SAR still trailing the falling USD/HUF rate

December 28, 2015

We see an injection of volatility in the already heavy looking USD/HUF pair. The washout in today's trading has expanded the Bollinger bandwidth indicator for four consecutive hours beyond the maximum width seen in a week of trading. Moreover, the same 1hr charts show recent close prices printing below the 50-period EMA, a bearish condition that should it persist, would help keep the SAR indicator trailing above the price. A change of direction would be quickly noticed by the SAR, implying USD/HUF shorts are taking profit. Risks exist the volatility and the plummeting price action extend to higher time frames.

Publication source
OctaFX information  OctaFX reviews

January 24, 2017
UK Supreme Court to deliver verdict on Brexit
The UKs Supreme Court will be giving its verdict in the High Court on whether the Brexit referendum should be put to a parliamentary vote or note. There is a widespread consensus that the Supreme Court will rule in favor of the High Court...
January 24, 2017
Crude oil maintains bullish trend
Oil prices were initially weaker at the start of the new week, but they have now recovered to trade almost flat at the time of this writing. At the weekend, the OPEC and some producers outside of the group met to discuss the progress of their oil production deal...
January 24, 2017
Dollar found its feet after declining over the last day
Asian stock markets were mixed overnight, with Japanese bourses still under pressure (Nikkei closed down 0.55%). despite a dip in the Yen, as USD stabilised. Uncertainty over Trump’s regulatory and trade policies continues to weigh on investor sentiment...

Larson&Holz IT Ltd Rating
XTB Rating
Vantage FX Rating
XM Rating
Trade360 Rating

99Binary Rating
Banc De Binary Rating
UKoptions Rating
OptionRally Rating
GTOptions Rating
Dragon Options Rating