4H | 1D | 1W | |
---|---|---|---|
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Sell | Sell | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇗ |
Since the beginning of August, the EUR/HUF exchange rate has been trading upwards, guided by a descending trend line.
It is likely that some upside potential could prevail in the market, as the currency pair is supported by the 55-, 100– and 200-period SMAs in the 351.80/358.35 area. Note that the pair could face the resistance at the 368.25 level.
If the predetermined resistance level holds, it is likely that a reversal south could occur. In this case the exchange rate could drop to the Fibo 23.60% located at the 355.21 mark.