| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/HUF exchange rate continued to trade upwards within the rising wedge pattern (4H time-frame chart). Currently, the rate is trading near the lower wedge line.
From a theoretical perspective, it is likely that the currency pair could continue to extend gains within the given pattern in the medium term.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs in the 337.00 area. Thus, a breakout south could occur in the nearest future. In this case the rate could gain support from the Fibo 23.60% at 330.73.