| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/HUF exchange rate has been trading within a falling wedge pattern since the end of April.
From a theoretical point of view, it is likely that the currency pair could continue to trade downwards within the given pattern until the end of June. Then, a breakout north could occur, and the pair could re-test the 367.00 level.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs. Thus, a breakout south could occur in the nearest future, and the rate could decline to the Fibo 61.805 at 333.75.