The US Dollar is trading in three channels simultaneously against the Polish Zloty. The senior pattern has confined the rate for the last seven months. If looking at the pair’s movement two weeks ago, it is apparent that the senior channel took the upper hand over a more junior formation, as the rate halted near the 3.67 mark, thus failing to reach the upper...
Maybe the worst period for USD is at the end . the cross bounce on the resistance and try to rise The short term market pressure confirm the new direction.
USD/PLN had been trading in a descending channel in force since mid-November, 2016. After breaching this pattern last week, the Greenback retraced from its upper boundary early on Monday. Thus, the dominant pattern now is an ascending channel which was formed mid-July. The rate’s trading range within this pattern has diminished, as it has failed to touch the...
USD/PLN 1H Chart: Channel Up The American Dollar is trading against the Polish Zloty in two week long ascending channel that started to form after the currency exchange rate changed a direction and jumped through the 55- and 100-hour SMAs to the top. By the moment, it consists of four confirmation points, which means that it has reached maturity and might...
The US Dollar is trading in an ascending wedge against the Polish Zloty. It might be assumed that the given pattern has reached its maturity that might result in a breakout this week. Ascending wedge is a continuation pattern that should guide the pair southwards, breaching a support cluster formed by the 55– and 100-hour SMAs circa 3.6430. A possible downside...
USD/PLN 1H Chart: Descending Triangle The American Dollar is losing value against the Polish Zloty in a pattern that has the features of a descending triangle. An impulse necessary for its formation was given by an announcement of the US Federal Funds Rate on Wednesday. In theory, the currency rate should exit the pattern in the southern direction. ...
In mid April, I had posted here about further price decline on the pair and could test the 1.38 level. Now we have seen the price breaking below that level and it is a good time to enter for the upside move. Any downward price movement from here is going to be limited considering the take-profit target at 1.421....
This is only my analysis and I do not pretend to be expert, so, be careful. I expect few moves the next few weeks. It follows the same logic than for my other post on EUR/CAD. 1) USD/PLN should stay quiet during this time, between 3.70 and 3.73-75, waiting for the news. 2) The PLN then, should be be strengthened because of the ECB decision rate the 9th June,...
This pair has broken down its upward sloping channel and is now reached a support area. I expect a minor upward correction and then another down leg towards the next support level. Good luck, Ali Sharifazadeh, CFTe
Here is my quick scan of the market. Of course please don't just buy in Long/Short just because strength shows overbought/oversold. There is always more room to 0 or 100. 1Day: AUDCHF - 26 RSI USDCHF - 29 RSI USDSGD - 28 RSI USDDKK - 26RSI Honorable mentions: USDPLN - 30 RSI Rising ATR NZDCHF - 30 RSI USDNOK - 31 RSI High ATR EURNZD - 75 RSI EURSEK - 72...
We recommend open long positions for USD/PLN. Key point after breakout: 4.05, 4.08, 4.12
Brown elipse is the place to take long posision, after stoch oscilator on 4H turns up (oscilator on day chart just turn up) It's a crossroad of few key fibo retracments, key support and few time zones extensions (blue lines). I think that new trend after correction ABC i've matched goes higher that the last one - stop loss: depens on strategy. I think few pips...