US Dollar vs Hungarian Forint stays under pressure as sellers dominate across timeframes

Traders Union
All News
Currency
Us dollar vs forint slides 0.71% today

Highlights

USD/HUF trades below key short, medium, and long-term moving averages, indicating sustained downward pressure from sellers.
Momentum indicators deliver mixed signals, with MACD tilting bearish but RSI, CCI, and BBP showing intraday overbought conditions and potential for a pullback.
The expected five-day trading range is Ft310.2485 to Ft315.0933, with a 75% probability of sideways or upward movement.

Anton Kharitonov, expert at Traders Union, warns that USD/HUF remains under pronounced selling pressure on all timeframes. He notes the technical structure is decisively bearish, with price below all key moving averages and a strong MA-50 vs MA-200 signal. Kharitonov highlights that supportive momentum readings from the RSI and CCI are contradicted by weak price action and a lack of intraday recovery. He cautions that buyers’ brief advantage is likely overstated as intraday volatility remains high and the pair closes near session lows. In his words, "The current technical setup leaves little room for optimism — rallies will likely face swift rejection unless sellers lose momentum, which is not yet evident."

Viktoras Karapetjanc, expert at Traders Union, sees opportunity in the mixed momentum signals for USD/HUF. He believes that despite the recent pullback, the probability of a short-term rebound is significant, based on the high likelihood of an upward move in coming sessions. Karapetjanc draws attention to the constructive outlook suggested by the volatility band and momentum indicators like the bullish readings on RSI and CCI. He points out that the market structure still supports potential growth above Ft312.9136 toward Ft315.0933. He affirms, "I expect USD/HUF to offer multiple entry setups for buyers as bullish momentum strengthens and the range base holds."

Parshwa Turakhiya, analyst, focuses on the short-term sentiment signals in USD/HUF. He observes that the pair's intraday volatility and closing near the session low suggest sellers still have control. However, he sees the neutral ADX and moderately strong RSI as hints for potential short-lived reversals within the specified range. Turakhiya notes the sideways scenario remains the most probable outcome, with traders watching for quick moves between Ft310.2485 and Ft315.0933. He states, "Short-term players should be ready to capitalize on rapid fluctuations, as sentiment swings could trigger unexpected entries on either side."

Technical barriers reinforce downside despite conflicting momentum cues

USD/HUF is trading below its 20-day (Ft312.9136), 50-day (Ft314.707), and 200-day (Ft317.1457) moving averages, indicating continued pressure from sellers across short, medium, and long timeframes. The Ichimoku Kijun resistance (Ft314.6109) remains above current levels, supported by the bearish MA-50 vs MA-200 alignment. Momentum signals are mixed. The MACD points to a strong sell, while the ADX shows a neutral, non-trending state. The RSI is moderately bullish at 54.13 with a "Buy" forecast, and the CCI also flashes "Buy." Stochastic RSI sits at 61.92 with a neutral tone. Bull/Bear Power registers 2.16, showing buyers hold the upper hand intraday, though the overbought reading signals risk of a pullback. The pair last traded at Ft312.6709, down Ft2.2431 or 0.71% on the day, hovering near session lows with intraday volatility at 0.94%. This reflects continued downside pressure following the open, which diverges somewhat from supportive momentum signals.

Earlier, analysts noted that USD/HUF was exhibiting persistent short-term buying strength while remaining constrained by longer-term resistance, reflecting mixed momentum signals. The current technical setup marks a shift in bias, with the focus now on whether the pair can reclaim the 20-day moving average to avert deeper losses toward the lower end of its projected volatility band.

Source of Data: USD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.