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Eur-pln

EUR/PLN Bearish Momentum Building Below 200 EMA ⚫Back in April 2024, the EUR/PLN pair tested the 4.2500 support zone, where a triple bottom was established. Over the past five months, the price has consistently failed to break below this level. Simultaneously, we can identify a resistance area near 4.3750, where a double top was formed, indicating a clear trading range between 4.2500 support and 4.3750 resistance—a classic example of range trading. ⚫Looking at the broader picture, in January 2024, the 4.4100 area, previously a support level, flipped to become resistance, confirming the continuation of a long-term bearish trend. Additionally, EUR/PLN remains below the 200 Exponential Moving Average, further reinforcing the likelihood of continued downward movement. ⚫Recent price action, particularly from an Elliott Wave perspective, suggests the formation of an ABC corrective pattern, which was halted at the 4.3311 resistance level, precisely aligning with the Volume Profile. (For those unfamiliar, the Volume Profile highlights the price level where the most trading volume occurred.) ⚫Analyzing the potential Elliott Wave count, EUR/PLN appears to be progressing into the strongest downward wave—wave 3. Overall, the technical outlook remains exceptionally bearish for the long term. As a downside target and potential final support for the 5-wave decline, we can consider the double 227.2% Fibonacci support, located around the 4.1425 area. ⚫While the odds strongly favor the downtrend, it's crucial for traders to remain vigilant. In the event that the price breaks above the 4.3750 resistance, it could signal the beginning of a shift from a bearish to a bullish trend.
Short
by CryptoPAMM
EURPLN lookout for headwindIt looks like PLN will get stronger despite the inflation. Isn't it perfect to get everyones attention to growing money supply (inflation) and at the same time make the currency stronger? How is that possible? I am not a fundamental analyst so i can't tell you how the mafia operates but one thing for sure is the less people know, the more money for those that call the shots and take you by surprise. Calling EUR aswell as USD to get weaker against PLN in coming months. Good luck.
by Rafikiki
EURPLN for new recent highs 🦐EURPLN is moving inside an ascending channel and the price is now near to monthly structure . Currently the market is consolidating below a minor resistance. According to Plancton's strategy if the price will break above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
3
EUR/PLN: Scope for lowerNo change in the bearish FX_IDC:EURPLN tone, as falling intraday studies keep near-term sentiment negative and extend pressure on support at the 4.4950 Fibonacci retracement and congestion around 4.5000. Daily stochastics and the Tension Indicator continue to fall, and broader weekly charts are also deteriorating, pointing to potential for still further slippage towards the 4.4650 retracement. Meanwhile, resistance remains at 4.5200. A close above here, if seen, would turn sentiment Neutral and put prices into fresh consolidation below 4.5500.
by Continuum_Economics
EURPLN a short opportunity 🦐After our profit on this pair we look now for a new opportunity. Market hit on the daily support and already tested it few times. Yesterday market tried to break the structure without succes and price got rejected inside the bear flag . Finally seem that price lost support and we can look for a nice short order according with Plancton's strategy . ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
by InkyGrip
8
EURPLN double top on the 0.618 🦐The market has retraced in a inside a channel till the 0.618 fib level and created a double top. Now the price is moving down and if the price will manage to break the channel and consequently will break the 4h structure we can look for a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
EURPLN - a surprising interest rate cutA very surprising cut of interest rates at today's one-day MPC meeting, without a press conference, may have its impact on the future of the Polish zloty. In recent days, the EURPLN exchange rate has come close to potential support located at the previous highs in the area of 4.39-4.41. Additionally, a simple correction labeled as "abc" could appear on the chart. If the reduction of the reference rate from 0.5 to 0.1 percent along with a rather interesting technical arrangement at the same time could affect the market, then the EURPLN exchange rate could move at least to the line drawn along the recent tops. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Daniel_Kostecki
EURPLN: Short opportunity within a 1D Rectangle.The pair has discontinued its uptrend (RSI = 61.957, MACD = 0.014, Highs/Lows = 0.0151) this week having been rejected near the 4.4000 1D Resistance. This creates ideal conditions for a reversal towards the 4.31460 1D Support, essentially aiming to trade within a Rectangle pattern. We are short on this formation with 4.33200 - 4.31460 as the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
EUR/PLN 1H Chart: Ascending trend in sightThe Euro has been appreciating gradually against the Polish Zloty since the middle of August. This movement has been bounded in an ascending channel. As apparent on the chart, the currency pair is trying to surpass the resistance cluster formed by a combination of the 55-, 100-, 200-hour SMAs, the Fibonacci 38.20% retracement, the weekly PP and the monthly S1 in the 4.2932/4.3066 range. It is likely that the pair targets the lower channel line located circa 4.2850. If given channel holds, a reversal north occurs in the nearest future. Otherwise, a breakout south might occur soon. A potential downside target is the psychological level at 4.2600.
by UnknownUnicorn890690
EUR/PLN 1H Chart: Symmetrical triangle in sightThe EUR/PLN currency pair has been trading in symmetrical triangle since the beginning of July. Also, the pair reversed from the upper pattern line located near 4.3282. Given that currently the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair goes downside. A potential target is the lower triangle line located circa 4.2800. Technical indicators for the short term support bearish scenario. If the pattern does not hold, a breakout south might follow. Important support level to look out for is a combination of the Fibonacci 50.00% retracement and the weekly S2 at 4.2738.
by UnknownUnicorn890690
EUR/PLN 1H: Pair tests senior patternThe EUR/PLN exchange rate is trading in two prominent channels. The most senior pattern is an ascending channel which was formed in December 2017, while the more junior one has been guiding the Euro since the beginning of June. The pair reversed from the senior channel on August 17. It did, however, fail to accelerate, being restricted by the junior channel and the monthly PP at 4.32. As a result, it had returned near the senior channel today. Two scenarios should be considered. First, in case the senior channel near 4.2650 remains intact, the rate should target the junior channel circa 4.31 and eventually breach it to the upside. Second, bearish sentiment could prevail in the market, thus setting the 200-day SMA and the monthly S1 at 4.2250 as the most probable downside target.
by UnknownUnicorn890690
Head and Shoulders formation. Short near the top of RS.EURPLN has eventually rebounded on the same distance bar from High to Low and is in the process of forming the Right Shoulder of the 1W Head and Shoulders pattern (RSI = 57.116, CCI = 10.8781, Highs/Lows = 0.0000). 4.3273 is a valid point to enter an additional short as the top is projected to be near 4.3400. A conservative TP is 4.25796 with the extension on the 4.23609 support. The 1D Channel Down that should emerge can even target 4.22033.
Short
by InvestingScope
2