Breaking News

USD/HUF Potential Upward Movement

USD/HUF Long-Term Trend: Bullish

Key Resistance Levels: 312.420, 314.457, 315.000.

Key Support Levels: 310.843, 309.145, 309.000.

Daily Chart:

The price on the higher time frame found support around the 309.193 where a relevant price action has been posted along with a 50% Fibonacci retracement level. This shows the end of the retracement, and we expect the market to start to move upward in the coming hours.

USD/HUF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair succeeded to break the bearish channel to the upside where a double bottom has been level. now the market is traded above the 310.772 HUF level where we expect a slight correction before a new impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 310.896

TP 1 @ 312.293

TP 2 @ 314.457

Stop Loss @ 310.197

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

4 comments

  1. Sir is this ended with a profit please update that also in free signal channel

  2. Hi dear,
    There is not any USD/HUF in my metatrader 4 watch list. How could I buy this pair? Could you help me please

  3. Thanks bro ! lets go

Leave a Reply to Steve Jahnson Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!