xMoranTomx

xMoranTomx

As of October 2024, Bitcoin is in a strong but somewhat volatile position. The price has recently surged to around $68,000, which reflects a broader market rally, but has also shown fluctuations due to increased volatility and geopolitical factors. Bitcoin's market dominance has reached nearly 59%, the highest since 2021, indicating its continued strength relative...

xMoranTomx

According to the bar, I am waiting for the development of BTC. In the next period, it will go back to around 52 thousand. We have been seeing a slow fall since March, and another ath is not expected for the time being.

xMoranTomx

The British pound has been strengthening for a long time and will now reach a support level that it is not expected to break through.

xMoranTomx

Key Factors Influencing EUR/HUF: Interest Rates: Decisions by the European Central Bank (ECB) and the Hungarian National Bank (MNB) significantly impact the exchange rate. Higher interest rates in Hungary can strengthen the forint against the euro. Inflation: Higher inflation in Hungary can weaken the forint, while low inflation can have the opposite...

xMoranTomx

Key Factors Influencing EUR/JPY: Euro (EUR): The value of the euro is significantly affected by the economic conditions in the Eurozone and the monetary policy of the European Central Bank (ECB). Factors like GDP growth, inflation rates, and unemployment can impact the euro’s strength. Japanese Yen (JPY): The yen is considered a safe-haven currency, often...

xMoranTomx

Natgas has been in a downward trend for more than a month. I expect it to reach the support level shown in the picture for a third time. If this happens, the exchange rate will rise significantly again.

xMoranTomx

The EUR/HUF exchange rate has shown volatility, with the euro generally appreciating against the forint. This trend has been influenced by high inflation in Hungary and global economic uncertainties, which have favored the euro as a safer currency. Key Factors Monetary Policy: The divergence between the European Central Bank's (ECB) tightening and the Magyar...

xMoranTomx

A double top is visible on the graph. ZAR has been in a downtrend for weeks and is now trying to weaken. But I think this will not be enough.

xMoranTomx

From a technical analysis perspective, the 1.48 resistance level is critical, and the euro is currently testing this level. If it manages to break through, the next target could be the 1.49 level​ (Traders Union)​. However, if the pair fails to hold above this level, it may fall back into the 1.46-1.45 range​ (DailyForex)​. Fundamentally, the market is influenced...

xMoranTomx

The short-term outlook for the EUR/JPY currency pair is positive, although the overbought technical condition may indicate a correction. Fundamental factors such as ECB and BOJ policy and economic data continue to have a significant impact on the exchange rate. It is worth keeping an eye on the upcoming ECB and BOJ decisions, as well as global economic news that...

xMoranTomx

The EUR/JPY chart we see a trend moving in a band. The yen will go up to the next support level and then back further in the direction of the band.

xMoranTomx

The HUF is going up with the line. The approach of the elections weakens it further.

xMoranTomx

The paper is in a weakening trend, but it is now touching the level shown in the picture for the second time. A rise can be expected again.

xMoranTomx

After the visit of the Chinese president, there was a slight correction, and then we will continue the usual weakening of the forint. A long position can be opened again.

xMoranTomx

Again an opportunity to expect oil to rise. The exchange rate rebounds from the support-resistance level.

xMoranTomx

The HUF has been in a weakening trend for a long time. The support-resistance square shown in the picture will be suitable for a bounce. The weakening continues.

xMoranTomx Updated 

Natgas is again approaching the usual support level around 1.613. I think we can't go any lower than that, so it might be worth taking a long position. The lowest possible can be 1,566.

xMoranTomx

EUR/ZAR is moving in a regression band. We are just touching the bottom, from here I expect the price to go up to the top of the band.