EUR/PLN intermediate bearish trend takes support at 20-EMA, rallies seem momentary as bulls struggle to clear major resistances:
The pair after testing supports at 4.2625 levels, bull swing has been dragging from last 3-4 consecutive days but the prevailing upswings could be dragged but capped at resistances of 4.3124 & 4.3185, failure swings may bring in...
Polish Monetary Policy Council left interest rate unchanged at 1.5 percent Wednesday largely in line with expectations.
The ECB earlier today maintained status-quo and left its main refinancing rate, deposit rate and marginal lending rates at 0.0%, -0.40% and 0.25% respectively.
The euro edged slightly higher after ECB decision. Focus now on ECB President Mario...
Traders,
get ready to short!
Seeing clear weakness at the resistance and fibonnaci levels.
First target is at the long term support line. 2nd goes for an AB=CD.
If you arent already on short, wait for a intraday retracement is preferred.
Best of luck!
EURPLN appears to be headed up. The recent down-trend seems to have ended with a doji, followed by an up-week that had high volume and a stochastic buy signal.
I know I know it is bank holiday but what to do it is only looking bullish right now on h4 and i cannot miss this long here
not that much fast move expecting from this but looking like it will continue to the top
Showing signs of reversal here let us see
Trade Safe
EURPLN is in a total overbought condition, RSI rocketing to the sky. Price also reached its top with a candle and its long wick. Price should now be attracted by the Tenkan.
First of all I don't really understand what makes PLN so attractive, as politics is shame sht there as few months ago. Macro has not changed either.
Weekly:
- Ichimoku back to neutral, thick Kumo shades price candles ahead.
- Heikin-Ashi has been consecutive bearish for the last 6 weeks, with strong momentum, candles had no upper wicks, candle bodies were long....
EURPLN had been rising since April 2015 in a channel from which it escaped in January before consolidating a bit. Price is now oscillating in a falling wedge and is being compressed, it found some support at 4.35 and is testing the upper trend. The volume is slightly decreasing which is a scenario often seen in wedges.
According to Bulkowski, the probability of...
Weekly:
- Ichimoku setup is bullish, trend is bullish. Kijun Sen should act as good support at 4,3470
- Heikin-Ashi is counter bearish as mkt is in pull back phase after blow up, but haDelta did not make a lower low and seems to be bottoming out.
- EWO is bullish
Daily:
- Ichimoku setup is neutral due to sharp pull back to Kumo.
- Price retested Kumo and 100WMA....
EURPLN is in a bullish move on the Ichimoku H4 chart. However it just broke the Kijun by initiating a "Draghi" pullback that failed to go deeper than the lower side of a parallel channel where the price is evolving. The flat Kijun at 4.41 offers a good support as well as the current cloud with a SSB at 4.42.
As soon as the trend reverses and the Kijun is broken...
