The common European currency has shown solid growth against the Polish Zloty since February 20. Bulls have managed to push the rate 2.63% higher during this time, thus reaching a four-month peak of 4.2420 earlier today. The pair’s current movement has been confined in an ascending channel. The Euro, however, has failed to maintain the steep positioning and has...
we are on the middle of wave 3 - short definitively 2 harmonic pattern forming their point D in confluence - getting into the trade
wave number 3 ends at least 4.08 wich is 161.8 of retracement of wave 1 getting into the trade 2 harmonic patterns forming, their point D in confluence + at this point we have 61.8 retracement from the biggining of this impulse
PLN has come under pressure after the National Bank of Poland reiterated its dovish stance at its policy meeting yesterday. Governor Glapinski suggested that the NBP may raise rates at the end of 2019 at the earliest, but current projections show no reason to raise rates before the end of 2020. This comes after the NBP revised its inflation forecasts marginally...
Following a rebound from a 2,5-year low of 4.1317 late in January, the EUR/PLN exchange began moving higher in an ascending channel. This junior pattern proved to be strong enough to allow for a breakout of the dominant five-month channel last week (dashed lines). Technical indicators suggest that some upside potential still exists in the market. It could be...
not advice. for testing myself. tavsiye degildir. kendimi test etmek amaciyla paylasiyorum
I think EURPLN -0.21% range for the up coming period will be working in range 4.08 PLN - 4.40 PLN so my personal opinion above this should be sell and below this should be buy for the long term
I think EURPLN range for the up coming period will be working in range 4.08 PLN - 4.40 PLN so my personal opinion above this should be sell and below this should be buy for the long term
The price has exceeded the resistance that we can draw on a weekly chart. At the beginning I expect slight decreases and then increases to the limit (around the blue line).
D1 BREAK OF TREND LINE - RETEST AND LONG TO 50% FIB LEVEL
Down trend line on D1 chart is still in play. SL: 4.16700. TP: on last bottom
The Euro has weakened notably against the Polish Zloty within the previous four months. During this time, the pair has diminished its trading range and formed a falling wedge pattern. The most recent test of its upper boundary started on January 19. The rate remained near this line for several sessions, but eventually fell down to the weekly S3 near 4.1350. In...
EUR/PLN has been constrained by a channel down since mid-September. Given that the Euro has been trading with diminishing trading range, a falling wedge would be more precise depiction. The bottom line of this pattern was tested last week when the rate reversed from the 4.1425 area. Its subsequent movement was tended northwards within a narrow and steep...
The common European currency recently bounced off a dominant pattern’s resistance level against the Polish Zloty. In the aftermath of that event the currency pair began to plummet until it reached down to the combined support of the monthly PP and the lower trend line of the junior channel up pattern near the 4.2150 mark. However, in accordance with the larger...
Very, very much looking forward to the empty force
The Euro’s movement against the Polish Zloty has been guide by several patterns since mid-September. The dominant one is a steep channel down. Its latest wave lacked direction, thus it could be characterized as a period of consolidation as a result of which another channel was formed. Meanwhile, the Euro bounced off the senior channel last week and has since...