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CURRENCY ANALYSIS

EUR/HUF – Long term

5 JAn 2016

EUR/HUF remains in a long-term uptrend, but the rate of ascent has been very slow for many years.  A new all-time high was recorded in January 2015 at 326.68, but the break above the January 2012 peak at 324.16 failed to be sustained, with a setback having reached 295.73 in April before bouncing.  As yet, EUR/HUF remains well beneath the 2012 & 2015 peaks, but 295.73 represents the latest in a long line of higher lows and the 12, 60 & 120 month (1, 5 & 10 year) moving averages are still positively aligned and MACD is still above the pivotal zero line.  This suggests that further headway will be seen, with an eventual break above 324.16 & 326.68 raising hopes of a move closer 349.93 (100% of 2008-2009 rise measured from 2010 higher low) over the course of the coming year or so.

USD/ILS MONTHLY CANDLESTICK CHART

currency analysis long term EUR HUF

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