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6 Feb 2016
Momentum extreme in USD/HUF
The daily USD/HUF rate carried the MACD oscillator into new low ground hitting a one year record.
Equally bearish and significant is the MACD histogram reaching a six months low.
Despite a still defiantly bearish trend we have seen a nascent reversal patterns unfold: the slightly higher oscillator value, outlined on the daily perspective, which may result in sellers narrowing their projections for the decline.
Equally bearish and significant is the MACD histogram reaching a six months low.
Despite a still defiantly bearish trend we have seen a nascent reversal patterns unfold: the slightly higher oscillator value, outlined on the daily perspective, which may result in sellers narrowing their projections for the decline.