The pair is trading within a 1D Bullish Megaphone pattern (RSI = 63.428, MACD = 0.027, Highs/Lows = 0.0246) since the late June bottom. On September 13th it even tested and held the 3.90000 1D Support which is more than enough (along with the 1D MA50) to sustain this uptrend. Our goal is the 4.10000 1M Resistance which has been holding since the Lower High in...
the polish zloty has been bullish for the past year, and i believe in the process it has formed an ascending channel. the price has reached the resistance of the channel and it has slightly formed a double top in the process. going short at the current market price is the best thing to do, with a really tight stop the risk reward ratio is impressive.
Pattern: Head and Shoulders on 1D. Signal: Bullish as the Right Shoulder formation bounced on the 4H Support. Target: 4.9900 (just below the Resistance).
With time but USDPLN targetingaround 4.3?
Daily Chart Explanation: On the daily chart, price broke the Channel that has been forming since October '18. After that, consolidated on a triangle pattern and now it is facing the Resistance Zone. In the Short term, we expect a bounce at this level. Weekly Chart:
Good afternoon traders! So far I have found only a short scenario on this pair, perhaps a long scenario may emerge once price breaks out to the upside of the rectangular range; until then, however, I remain relatively quite bearish. It will be interesting to hear your views. Cheers. All the best!
Going short this is a reversal as price is above both moving averages. I had this long last week.
We have our stop set @ 3.8470 charts are always on the daily. FOREXCOM:USDPLN
FOREXCOM:USDPLN Formed a bearish shark pattern. RSI is overbought. The price can reach as first target 38.2% of fibonacci and as second target 68.2%
4H CHART EXPLANATION: Price is trying to get inside the broken Daily Ascending Wedge, but now is facing the Daily Resistance Zone. We consider it may bounce here and get outside the wedge again. If that happen, then price has a strong bearish potential towards the multiple support zones. It would be necessary for the Ascending Trendline to be broken to confirm...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
4H CHART EXPLANATION: In the 4h chart, we observe that price bounced at the Resistance Zone, breaking down the Ascending Trendline. At this moment it is on a corrective structure pullbacking the broken trendline. We expect a breakout from here, and the bearish movement has potential to reach the next Support Zone. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
4H CHART EXPLANATION: We observe that price broke down the Ascending Wedge Pattern, so, we expect a corrective movement since it did not correct after the breakout. It would be an optimal point to place an entry, looking for a downside move towards the support zone. MULTI TIMEFRAME ANALYSIS: - Daily: - Weekly: