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CHFPLN

CHFPLN preparing a move or just testing everyone patienceCHFPLN continues to trade inside a developing upward structure after breaking out of a wide descending channel. The current pullback has brought the pair into the demand zone between 4.48 and 4.44 which aligns with the Fibonacci correction range at 0.5 and 0.618. Weekly oscillator divergence signals active buyers defending the lower boundary of the structure. The horizontal level at 4.50 also acts as support increasing the probability of a local reversal. As long as price holds above 4.44 the bullish continuation scenario remains valid. The main target is located near 4.86 which corresponds to the key resistance of the previous pivot. A breakdown of 4.44 may trigger a deeper correction however current price behavior and buyer reaction still favor a recovery. The market may pretend nothing is happening yet demand zones rarely forget what they are designed to do.
Long
by TotoshkaTrades
Polish zloty in trouble: Swiss franc is sharpening its teethTechnically, CHFPLN has completed a consolidation phase within a narrowing triangle and broke to the upside. The pair is now testing the 4.60 level (the 0.618 Fibonacci retracement) from below — a decisive zone. A breakout and confirmation above this area opens the path toward 4.705, which coincides with the 0.5 Fibo level and a local resistance. A pullback from that zone back to 4.60 is possible, but this time as a support retest. If the level holds, the targets remain: 4.91 and 5.13 - both marked by Fibonacci extensions and major long-term horizontal resistance. The EMAs are aligned in support of further upside, with price consistently trading above them. Fundamentally, the Swiss franc remains a safe-haven currency, especially amidst increasing instability in the Eurozone. Weak growth in Germany, looming ECB policy easing, and rising inflationary pressures are all tilting investor interest toward CHF. Meanwhile, Poland faces political uncertainty, budgetary debates, and volatility in the agricultural and energy sectors. All of this strengthens the case for the franc in this pair. Tactically, the game plan is straightforward: a confirmed breakout above 4.60 signals the start of a bullish impulse. The 4.60–4.705 zone is the key area of interest for buyers. If this zone is reclaimed and held, the next targets - 4.91 and 5.13 - remain valid, where large players may look to take profits. If this scenario plays out, the zloty may soon be tuning into Polish radio to sing nostalgic songs about the golden days of its strength.
Long
by TotoshkaTrades
1
CHFPLN Buy SignalPattern: Channel Up. Signal: Buy as the MACD on the 1D time-frame made a bullish cross, while the price is finding Support around the 1D MA200 and the Higher Low trend-line of the Channel Up. Target: 4.2500 (inner Higher Low trend-line). Most recent CHFPLN signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Long
by TradingShot
CHFPLN: Long opportunity within a 1D Rectangle.The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098). At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if the previous bottom is repeated). Our Target Zone is 4.04000 - 4.05500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope