Posts tagged 'HUF'

Our Trend Table medium term view for EURHUF changed from Neutral to Bearish 3 weeks ago as the 21 week moving average was broken, confirmed by EURHUF RSI indicators moving below their moving average.This confirmed an end to the broad range trading that had dominated the second half of 2015 - this trendlessness was also reflected... read more

After peaking at the top of the daily Keltner channel, at lower levels than January, three of the last four weeks have posted net losses in EURHUF. More importantly, after stalling at the 21 week moving average for 2 weeks, last week saw an acceleration of selling pressure. We look for the downside to develop in... read more

The bounce from this year’s 295.70 low in EURHUF was marked on weekly candle charts by a Bullish Engulfing pattern. The market has not threatened the subsequent up move significantly since with a sequence of 8 higher lows only ending over the last 2 weeks.The positive EURHUF trend that was begun with the Engulfing pattern was... read more