Its OK to short USDPLN as it reached the fib arc level and is forming double top on 4 hours chart. Price will do the Elliot 1-5 wave cycle all the way down to the 0.5 fibonacci level - Gann angle, where it will make Elliott ABC correction and then will go up again...Watch closely the previous patterns as its again repeats the previous moves that I highlighted....
Just now..... to the next DZ tf D1
There is probably a change of hands. Bears seem to have taken control. Watch price action before taking any action.
After testing the upper boundary of a long-term channel for a couple of weeks, the US Dollar picked up significant force late in April, dashed through its upper boundary and the 55-, 100– and 200-period SMAs and skyrocketed up to the monthly R2 situated near the 3.62 level. This strong upside momentum has been constrained in a narrow ascending channel. It is...
On the daily chart of USDPLN, the price has started a new downtrend. We expect the price to go lower within the fifth Elliott wave of down period.
On the weekly outlook USD/PLN downtred met a strong support around the 3.4900 area. The bears are showing weakness as we can see from a 7 week's higher lows. Perhaps the time of bulls has come. If the price continues starts a bullish trend the first resistance will be at 3.5000, then if it breaks at 3.7000.
USDPLN buy idea @ the Demand zone 3.12864
The US Dollar has diminished its trading range against the Polish Zloty within the last few months, thus forming a medium-term triangle. After bouncing off the lower boundary of this pattern last week, the pair has entered a minor period of consolidation towards the senior channel located near the 3.42 mark. It is apparent that the pair has been reluctant to...
The large fundamental changes in the strength of the US Dollar have caused a massive change of direction on the USD/PLN currency pair’s charts. Namely the decline in the US equity markets and the shift in the US monetary policy combined broke the resistance lines of all of the dominant patterns of the USD/PLN. Due to that reason Dukascopy analysts set Fibonacci...
USD/PLN is trading in two channels which are guiding its movement. During the past six weeks, the Greenback has been trading sideways in the 3.3085/3.4330 area. Its latest movement upwards, however, was disrupted by the senior channel near the 3.40 mark, thus sending the US Dollar for a minor period of decline. It is likely that this dominant pattern, reinforced...
The US Dollar has been trading against the Polish Zloty in a descending channel since November, 2016. The bottom boundary of this long-term pattern was tested on January 25 near 3.31—level which also marks the lowest point since mid-2014. The pair has since edged higher; however, it has failed to move away from the senior channel. Meanwhile, the pair’s latest...
I think this is forming a bearish gartley on the h1 I plan on riding out D leg and then fib from AD to for my short position I will be updating and possibly posting the short upon completion.. thanks comment, critique still perfecting my craft so anything is helpful thanks.
This is deciding point for USDPLN pair. First signs of potential reversal at the bottom of the channel are visible on the lower time frames.
The US Dollar is surging against the Polish Zloty in a highly volatile manner. The pattern, which is considered the junior one, has had its both trend lines touched even during a daily timeframe. However, recently the currency exchange rate has been beaten down by a resistance cluster, which does not include the upper trend line of the ascending channel. Due to...
Now this pair is at its cross roads. It can either break below the support line (red dotted line) and heads towards 3.338 then rebound or from current price , it heads for a pull back and goes up to 3.698. Notice that twice the price action hits 3.528 and rebound? See, it is between 50% and 61.8% FIB zone so it need not be precisely touching this two points before...