EURPLN broke out of this consolidation box. I believe the price can go for a retest of the box, and then make another push to the upside
The Polish zloty fails to gain support from the optimism in the region’s stock market. Prices of the euro to Polish zloty trading pair are projected to rally and hit their resistance level by the first half of September. Vaccine hopes have greatly improved the optimism in the global markets. However, the increasing number of coronavirus infections in Poland is...
After our profit on this pair we look now for a new opportunity. Market hit on the daily support and already tested it few times. Yesterday market tried to break the structure without succes and price got rejected inside the bear flag . Finally seem that price lost support and we can look for a nice short order according with Plancton's strategy . ––––– Follow the...
Despite the strength of the euro against other major currencies such as the US dollar, it, unfortunately, doesn’t stand a chance against the Polish zloty. In fact, bears have been slowly and steadily dragging the pair, and now it’s heading towards its support level. It’s believed that prices will go down to its lowest ranges in nearly five months as the Polish...
The market has retraced in a inside a channel till the 0.618 fib level and created a double top. Now the price is moving down and if the price will manage to break the channel and consequently will break the 4h structure we can look for a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please...
The EUR/PLN currency pair has been moving within a trend channel since the end of March. The pair has tested the lower limit of the channel as a potential support area and also has tested the upper limit as potential resistance. Last week it has been defended so the market may move to the next potential support at 4,36 or at the line drawn through the...
This is a simple and clear trend of an impulse and correction it can be indicated by a triangle and also a flag
The market has been retracing till the 0.5 fib level and price is moving inside a triangle pattern. If the market will manage to break the triangle and break also the lower yellow structure we can set a nice short order according with our strategy. ––––– Follow the Shrimp! 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any...
Earlier this month, the Polish central bank signaled that it’s highly concerned about the strength of the Polish zloty. According to the central bank, it prefers the zloty to be weaker to help the economy recover much more efficiently amid the coronavirus pandemic. This paved the way for the euro bulls to force the pair higher towards its resistance level in the...
Trade Proposal: There is a probability of first tp to the proposed (4.51700) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: EURPLN Waiting for the Range Bound and the beginning of the Ascension Trend. TP1= 4.51700 TP2= 4.57272
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
A very surprising cut of interest rates at today's one-day MPC meeting, without a press conference, may have its impact on the future of the Polish zloty. In recent days, the EURPLN exchange rate has come close to potential support located at the previous highs in the area of 4.39-4.41. Additionally, a simple correction labeled as "abc" could appear on the...
The Polish zloty surged against the euro yesterday as European economies start to reopen once again. Bears are looking to reel in the pair lower to its support area by the first half of June. The zloty is currently trading at its highest level since March against the euro this Wednesday. The zloty has regained about half of its losses against the euro. With most...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.