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Usdhufsignals

USDHUF Major double bullish break-out took place yesterdayThe USDHUF pair achieved a huge double bullish break-out yesterday as not only did it break above Resistance 1 (360.650) but also above (and closed) the top (Lower Highs trend-line) of the 4-month Descending Triangle pattern. At the same time it closed above its 1D MA200 (orange trend-line). This is a major buy signal for the long-term, but even if we keep a short-term perspective, we can now target 367.500 (just below Resistance 2) with a lower risk factor than before. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USDHUF Dip buy opportunity right below.The USDHUF pair has been trading within a Triangle pattern since the March 15 2023 High. It has seen 3 Bearish Legs so far and currently is on the 4th. All corrections reversed to a Buy when the 1D RSI hit or came very close to its Oversold barrier (30.00). We are anticipating another such opportunity to target 370.000 (just below its 0.9 Fibonacci retracement level, which is where the previous Lower Highs where priced). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDHUF Sell when the 1D MA200 breaks.The USDHUF pair had a bearish break-out on our last analysis (October 13 2023, see chart below) and after hitting our 345.700 Sell Target, it rebounded: The rebound formed a Channel Up, which again failed and a new downtrend has been confirmed after the price broke below the 1D MA50 (blue turned-line) again. Once the 1D MA200 (orange trend-line) breaks as well, we will have a bearish break-out confirmation, similar to October - November 2023. Our Target is Support 2 at 342.1565. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USDHUF Bearish leg within a Channel Up.The USDHUF pair is trading within a Channel Up pattern, currently extending the bearish leg after a Higher Low on Resistance 1 (375.600). The previous bearish leg hit the 1D MA50 (blue trend-line) and then rebounded, so we are expecting a similar development. As long as the pair is closing the 1D candles above the 1D MA50, we will be bullish, targeting Resistance 2 (381.3500) as part of the next Higher High. If it closes below the 1D MA50, we will take the loss and counter with a sell position, targeting 345.700 (Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
USD/HUF - (massive) Long; Highest conviction trade since 2020!This is a no-holds-bared, unmitigated, lock-and-load - and do it now! -, scenario. It does not get any easier than this, not even in the EUR/USD. The Hungarian Forint is staring at a massacre, with immediate effect. (... despite the fact that I applaud Victor Orban, the Hungarian Prime. Nevertheless, he has nothing left to work with. Simultaneously, he (still) is public enemy #1 for the EU - as member states go -, as well as in the eyes of the Biden administration. Now, the only remaining friendly country to Hungary, in Europe, is the Vatican. Orban courageously fought the good fight, all along, but, at least economically: "It's been nice signing with you Koko but ..." - It's over.) p.s. Everything the western media had been spewing about Orban for the past 12 years lacks a single iota of truth. - Bet on it! The guy won 3 democratic elections with 2/3 majority which, even the communist slime-run EU, was forced to admit. I will forgo the long version here and provide in lead words what matters here; - Hungary is a tiny economy (10 million people), one of the smallest EU members; (IBordering with Ukraine and taking in the second largest number of Ukrainian refugees - after Poland - while the Kyiv continues to prosecute it's large, Hungarian minority.) - They built the first wall on their southern border, which the EU never paid for - as they remain obligated to do so but likely never will; - Hungary is 72% agricultural, lacking any and all energy (or other, primary) resources. E.g. It is 100% dependent on Russian energy - regardless how it gets there (indirectly from Russia at a major markup, very likely in the near future.) - Hungary categorically refuses to support the EU madness or to go along with US demands to join the fight for the Ukraine ; (Orban is no friend of Putin but he is also unwilling to crater Hungary's economy on a US/EU whim.) - The Hungarian National Bank recently spent a significant portion of it's reserves to buy gold. The unfolding USD rally will likely temper any related enthusiasm; - The EU is currently (punitively) the portion of EU funds due to Hungary for fiscal 2023; -The Biden administration recently made it a point to go after Hungary (Orban specifically) "to enhance a regime change". (Wasn't that illegal, at least on paper? ...) - Sunday's State of the Union by Orban is a potential call to arms in the West. (One could write a book but) Long story short: The combined Western Alliance is about to lean into Hungary which is most unlikely to result in any economic, monetary or any other, miscellaneous national - or monetary - benefits. Bottom line: There is blood in the water here so, start taking very big bites! - Long!
Long
by Nemo_Confidat
35