| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The EUR/HUF exchange rate has been moving in a descending channel since the end of June. The most noteworthy developments during this time is a breakout from a trend-line and a subsequent retracement from it which occurred last week.
The pair's movement during the last two weeks has revealed the existence of a short-term symmetrical triangle. From theoretical point of view, this pattern is more likely to be breached to the upside. Two important levels to look out for is the weekly R1 and the many-year high at 328.00 and 331.00, respectively.
Conversely, the pair being located at such a historically high position might trigger a strong decline. This scenario should be confirmed by a bearish breakout from the 200-hour and 55-period (4H) SMAs near 322.00. Downside target in the short-term is the bottom channel line circa 315.00.