| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The EUR/HUF currency pair has been trading upwards since the middle of August after it reversed north from the lower boundary of the rising wedge pattern at 323.35.
Currently, the exchange rate is testing the upper pattern line located at 331.70. From a theoretical perspective, it is likely that a reversal south could occur in the nearest future. Note that the rate could gain support from the monthly PP located at the 328.85.
On the other hand, the pair could use the support formed by the 55-, 100– and 200-hour SMAs to breach the given pattern north. In this case important levels to look out for are the monthly R1 and R2, located at 334.48 and 337.56 respectively.