to the rising ATR axes (purple line). Then if events in Turkey continue to muddle the mood of investors, then a bigger jump from this axis can begin.
USDHUF Buy IdeaUSDHUF Buy Idea @Daily Demand Zone (248.445 - 246.552)
Buy Limit: 248.521
Stop Loss: 246.022
Take Profit: 253.417
