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U.S. Dollar/Hungarian Franc trading signal - USDHUF

Forex Market Price Signals and Analysis

Good Morning Traders,

With the close of Jan. 04, Lift-Off confirms a SHORT trading signal on USD/HUF


The signal is formed following a small retracement of the sharp bearish movement of the last few months, forming a high volatility candle starting from Lift-Off's red band.

If the dollar continues to weaken, it could give further short speculative bearish movement on the pair.


Below chart of USDHUF - with the signal detected by Lift-Off

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Signal Chart of January 05, 2023


Input price: 373.591 (current market price and valid any price not too far away even lower)



Remind that the signal was chosen from those detected by the Lift-Off indicator, visible in the signals area, but the management of the trade will NOT be communicated.

We recommend managing the operations as shown during the professional courses on using the platform available at this link