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EURPLN

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 - sixth day of upward movement in a rowIn our previous analysis of the EUR/PLN exchange rate, we’ve been talking about a potential XABCD harmonic pattern which could also be labeled as simple correction ABC. The market has moved above potential resistance at 4,50 PLN which opened the way to another potential resistance at 4,55 PLN. However, if this level is broken the market may move even to the December top at 4,62 PLN. It seems that we’re currently observing a potential impulse wave that could be similar to the one observed in the second half of the last month of 2020. ________ 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. 76.44% 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
2
EUR/PLN - potential harmonic patternThe EUR/PLN exchange rate has been forming a potential bullish harmonic pattern labeled as XABCD. What is more, it could also be labeled as ABC simple corrective pattern so the market may be prepared for a potential new impulse wave. The euro could strengthen to Polish zloty after a 4,50 level breakout and then the way to the next 4,55 resistance level. It seems that only a move below 4,47 may change the sentiment from bullish to bearish. ________ 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. 76.44% 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
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
Germany’s retail sales MoM reportThe pair failed to break out from a major resistance line, sending the pair lower towards a major support line. Germany’s retail sales MoM report recorded its second-highest monthly growth since July 2011. However, this optimism quickly turned into pessimism as the country’s year-over-year result for the report recorded a 3.1% improvement. This represents the second consecutive decline for the report, which contradicts the MoM report for the month of August. While western Europe’s economy remains uncertain with its future, eastern Europe led by Poland is on the rise. A recent report showed the country shrinking by less than 3.0% this year. Analysts also see a strong rebound for the economy in 2021. A major catalyst for this was the country’s strict tax collection. Moreover, the recently passed 2021 budget for Poland includes a budget deficit of up to 4.6% to help businesses and individuals to cope up with the economic impact of COVID-19.
Short
by Financebroker
The increasing number of coronavirus infections in PolandThe Polish zloty fails to gain support from the optimism in the region’s stock market. Prices of the euro to Polish zloty trading pair are projected to rally and hit their resistance level by the first half of September. Vaccine hopes have greatly improved the optimism in the global markets. However, the increasing number of coronavirus infections in Poland is helping the cause of bullish investors. Just recently, it was reported that the number of confirmed cases in Poland jumped to more than 63,000 according to the Polish Ministry of Health. However, compared to other countries around the World, Poland’s outbreak isn’t that big. On the other hand, the slight improvements in the US-China trade talks supported the cause of the euro. Just recently, it was reported that the two feuding sides finally held a phone call which boosted the optimism and risk sentiment in the market. Aside from that, the positive economic data from the euro is also helping it to remain strong.
Long
by Financebroker
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
The euro doesn’t stand a chance against the Polish zlotyDespite the strength of the euro against other major currencies such as the US dollar, it, unfortunately, doesn’t stand a chance against the Polish zloty. In fact, bears have been slowly and steadily dragging the pair, and now it’s heading towards its support level. It’s believed that prices will go down to its lowest ranges in nearly five months as the Polish zloty works to recover the euro’s major gains from the beginning of the pandemic. What’s slowing down the Polish zloty now is the fears of another wave of coronavirus infections in the nation. That would further harm the economy and do more damage to the zloty. The reopening of economies in the region has benefited almost all of the currencies there, and the zloty is no exemption. One of the main factors that have affected the Polish zloty is the recent election in the country. Just recently, Poland’s top court ruled that the results of the presidential elections were valid, closing the argument for now.
Short
by Financebroker
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
EUR/PLN - still within a trend channelThe EUR/PLN currency pair has been moving within a trend channel since the end of March. The pair has tested the lower limit of the channel as a potential support area and also has tested the upper limit as potential resistance. Last week it has been defended so the market may move to the next potential support at 4,36 or at the line drawn through the bottoms. It seems that only a breakout of the upper limit of the channel may change the sentiment from bearish to bullish. ________ 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. 79% 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 triangle range 🦐 The market has been retracing till the 0.5 fib level and price is moving inside a triangle pattern. If the market will manage to break the triangle and break also the lower yellow structure we can set 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. Update idea
Short
by InkyGrip