Romania has been under a caretaker government since early May, after the Social Democratic Party, together with an opposition party, successfully tabled a no-confidence motion, thereby bringing down the Romanian government. Subsequent attempts to form a government have been unsuccessful, and for now, it is unclear how the government crisis might be resolved. Despite the political uncertainty, the Romanian stock market has performed very well so far this year; the BET index is currently the fifth-best-performing stock index globally. With that in mind, we examined what might happen next in Romania.
Orsted, the Danish renewable energy utility, recently published its Q2 earnings report, which showed mixed results. The company exceeded analysts’ expectations in terms of both revenue and EBITDA, but fell short of net income estimates. Nonetheless, project developments are on track, and the company’s liquidity position remains adequate. In light of the results, management maintains its 2026 guidance, and announced dividend payment plans for 2027. Overall, Orsted keeps making good progress, so we are keeping the stock on our Equity Top Pick List.
The dollar has remained strong in recent days, so the dollar’s strength has continued to dominate its major currency pairs; there are no signs of a reversal in this regard yet. As for the forint, a minor correction began three weeks ago, but neither its magnitude nor its intensity was sufficient to suggest a prolonged depreciation of the forint. The USD/JPY exchange rate broke through the 162.5 level, confirming the continuation of the uptrend. Meanwhile, the EUR/CHF exchange rate also surpassed the nearest resistance zone, keeping the pair on an upward trend.
Due to vacation, there will be no analysis next week. The next article will be published on August 12, 2026.
The exchange rate is consolidating between the 1.1352 and 1.1475 levels. Until it breaks through one of these levels, a stronger move will not be able to take hold. The main trend is still downward, so as long as the trendline holds, the path downwards will be easier; if 1.1352 is broken, the next support level is around 1.1230.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1,1352; 1.1230.
Due to the strength of the dollar, the upward trend in price movement has been broken, and the price may be targeting the bottom of the wide trading range. There is a key support level at 1.3184. To resume an upward move, the price would need to break above the thick red trendline.
Resistance levels: 1.3672; 1.3916; 1.4160.
Support levels: 1.3184; 1.2939; 1.2812; 1.2695.
After breaking the downtrend, the exchange rate approached the first resistance level at 367.1, but ultimately turned downward sooner than expected. In the event of an uptrend, it is still worth factoring in this resistance level. On the downside, 359.4 and 355.5 are key support levels; these should hold the price from falling further. There are no signs of a major breakout; movement within the range mentioned is likely.
Resistance levels: 375; 382,8; 390,6.
Support levels: 359.4; 355.5; 351.56; 343.75; 335.9; 328.1.
The slight strengthening of the forint that followed a test of the natural support level around 320.4 actually pushed the curve away from the longer-term downtrend line. If the support level around 312.5 holds the decline, the downtrend could break within weeks. If it does break below this level, however, the support level around 304 could be reached.
Resistance levels: 320.4; 328.1; 343.75; 351.5; 359.38.
Support levels: 312.5; 304.7, 296; 289.2; 281.25.
The main trend is upward, and no pattern indicating a reversal has appeared yet. Above 162.5, the price may test the 165.63 level. 162.5 is now a support level; a break below this level could trigger a reversal pattern.
Resistance levels: 165.63; 168.75.
Support levels: 159.38; 156.25; 153.125; 151.5; 150.
The price has broken above the 0.9277 level and may soon reach the main downtrend line. The rising trendline is also pushing the price upward from below. If it retests the 0.9277 natural level, it would be better to look for a long entry. On the upside, 0.94 can be mentioned as the next resistance level.
Resistance levels: 0.9399; 0.9521; 0.9644.
Support levels: 0.9155; 0.9033; 0.8911.
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