| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/HUF exchange rate has been trading upwards since the beginning of August after it reversed from the psychological level at 344.00.
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 347.00/350.00 area. The pair could target the psychological level at 368.35.
In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the Fibo 50.00% at 340.63.