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U.S. Dollar / Hungarian Forint

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USDHUF trade ideas

USDHUF // correction scenariosHi✋🏽 A clear start of the correction made (part of) its first impulse wave that tested a nice north breakout on H4. I expect a correction from here and another wave down where the target is a Daily north breakout. Important to know that imho the steepness of the curve doesn't matter, we are in the CORRECTION. It means, R/R ratios are not as favorable as in an impulse wave in the direction of the main trend on the W/D timeframes. However, we are possibly in a local stop of the uptrend that may resume any time. What do you think??? Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. I JUST REACT! Thanks for reading my analysis!🤘🏽 Remember that trading is a business. SIZE your TRADES according to your risk aversion! ----------------------------------------------------------
by TheMarketFlow
3
USDHUF starts a countertrend after target reachedHi Everyone!✋🏽 USDHUF trend is long. If you take a look at the daily (it is the H4 chart), you can seen that it has reached the Daily FIBO 200 level with a sharp impulse wave. It's more likely that smart money realizes profits at this level, and on H4 there is a 1-2-3 move down beyond the last north breakout. These two factors tell me that a correction is under way. Medium term target is very close and the market may turn in the direction of the trend any time, so I'd take no trade here, or realize on a north pullback. When this countertrend (marked by the dotted trend line and the last south breakout of the corrective impulse) is broken, there comes the time to take it to the next target, but I'll keep you posted until then. ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! ---------------------------------------------------------------------------- Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion!
by TheMarketFlow
9
USDHUF - quick update on the price actionHi Everyone!✋🏽 Just a quick update on the USDHUF. Direction is undecided yet, I'd wait for a confirmation in the trigger zones. ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion! ----------------------------------------------------------------------------
by TheMarketFlow
2
USD/HUF technical analysis: three white soldiers bullish patternUSD/HUF technical analysis The worst-performing currency today is the Hungarian forint, down by more than 1% on the day against the USD ( USD/HUF ), as Russian gas disruptions fuelled selling pressures on Central Eastern European currencies. The latest candlesticks analysis provides a strong bullish signal generated by the three white soldiers pattern. This pattern can be identified by the appearance of three green candles in a row, each with a higher open and close than the previous day. The USD/HUF pair has crossed the 400-mark, returning to 2-week highs after a 7 percent decline from its July 12 high to the end of last week. The confirmation of the bullish trend and the strong momentum of buyers – the RSI is on the rise – might lead USD/HUF to test the next resistance levels at 406 (July 15 Highs) and then the all-time high of 414 reached on July 12.
by Capitalcom
USDHUF Could Have a Pullback - Cryptoz18█ Operation Information I expect after so much bullish momentum a small setback which would be quite valid since the VWAP denotes a large number of bearish orders entering in addition to the volume increasing little by little █ Operation data • Entry price: 396.460 • StopLoss: 401.580 (Loss 1.29%) • TakeProfit Minimum: 391.407 (Win 1.27%) • Recommended margin: 5% of the Futures account • Recommended leverage: 1x. • Temporality: 15Min - 4H ✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit. In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance. Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes. This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile. █ Global data to take into account Bitcoin is currently in an uptrend in 4H. However, a lot of bearish orders trying to keep it below the 20500 prices. The daily trend is in play, take your precautions. █ Warning ✔️ Blockchain or FX operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trade ideas publicly for the viewer to do their own analysis and decide to enter based on her own decision making. The viewer is recommended to have good risk management in their operations. To do this, take into account the fundamental data of Asset Volume, Market Capitalization, Supply, Percentage Change Price, Current Volatility, Perpetual Data, and lastly, proper Margin and Leverage management. Be careful, you can lose all your money in the future if they have poor risk management. Nothing more to say thank you very much.
Short
by Hi244me
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%. The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine. Spotlight on the currencies of Ukraine’s neighbours The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022. The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%. Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
by BlackBull_Markets
1