| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Buy | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The common European currency has gained 3.54% against the Hungarian Forint since mid-April. This movement has been stranded in an ascending channel which is a part of a larger-scale pattern. The upper boundary of this senior channel located at 321.00 was reached on March 29. This level is likewise the rate's highest position since early 2015.
The Euro has since edged lower towards the junior channel and the weekly PP at 318.00. It is expected that the given pair continues depreciating within the following weeks until the senior channel line and the monthly S1 circa 315.00 are reached. This scenario is supported by bearish technical indicators on the daily time-frame.
Meanwhile, some correction northwards might happen within the following 24 hours. Two possible upside targets are either the 55– and 100-hour SMAs or the aforementioned high at 319.50 and 321.00, respectively.