Who cares about zero carry any more? Direction matters, that's it.
This post is a follow up to my earlier warning today on Twitter.
Weekly:
- The ccy pair did not match the criteria of bullish Kumo breakout in last few weeks. No higher high above Kumo.
- Heikin Ashi is about to make a reversal pattern (of course end of week will matter).
- Chance for a double top is increasing.
- lower supp/res level and possible pull back tgts: 309 / 307 / 305 / 301 (as ultimate trend support)
Daily:
- Ichimoku setup turns back to neutral, Price attacks Kijun, 100 WMA and flat Senkou B line
- Inner trendline is broken, lower trendline still acts as supp/res ard 310
- Heikin Ashi gave a sell signal yesterday, the signal is validated today.
The bias is increasingly bearish, but we don't know wether or when it gains more momentum. Coming days will be very important, as FED decision may affect USDHUF which is trading ard critical last support of 276-277, and on Friday S&P will publish rating of Hungary. After 4 years spent in "Junk" category an upgrade to "investment grade" is not impossible.
This post is a follow up to my earlier warning today on Twitter.
Weekly:
- The ccy pair did not match the criteria of bullish Kumo breakout in last few weeks. No higher high above Kumo.
- Heikin Ashi is about to make a reversal pattern (of course end of week will matter).
- Chance for a double top is increasing.
- lower supp/res level and possible pull back tgts: 309 / 307 / 305 / 301 (as ultimate trend support)
Daily:
- Ichimoku setup turns back to neutral, Price attacks Kijun, 100 WMA and flat Senkou B line
- Inner trendline is broken, lower trendline still acts as supp/res ard 310
- Heikin Ashi gave a sell signal yesterday, the signal is validated today.
The bias is increasingly bearish, but we don't know wether or when it gains more momentum. Coming days will be very important, as FED decision may affect USDHUF which is trading ard critical last support of 276-277, and on Friday S&P will publish rating of Hungary. After 4 years spent in "Junk" category an upgrade to "investment grade" is not impossible.
