Well done NBH! Well done! The whole world is about to tighten somehow, but they pushed effective front end rate even lower to -0,15 % yesterday. Still, intraday EURHUF dipped almost 1 % from highs. :-D (Sell the news).
But as we have FED on stage today, we should rather focus at USDHUF. The 1 year positive carry for long is around 1,75 % now! Immagine how it would act in case FED gives any minor boost to USD to retrace in general!
Technicals:
- Ichimoku is turning a bit neutral. Price is at/above flat Tenkan and Kijun, which leve means a short term supp/res for the cross.
- Heikin-Ashi gives some noise, but as EWO and haDelta+ still has the positive bias, I rather bought this pair at 256-257 with a 253 initial stop.
- If momentum arrives, USDHUF can quickly test the Kumo or even start a counter trend action to target 270 or the weekly Kijun Sen at 274. For larger swing long position we need more price action confirmation
But as we have FED on stage today, we should rather focus at USDHUF. The 1 year positive carry for long is around 1,75 % now! Immagine how it would act in case FED gives any minor boost to USD to retrace in general!
Technicals:
- Ichimoku is turning a bit neutral. Price is at/above flat Tenkan and Kijun, which leve means a short term supp/res for the cross.
- Heikin-Ashi gives some noise, but as EWO and haDelta+ still has the positive bias, I rather bought this pair at 256-257 with a 253 initial stop.
- If momentum arrives, USDHUF can quickly test the Kumo or even start a counter trend action to target 270 or the weekly Kijun Sen at 274. For larger swing long position we need more price action confirmation
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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.