EURPLN
Zloty may weaken Zloty may weaken because political instabilities in Poland. Maybe we will observe a correction after a 7 month-strength of zloty.
EURPLN While We Wait For Important NumbersThis is one of those higher spread pairs, but with a tight SL and a quick to action response, I trust this one to be a fine trade. I have a small position currently on the short side and hopefully can cash in tomorrow or the day after. Buying power seems weak, looking over the indicators, on the Stochastic - which I do not have on this chart - also indicates exhaustion on the buying side. Trade this one with caution, on the monthly and weekly chart it's near previous tested resistance.
EURPLN LONGHey guys. Heading into new trading week we have a nice opportunity to go long on EURPLN. The red trendline has been supportive for all recent reversals to the upside since beginning of the 2016. The same thing can be said about 100 bar Weekly Moving Average. Today we can see a hollow candle being formed on daily char. My idea would be entering now with SL at 4.25 and a minimum TP at 4.35 with a potential to go higher. Good luck everyone!
Short EURPLNOne of the trades that we put on with premium members is this short EURPLN trade from current levels to target the 4.2820 level.
Bearish EURPLNA bearish head and shoulders pattern has been broken to the downside with a target of 4.3413. Regardless of the pattern formation we are bearish with multiple targets that are lower anyways. So we like this trade a lot. A break of the 4.4015 level should get price action moving to the downside. We just posted additional details for premium members.
EURPLN Last trend line breakoutDepending on how the EUR will perform when the number come out through out the week. I believe EURPLN will continue down. But I will keep an eye on the 200MA, it need to break the line confidently before it's a save bet.
EURPLN LONGWe have a very nice trendline that price bounced off on multle occasion. A great oportunity to go long. Whatch the Moving Averages as always, stop loss at around 4.41 - 4.415 for high risk reward ratio. Good luck.
EURPLN to test the year heightThe Polish currency is not doing well recently. The new political party is introducing anti-business laws. I expect the currency may be weaker especially at the end of the year. Before a new heights will be introduced, first an attack at this height will be in play.
This is only my opinion, please share your views and act to your own strategy.
#EURPLN - the second time we bounced supportThe second time we bounced support... time to swing. We can set long position with small S/L below ~4.25740.. and T/P around resistance ~4.3667.
Move idea on EURPLNwe will see if the analysis is correct on this pair to enter short after lower trendline break.
Short EUR/PLN close below 20-DMAPolish 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 Draghi's presser to determine the next leg of move for the shared currency.
The pair broke below 20-DMA support at 4.3183, scope for test of 78.6% Fib at 4.2855.
Momentum studies are bearish, RSI is below the 50 mark, Stochs are biased south and MACD line is on the verge of a bearish crossover on signal line.
Major support levels - 4.3085 (61.8% Fib), 4.2959 (Aug 23 low), 4.2855 (78.6% Fib)
Major resistance levels - 4.3182 (20-DMA), 4.3246 (50% Fib), 4.3337 (5-DMA)
Good to go short on a close below 20-DMA, SL: 4.3250, TP: 4.2959/ 4.2855/ 1.2730
EURPLN LongEURPLN 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.
Eurpln Long On Bank HolidayI 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
Short EURPLNA potential short in EURPLN, after not negative outlook from the rating agency, published on last Friday,
Support zone pullback Massive Support Levels 4.24 , 4.20, 4.15, 4.10 . waiting for a reversal pattern to contniue long entry . RSI ~30
EURPLN next sell-off coming - S&P cuts rating on Poland'sEURPLN next sell-off coming - S&P cuts rating on Poland's
EURPLN - PA heading towards level 4.37. Ichimoku and RenkoThe pair is currently bullish and will soon reach a level that it tested back in the mid of December. If it breaks this level, it may head towards the next Fib level (4.438). Note that the cloud is steeper in this new attempt and the PA may have enough force to break through. In this case, a long entry could be foreseen.
EURPLN - Trend analysis using RenkoRenko is fine to check support and trend as it removes time from an already too complex equation. For the EURPLN pair, we clearly see the supporting diagonal for the last 8 months. We also observe that the bounce of this summer is repeating right now with a similar intensity. By copying the pattern of this summer, we may expect a small correction towards the (C) point and then waves heading towards the high of end 2014 (which was subject to a testing attempt in december). This opens opportunities for a long trade as soon as the correction is over.
