The large fundamental changes in the strength of the US Dollar have caused a massive change of direction on the USD/PLN currency pair’s charts. Namely the decline in the US equity markets and the shift in the US monetary policy combined broke the resistance lines of all of the dominant patterns of the USD/PLN. Due to that reason Dukascopy analysts set Fibonacci...
USD/PLN is trading in two channels which are guiding its movement. During the past six weeks, the Greenback has been trading sideways in the 3.3085/3.4330 area. Its latest movement upwards, however, was disrupted by the senior channel near the 3.40 mark, thus sending the US Dollar for a minor period of decline. It is likely that this dominant pattern, reinforced...
The US Dollar has been trading against the Polish Zloty in a descending channel since November, 2016. The bottom boundary of this long-term pattern was tested on January 25 near 3.31—level which also marks the lowest point since mid-2014. The pair has since edged higher; however, it has failed to move away from the senior channel. Meanwhile, the pair’s latest...
The 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...
EUR/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...
This is deciding point for USDPLN pair. First signs of potential reversal at the bottom of the channel are visible on the lower time frames.
The US Dollar is surging against the Polish Zloty in a highly volatile manner. The pattern, which is considered the junior one, has had its both trend lines touched even during a daily timeframe. However, recently the currency exchange rate has been beaten down by a resistance cluster, which does not include the upper trend line of the ascending channel. Due to...
The 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...
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The cross seems to have a good support at this point. The USD is getting stronger and this price maybe a good point to entering long after some more confirmations. The long term market pressure still light negative -4.0 but the higher value of short term market pressure -3.2 is tipical of a reversal point. This analysis is based on Market pressure value, you...
Short PLNSEK @ 2.3544 TP @ 2.3073, SL your choice
Long AUDPLN @ 2.7155; TP @ 2.7657, SL your choice
The 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...
The US Dollar is trading in three channels simultaneously against the Polish Zloty. The senior pattern has confined the rate for the last seven months. If looking at the pair’s movement two weeks ago, it is apparent that the senior channel took the upper hand over a more junior formation, as the rate halted near the 3.67 mark, thus failing to reach the upper...
Maybe the worst period for USD is at the end . the cross bounce on the resistance and try to rise The short term market pressure confirm the new direction.
USD/PLN had been trading in a descending channel in force since mid-November, 2016. After breaching this pattern last week, the Greenback retraced from its upper boundary early on Monday. Thus, the dominant pattern now is an ascending channel which was formed mid-July. The rate’s trading range within this pattern has diminished, as it has failed to touch the...
The EUR/PLN exchange rare is trading in two opposing channels. The senior pattern is a six-week channel down, while the pair’s movement during the past week-and-a-half has been guided by an ascending channel. The rate is currently regaining some lost positions and moving closer to the upper boundary of the senior pattern. On October 3, the Euro beached a...
EUR/PLN had been trading in an ascending channel since late August prior to breaching this pattern to the downside on Tuesday. The pair’s movement during the past two weeks resembles a channel down; however, another bottom confirmation is still needed. Meanwhile, the common European currency has been testing the lower channel line for several hours, thus not...