Closing price (black) is near horizontal level price, EMA 10 Close Price, EMA 20 Close Price, and a Previous Pivot Point Price; Enter a long position. The rejection candlestick open and close price has a short distance.
It looks like PLN will get stronger despite the inflation. Isn't it perfect to get everyones attention to growing money supply (inflation) and at the same time make the currency stronger? How is that possible? I am not a fundamental analyst so i can't tell you how the mafia operates but one thing for sure is the less people know, the more money for those that call...
EURPLN is moving inside an ascending channel and the price is now near to monthly structure . Currently the market is consolidating below a minor resistance. According to Plancton's strategy if the price will break above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
No change in the bearish FX_IDC:EURPLN tone, as falling intraday studies keep near-term sentiment negative and extend pressure on support at the 4.4950 Fibonacci retracement and congestion around 4.5000. Daily stochastics and the Tension Indicator continue to fall, and broader weekly charts are also deteriorating, pointing to potential for still further slippage...
we can see the price bounced again from the key resistance , fast drop down indicates the strenght of sellers
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...
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...
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 pair has discontinued its uptrend (RSI = 61.957, MACD = 0.014, Highs/Lows = 0.0151) this week having been rejected near the 4.4000 1D Resistance. This creates ideal conditions for a reversal towards the 4.31460 1D Support, essentially aiming to trade within a Rectangle pattern. We are short on this formation with 4.33200 - 4.31460 as the Target Zone. **...
Trading these odd pairings can be tough but with the ECB set to destroy the value of the Euro further in about a week and the algo triggering a short signal, might be worth a small play. Volume is starting to pick up, and momentum to the downside has plenty of room to run even if it's flattening out a bit today.
The Euro has been appreciating gradually against the Polish Zloty since the middle of August. This movement has been bounded in an ascending channel. As apparent on the chart, the currency pair is trying to surpass the resistance cluster formed by a combination of the 55-, 100-, 200-hour SMAs, the Fibonacci 38.20% retracement, the weekly PP and the monthly S1...
EURPLN is still within a 1W Rectangle (RSI = 49.997, ADX = 15.208, CCI = -49.2070, Highs/Lows = 0.0000) trading sideways within the 4.2660 Support and 4.34100 Resistance. We continue buying near the Support and selling near the Resistance.
The EUR/PLN currency pair has been trading in symmetrical triangle since the beginning of July. Also, the pair reversed from the upper pattern line located near 4.3282. Given that currently the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair goes downside. A potential target is the lower triangle line located circa 4.2800....