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...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURPLN, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
we can see the price bounced again from the key resistance , fast drop down indicates the strenght of sellers
Hello Friends! I hope "EURPLN" will go Short 'Buy' and touch R1 then some correction. After her correction, it will touch R2 and R3. Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation. ....Thank you....
The pair failed to break out from a major resistance line, sending the pair lower towards a major support line. Germany’s retail sales MoM report recorded its second-highest monthly growth since July 2011. However, this optimism quickly turned into pessimism as the country’s year-over-year result for the report recorded a 3.1% improvement. This represents the...
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...