Whatever the reasons are, we have to admit HUF has been really shock proof in recent days.
Regardsless the spike to 322 on illiquid market on Brexit morning, it looks like 318 hard resistance is still working. Is it supported by NBH there as some believe, or not... doesn't really matter who is selling there and why. For now the short term top was likely in, as signalled by haDelta.
Price started to drift down to 315-316 support. Will it go lower? Well, it is hard to predict as we don't see what's next on global markets. I believe the correctional global "risk rally" will last for 1-2 days only, then we'll see risk-off again. So probably EURHUF might bottom ard 314+, then spike higher again.
Anyway, let's forget quickly predicting the future, and as usual just focus on present, follow Heikin-Ashi price action only!
Regardsless the spike to 322 on illiquid market on Brexit morning, it looks like 318 hard resistance is still working. Is it supported by NBH there as some believe, or not... doesn't really matter who is selling there and why. For now the short term top was likely in, as signalled by haDelta.
Price started to drift down to 315-316 support. Will it go lower? Well, it is hard to predict as we don't see what's next on global markets. I believe the correctional global "risk rally" will last for 1-2 days only, then we'll see risk-off again. So probably EURHUF might bottom ard 314+, then spike higher again.
Anyway, let's forget quickly predicting the future, and as usual just focus on present, follow Heikin-Ashi price action only!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.