USDHUF: Break-out or Pull back. How to trade.

Dollaro / Fiorino ungherese (FX_IDC:USDHUF)

FX_IDC:USDHUF Dollaro / Fiorino ungherese

trendanalysis chartpattern indicator usdhuf usd huf usdollar dollar hungarianfiorint forex currencies currency

USDHUF is trading on a long term 1M Channel Up (RSI = 59.447, MACD = 6.440, ADX = 46.694, Highs/Lows = 6.8414) since 2019 Q4. Right now it is ahead of a key level the 1D Lower High trend line (dashed). A rejection gets us back to the Higher Low trend line of the 1M Channel Up, while a break out begins a new bullish sequence. Our TP is 311.000 if the break out happens.

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