📈🚀 USDPLN: Bullish Outlook for Monday Trading! 🚀📈
💡 Technical Analysis: The USDPLN forex currency pair is showcasing a perfectly bullish trend on the 1-hour chart!
📈 The price action is forming higher highs and higher lows, supported by a strong bullish trend line.
📈📈 Additionally, the Momentum Indicator RSI exhibits no signs of divergence, reinforcing the...
On the USDPLN currency pair a trading opportunity to buy is building. I would look for the first purchases at a price around 4.24 and if this level does not hold, then only at a price of 3.98. I would manage the exact entries from a lower time frame only when the price approaches these levels.
Hello fellow traders,
This idea is based on the fact the price has reached 4.10 being the lowest for a long time and as it's also on the weekly EMA200 it's a good place for the price to have a turning point at least to the Fib level of 0.382 at 4.25
This is not a trading advise it's just an idea so trade carefully, place your bets with s/l being at your own nerve...
The USD/PLN currency pair is currently hitting a crucial support level, signaling a potentially significant opportunity for those looking to capitalize on the market's movements. This announcement brings with it a multitude of possibilities for traders seeking to enhance their portfolios and make informed trading decisions.
Dollar once again hit 4.25$ level which was resistance from 2016 to february 2022 when price went above and this way created support which was tested in may/june 2022, january/february 2023 and right now. It seems solid so I would expect 5$ level retest in the near future and that way creating double bottom on current support. But if price will go below 4.25 and...
Analysis:
USDPLN is currently in a bearish trend. Price is printing a potential ABCD pattern. If the price breaks below 4.256599 which is level B, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be level C at 4.308155.
------ Trade ------
Type: Short
Entry: 4.256599
Stop Loss:...
USD looks Bullish for one last leg up. In meanwhile, BTC and Crypto will dump. One USD is done creating the right shoulder of this massive Head and Shoulder pattern, it will dump heavily and BTC will then enter Bull Market.
Sorry for messy Technical Analysis. No time to make it neat before publishing.
The idea is very simple... Despite it having a significantly higher interest rate than the US, capital isn't flowing in the country. Poland is in a very tough place right now, as it has a relatively small economy and doesn't have a currency that is widely used. Europe overall is a big mess, and the PLN is affected by the EUR too. The ECB still has rates at -0.5%...
