| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The Euro has been depreciating against the Hungarian Forint since the middle of January when the pair reversed south from the upper boundary of the long-term descending channel located circa 324.00.
As apparent on the chart, the exchange rate has already reversed south from the weekly S2 at 319.98. From a theoretical point of view, the general direction is expected to remain south as the rate goes downside towards the lower channel line located in the 312.00/312.85 range.
However, this decline might not be immediate, and the rate might re-test the resistance level formed by the Fibonacci 38.20% retracement at 322.67.