The US Dollar is trading in an ascending wedge against the Polish Zloty. It might be assumed that the given pattern has reached its maturity that might result in a breakout this week. Ascending wedge is a continuation pattern that should guide the pair southwards, breaching a support cluster formed by the 55– and 100-hour SMAs circa 3.6430. A possible downside...
USD/PLN 1H Chart: Descending Triangle The American Dollar is losing value against the Polish Zloty in a pattern that has the features of a descending triangle. An impulse necessary for its formation was given by an announcement of the US Federal Funds Rate on Wednesday. In theory, the currency rate should exit the pattern in the southern direction. ...
This is only my analysis and I do not pretend to be expert, so, be careful. I expect few moves the next few weeks. It follows the same logic than for my other post on EUR/CAD. 1) USD/PLN should stay quiet during this time, between 3.70 and 3.73-75, waiting for the news. 2) The PLN then, should be be strengthened because of the ECB decision rate the 9th June,...
This is one of those higher spread pairs, but with a tight SL and a quick to action response, I trust this one to be a fine trade. I have a small position currently on the short side and hopefully can cash in tomorrow or the day after. Buying power seems weak, looking over the indicators, on the Stochastic - which I do not have on this chart - also indicates...
As tittle said, we are waiting for touch of TOPS line(green), after that preparing for read a BEARISH candle. Setup alarm like me . Thank you.
In this 4h charts we are waiting for a Bearish candle to setup order for short .
I believe we got a trustworthy reverse. The resistance at 4.29275 have been tested before. It broke out yesterday of the reverse cup, and is heading north of the 10EMA. Volume haven't picked up yet, so be aware it might do a drastic spike down over the next days, before continuing up. I have a bigger SL because I plan to hold this one for some time. For good...
The lower white trendline have been tested now 4 times. Still no break. When you see the volume on those break tests, it was low. No selling power. I am very bullish on GBPPLN. In general always been pleased trading PLN pairs. But we aware it's not the most traded, so progress can take days and weeks. RSI and MACD seem to slowly move upwards as well.
we will see if the analysis is correct on this pair to enter short after lower trendline break.
Polish Monetary Policy Council left interest rate unchanged at 1.5 percent Wednesday largely in line with expectations. The ECB earlier today maintained status-quo and left its main refinancing rate, deposit rate and marginal lending rates at 0.0%, -0.40% and 0.25% respectively. The euro edged slightly higher after ECB decision. Focus now on ECB President Mario...
Supports & Resistance on chart. Polan STRONK! Happy trading! ______________________ START MAKING MONEY with INSIDEMARKET TRADE SIGNALS . Mail me to InsideMarketFX@gmail.com or at Skype @insidemarket168 Trade record & statistics: miud.in
Hi, this is my first post here, so it might happen that you will find it bs... I was just takin' a quick look at all the possible pairs I am allowed to trade and I came across this one. Found it interesting. Tell me what you think... On the daily chart it looks like it could go up but I don't know what to make of that huge shadow.
Eur-Pln Short Setup Resistance Area Rejected With Grave Stone Doji Also Rejected Trend line After Retrenchment Fibbo Also Confluence
EUR/PLN edges higher, ignores bullish Polish manufacturing PMI data EUR/PLN was better bid despite bullish Polish data, trades at 4.2490, away from 4.2417 low hit earlier in the day Poland Purchasing Manager Index increased to 52.2 in October from previous 50.9, labour creation extended for a 27th month Risk-off trades following the release of the Caixin...