As the inflation is near 2% in Poland, yet the Interest Rates were not cut for a while, I am expecting big positioning in favor of US Dollar. Unstable situation in the region is also a + for this trade idea. The stop loss for me is 3.895 and I am looking to take partials at 4.05, 4.10 and targeting 4.20 for USDPLN.
The idea is very simple... Despite it having a significantly higher interest rate than the US, capital isn't flowing in the country. Poland is in a very tough place right now, as it has a relatively small economy and doesn't have a currency that is widely used. Europe overall is a big mess, and the PLN is affected by the EUR too. The ECB still has rates at -0.5%...
Hi all! This is my idea on the future of the so-called Safe Haven currencies. Remember, people in the need of defense against coming inflation turn into currencies or gold as they do not have much knowledge or energy for other assets. This is why good analysis is needed to see in what currency to invest. In the post-crisis period (4 years), both sides, the euro,...
RUSSIAN RUBLE / POLISH ZLOTY Buy in the area of 0.0498 - 0.0486 Goal 1 - 0.0508 Goal 2 - 0.0520 Goal 3 - 0.0538 Stop, fixing below 0.0484 ✅ f you like what I do, put 👍 and subscribe Waiting for your comment, what do you think about this?
Here we go again: PLN will go strongly down while EUR and CHF will strengthen
Parameters : Position Size : %1 Risk/Reward Ratio : 3 Stop-Loss : 3.92447 Goal : 3.99654
USD Zloty make profit verry great opportunity
EURPLN is still within a 1W Rectangle (RSI = 49.997, ADX = 15.208, CCI = -49.2070, Highs/Lows = 0.0000) trading sideways within the 4.2660 Support and 4.34100 Resistance. We continue buying near the Support and selling near the Resistance.
The pair is rising after it recently priced a Higher Low within the 1D Channel Up (RSI = 55.425, MACD = 0.012, Highs/Lows = 0.0000). We are now expecting the next Higher High near 3.9000. The trade is long, TP = 3.8900.
GBPPLN is trading on a rigid 1D Channel Up (RSI = 56.437, MACD = 0.018, B/BP = 0.0207) and has recently priced a Higher Low (Highs/Lows = 0.000). Technically the price should aim at a Higher High near 5.000. Long, TP = 4.95100.
GBPPLN is on a continuous rejection sequence on the 1D Resistance and given the neutral RSI = 55.898, Highs/Lows = 0, we expect a bearish reversal. Our TP is 4.74030.
USDPLN is on a 1D Channel Up with the currently neutral RSI = 49.701, CCI = 48.079 indicating that a Higher Low is appraoching (3.68 - 3.69). The low gradient allows for a long to be taken on current levels with TP = 3.80148. Projected Higher High = 3.8600.
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...
The last long TP = 3.81038 was hit and shortly after CHFPLN has started a sharp decline on 1D, which has evolved into a Descending Triangle (RSI = 44.646, STOCH = 47.472). The Highs/Lows = 0.0000, MACD = -0.008, B/BP = -0.0069 indicate that the 3.67500 support will be tested again before a new Lower Low near 3.7000 and a final test of the support before the...
EURPLN has switched to a Channel Down on 1D (RSI = 35.852) and despite the slow pace (MACD = -0.016, Highs/Lows = -0.0192, B/BP = -0.0216) can extend (gradually) to a new Lower Low at 4.2200. This is our TP where a short term consolidation is expected (oversold already on STOCH = 19.416, STOCHRSI = 6.677, Williams = -92.202).
Both TP = 4.34099 and 4.3700 got hit on EURPLN as the price aggressively increased inside the 1D Channel Up. This pattern is still intact and as you see it is testing the lower supporting trendline. With the 1D RSI = 48.813, MACD = 0.004, Highs/Lows = -0.0129, we can assume with a certain degree of technical certainty that the new Higher Low has been placed. The...
The common European currency has been declining since the start of July against the Polish Zloty. The event from a technical perspective began due to the currency rate meeting the upper trend line of a dominant ascending channel pattern. The bounce off resulted in the formation of a descending medium term pattern, which is likely going to guide the rate...
Its OK to short USDPLN as it reached the fib arc level and is forming double top on 4 hours chart. Price will do the Elliot 1-5 wave cycle all the way down to the 0.5 fibonacci level - Gann angle, where it will make Elliott ABC correction and then will go up again...Watch closely the previous patterns as its again repeats the previous moves that I highlighted....