EUR/PLN 1H Chart: Bearish signals prevailThe EUR/PLN exchange rate has shown no significant changes to its movement during the past two weeks, as it has remained trading in the 4.24/29 trading range. This movement sideways has occurred near the upper boundaries of both long– and medium-term channels. This situation demonstrates that the pair could be ready to abandon its four-week surge and turn to the downside. This scenario is likewise confirmed by converging technical indicators on the 4H and 1D time-frames. There is still some slight upside potential that could guide the Euro to the monthly R2 and the weekly R1 at 4.30. This should be followed by a test of the 55-, 100– and 200-hour SMAs near 4.2615. A successful breakout of this area should send the pair even lower down to the monthly PP and the weekly S2 at 4.21. Shortby UnknownUnicorn8906900
EURPLN Sell IdeaEURPLN Sell Idea @Dialy Supply Zone (4.208 - 4.217) Sell Limit: 4.20876 Stop Loss: 4.21845 Take Profit: 4.17667Shortby Mohamed_KabeshUpdated 6
EUR/PLN 1H Chart: Bearish sentiment allaysThe Euro has depreciated substantially against the Polish Zloty since March 21. The pair reversed from the senior channel located near 4.24 during the given session and began trading in a new channel down. The pair’s trading range within this pattern has diminished, as it has failed to reach its bottom boundary for the past two weeks. This suggests that the Euro might be ready for a bullish breakout. In case this scenario occurs, the pair should target the upper boundary of the senior channel circa 4.22. There are some notable resistance levels along the way that could hinder the pair for some time, including, the 200-hour SMA and the monthly PP at 4.1965 and 4.21, respectively. On the other hand, the rate might still edge slightly lower down to a medium-term channel circa 4.17. A fall below the 4.1650 is not expected. by UnknownUnicorn8906903
EUR/PLN 1H Chart: Bearish wave in sightThe 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 therefore diminished its trading range. Technical indicators on the four-hour time-frame are located in the overbought region, thus pointing to the beginning of a new medium-term decline. The same message is conveyed by shorter-term indicators, especially when the nearest resistance is set by the strong weekly and monthly R2s circa 4.2425. The expected fall might not be very steep during the following sessions, as the southern barrier is protected by several support levels. Additional bearish momentum should be provided when the Euro breaches the weekly PP, the monthly R1 and the 200-hour SMA at 4.21. Shortby UnknownUnicorn890690Updated 1
bat + butterfly + elliott we are on the middle of wave 3 - short definitively 2 harmonic pattern forming their point D in confluence - getting into the trade Shortby UnknownUnicorn25487281
BAT + BUTTERFLY + ELLIOTT 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 Shortby UnknownUnicorn25487281
2018 POLAND ECONOMIC GROWTH OFF TO STRONG START, EU GROWTH HELPSPLN 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 lower in 2018/19 while upgrading its GDP forecasts. Further dovish rhetoric suggesting rates on hold for a prolonged period of time, causing the market to price out hikes, could weigh on PLN from an interest rate differential perspective The NBP is likely to raise rates in 2019, AFTER the ECB. Nevertheless, the fundamental backdrop in Poland remains very strong, with solid growth and an improving external balance. Moreover, an improving Euro area backdrop should also benefit the zloty. We think such strong growth dynamics will ultimately support gradual PLN gains over the medium term. In addition, valuation looks attractive and the authorities continue to appear comfortable with zloty appreciation. In terms of risks, we acknowledge that we may see the zloty remain under pressure in the near term as rate expectations adjust. Credit to Morgan Stanley Research & Bloomberg wbj.plShortby itzbert0
EUR/PLN 1H Chart: Surge in medium term expectedFollowing 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 capped near 4.2050 where the upper boundary of a medium-term channel, the monthly and weekly R1s and the 38.20% Fibo retracement are located. Given this significant resistance area, it is likely that the Euro corrects southwards and falls down to the 55– and 100-hour SMAs and the weekly PP circa 4.19. If looking at the pair’s movement during the two following weeks, the medium-term channel could surrender under the bullish pressure, thus paving the way for a surge in the medium term. Longby UnknownUnicorn8906902
#eurpln 60not advice. for testing myself. tavsiye degildir. kendimi test etmek amaciyla paylasiyorumShortby caferakanUpdated 4
I think this is the rock bottom for EURPLNI 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 by DeLaRose4
I think this is the rock bottom for EURPLN 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 by DeLaRose3
EUR/PLN: buy signalThe 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). Longby MRSURLYUpdated 5
sell on EURPLNDown trend line on D1 chart is still in play. SL: 4.16700. TP: on last bottomShortby derdi912
EUR/PLN 1H Chart: Wedge demonstrates downside potentialThe 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 line with the prevailing wedge, the pair should decline even further down to its bottom boundary located near the 4.11 mark. This scenario should be realised next week. Meanwhile, it is expected that a brief correction up might be due. This increase in price, however, should not be long-lasting, as the northern side is limited by some notable resistance levels, such as the 100– and 200-hour SMAs, as well as the weekly and monthly S1s in the 4.1470/4.1600 area. by UnknownUnicorn8906901
EUR/PLN 1H Chart: Falling wedge dominatesEUR/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 ascending channel. Technical indicators suggest that the rate is likely to edge lower in this session. However, even if the 200-hour SMA is breached, the combined support of the 55– and 100-hour SMAs and the weekly PP is located nearby circa 4.1590. This area is expected to provide a strong barrier, thus resulting in a reversal back north. A near-term upside target is the upper wedge boundary and the monthly PP near 4.19. by UnknownUnicorn8906903
EUR/PLN 4H Chart: Near junior supportThe 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 scale situation that should not have occurred, as the pattern should be broken in the future, and a new junior pattern would form. Due to that reason the rebound is likely to be short lived. by UnknownUnicorn8906901
EUR/PLN 1H Chart: Pair confined by three channelsThe 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 began to edge lower towards the bottom boundary of the intermediate pattern located circa 4.2050. Technical indicators suggest that the pair could make a minor correction during the following day towards the support massive resistance cluster in the 4.2270/4.2350 area. Subsequently, the rate is expected to push for the intermediate channel, thus falling down to the aforementioned 4.2050 mark or the monthly S1 at 4.1920. By and large, given the steepness of the senior channel, it is likely that the Euro respects the intermediate channel more and thus breaches the former within the following week. by UnknownUnicorn8906901