| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Euro continued to appreciate against the Hungarian Forint within the rising wedge pattern (4H time-frame chart). Currently, the EUR/HUF currency pair is testing the lower pattern line.
From a theoretical point of view, it is likely that a reversal north could occur in the nearest future, and the exchange rate could reach the upper pattern line located circa 337.15.
However, note that the currency pair is pressured by the 55– and 100-hour moving averages, currently located circa 331.10. Thus, if the given pattern does not hold, the pair could depreciate within the following trading sessions. In this case the rate could gain support of the Fibonacci 38.20% retracement at 326.78.