SHORTThe price gives a triangle on the attached monthly chart and has now broken the top. It seems that the price wants to make a pullback. This possible monthly pullback is what I want to take advantage of to make a short negotiation in a smaller time frame.Shortby MGRAELBA4
EUR/PLN MULTI-TIMEFRAME ANALYSIS UPDATE!!!Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.04:11by transparent-fx88
eurpln buywe have a clear retracement of the last leg of the W pattern which indicates for good probabilities to the upsideLong03:17by SafariFx4
The “unnecessary” rate cut from the Polish central bankThe broad weakness of the euro in the foreign exchange market today was seemingly brushed off by bullish investors. The news about the Polish zloty and the “unnecessary” rate cut from the Polish central bank has weakened the Polish zloty, preventing bearish investors from regaining their footing. The euro to Polish zloty trading pair will remain widely bullish thanks to the negativity regarding the zloty. According to a local report, an expert said that the previous rate cuts from the Polish central bank contributed to the strain felt by the zloty, which is now greatly undervalued against the Single currency. Apparently, the central bank has already slashed its official interest rates twice this year thanks to the pandemic. As of writing, the interest rates of Poland currently stand at 0.50%. And later today, the central bank is scheduled to unveil its interest rates decision which is widely expected to be left unmoved this May.Longby Financebroker3
#EURPLN - Possible double topGonna risk a short, there is huge FVG below & possible double top forming, expecting at least a move down to golden pocket 0.618-0.65 i have set only 25% of bids set for now, res i will update once we get there, i don't follow FA but i know it plays a role so if you are not risk taker be patient by TradingV213
EUR/PLN breaking above historical high. The pair is in an important place, as it just broke through a historical high from 2011, which has been retested in 2016, but failed. Its 2020 and in a rapid impulse it cleared the High and pulled back for a retest where as you see, it created a solid demand zone where buyers step in. As you know impulse- correction - impulse. The rest is on the chart. There is a lot of negative sentiment now in Poland, as we are approaching a joke of a presidential election, that noone besides the ruling party wants, and I am expecting the PLN to loose value. The green circles are areas where I will monitor the price action. In my opinion the high of 4,63 is going to be cleared, then I will analyze again. Longby lukaszl7
eurpln looks bearisheurpln looks drop to confirming daily demand strong area. good time to set but limits.Shortby saqibrajaforexgroup5
EUR/PLN bulls are struggling to regain their momentum backEUR/PLN bulls are struggling to regain their momentum back in the sessions resulting in the pair to trade sideways in recent days. After the pair touched its resistance level in the past sessions, bears were able to tone down the momentum of bulls. Still, looking at the chart, it’s evident that bullish investors continue to hold on to their gains as the pair remains widely bullish. Since the second half of March, bulls have propelled the 50-day moving average farther above the 200-day moving average, signaling a promising bullish run for the pair in the near-term trading. Moreover, according to recent reports, for the first time in record, the National Bank of Poland has started to purchase government bonds. The quantitative easing worried the investors of the Polish zloty, leaving the currency volatile in the forex market. Reports say that a bond-buying operation worth PLN 30.6 billion has trigger questions and concerns for the Polish economy’s status.Longby Financebroker6
EUR/PLN BULLLISH PENNANT IDEATake a look at the eur/pln to see a possible bullish pennant in consolidation, our strategy will consist in waiting the pullback before to place our long entry (also 4h chart relevant) . Pay particular attention to possible different developments of the price action because of this technical figure might turns out to be a descendant triangle, for this reason will be essential to WAIT FOR THE PULLBACK. Reasonable profit target at least the previous highs.by VittorioDestro19954
EUR/PLN MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 02:59by transparent-fx4492
EURPLN descending triangle about to break? What do you thinktime to trade against EUR?by julenlarranaga4
5 PLN coming soon!Hi All, I think we will see the Euro trading at the price of 5 PLN until the end of this year. Here is WHY: From a fundamental perspective: Capital in times of panic and distress migrates from emerging markets (Poland is still regarded as such by many investors) toward the US dollar (and other safe currencies such as: JPY, CHF and EUR) -which is then converted into US treasuries. What is more the Polish Central Bank is launching his own expansionary monetary policy in response to the Corona Crisis. It is not only providing extra liquidity to the banking sector through repo transactions (up to 10 billions PLN a week), but it also lowered the minimum reserve ratio from 3,5% to 0,5%! This means the PCB will flood the banking sector with funny money which will eventually spill into the market. The PCB will increase it's balance sheet by about 200 billions , which will be almost 9% of the Polish GDP. In the US Q1 had about the same proportions! This is BIG! What is more the current interest rate in Poland is at it's historical low: 0,5% which combined with an accelerating inflation (around 5%) doesn't make the polish bond market a tempting destination. During the next waves of market panic the polish Zloty will face a strong devaluation against major currencies. From a technical perspective: We just broke through a multi-year consolidation triangle. We completed a 5 Elliot Wave pattern inside it and exploded to the up-side with an enormous volume (green cyrcle) in mid-March. This is extremely bullish! Prepare for another bull run on EURPLN. My target: 5 PLN. Longby lucamodena225
EURPLN Trading Plan BUY - Riks Reward 1:2.5 EURPLN Trading Plan BUY - Riks Reward 1:2.5 Longby ekopurdana5
EUR|PLN - Short OpportunityThere is an opportunity to short the EUR|PLN coming off the top of the descending channel .Shortby effilangUpdated 1
H&S pattern on EURPLNThis is a short-term retracement that is expected to take place after such a dynamic impulse. TA: H&S pattern, confirmed by divergence on RSI and falling volume falling RSI I didn't want to mess up the chart so I excluded from it the Ichimoku indicator. We just broke into the Ichimoku cloud. What is more the cloud i reversing - turning red. Those are bearish signals. From a fundamental perspective: Capital in times of panic and distress is migrating from emerging markets (Poland is still regarded as such by many investors) toward US treasuries. What is more the current interest rate in Poland is at it's historical low: 1% which combined with an accelerating inflation (around 5%) doesn't makes the polish bond market a tempting destination. During the next waves of market panic the polish Zloty will face a strong devaluation against major currencies. I think this retracement will be just a preparation for another bull run on EURPLN. I expect the price to fall till 4.38 PLN level and meet a very strong resistance zone that have been acting as a major support/resistence level for the last decade. + we will probably touch the 200 MA which will also act as a support level. From that point I expect the EURPLN to explode north with a final destination around 5 PLN. This is a bold call so please... appreciate it ;) GL & HF ;)Shortby lucamodenaUpdated 5
Corona yet to comeCorona has not yet hit Poland to its full extend. With its healthcare system in pretty bad shape, this can turn out pretty badly. Looking to sell at historic all time high.Longby slaughtered_sheep224
EURPLN Trading Plan SELL - Riks Reward 1:3EURPLN Trading Plan SELL - Riks Reward 1:3Shortby ekopurdanaUpdated 5