| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The EUR/HUF exchange rate has been trading upwards since the beginning of January when it reversed north from the ascending trend line at 330.00. As apparent on the chart, the rate has already surpassed 339.00.
Note that the currency pair is supported by the 55-, 100– and 200-hour moving averages, currently located in the 338.00 area. Thus, some upside potential could prevail in the market.
However, note that the exchange rate would have to surpass the monthly R1 at 341.25. If the given resistance holds, it is likely that a reversal south could occur.