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27 Jun 2017

USD/HUF momentum switched to negative

Increased downward momentum in the USD/HUF has brought the 4hr MACD to step in the red zone.

This technical condition would certainly not be of much help if the MACD hasn't been under zero for at least one week of trading. This reinforces the argument that room for further USD/HUF depreciation is there.

The signal may be either taken by trend-following traders as a trigger to liquidate long positions as by potential sellers to prepare their short commitments.
Jun 27, 2017

White House: US has Iidentified potential preparations for chemical weapons attack in Syria

Reuters out with the latest statement issued by the US White House last minutes, noting that the US has identified potential preparations for another
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Jun 27, 2017

USD/RUB Bulls are losing momentum

USD/RUB Bulls are losing momentum
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