Pln
$USDPLN #FOREX ready to backtest some previous resistance areaConfirmation of a breakout may be a signal for 4.35 +
USDPLN: Long opportunity within a 1D Megaphone.The pair is trading within a 1D Bullish Megaphone pattern (RSI = 63.428, MACD = 0.027, Highs/Lows = 0.0246) since the late June bottom. On September 13th it even tested and held the 3.90000 1D Support which is more than enough (along with the 1D MA50) to sustain this uptrend. Our goal is the 4.10000 1M Resistance which has been holding since the Lower High in March 2017.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
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.
CHFPLN Sell SignalPattern: 1D Rectangle.
Signal: Sell as the price is near th 4.0500 1D Resistance.
Target: 3.9910 (the 4H Support).
USDPLN Buy SignalPattern: Head and Shoulders on 1D.
Signal: Bullish as the Right Shoulder formation bounced on the 4H Support.
Target: 4.9900 (just below the Resistance).
EURPLN shortTrading these odd pairings can be tough but with the ECB set to destroy the value of the Euro further in about a week and the algo triggering a short signal, might be worth a small play.
Volume is starting to pick up, and momentum to the downside has plenty of room to run even if it's flattening out a bit today.
USD/PLN Two Possible Scenarios by ThinkingAntsOkDaily Chart Explanation:
On the daily chart, price broke the Channel that has been forming since October '18. After that, consolidated on a triangle pattern and now it is facing the Resistance Zone. In the Short term, we expect a bounce at this level.
Weekly Chart:
#CHFPLNSupport and resistance are identified
The green areas are Target
Pink areas are strong
Time range specified
Channel prices have broken
Short Analysis Explained on USD/PLN by ThinkingAntsOk4H CHART EXPLANATION:
Price is trying to get inside the broken Daily Ascending Wedge, but now is facing the Daily Resistance Zone. We consider it may bounce here and get outside the wedge again. If that happen, then price has a strong bearish potential towards the multiple support zones. It would be necessary for the Ascending Trendline to be broken to confirm the downwards move.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
USD PLN SELL (US DOLLAR - POLISH ZLOTY)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Short Trade and Full Analysis on USD/PLN by ThinkingAntsOk4H CHART EXPLANATION:
In the 4h chart, we observe that price bounced at the Resistance Zone, breaking down the Ascending Trendline. At this moment it is on a corrective structure pullbacking the broken trendline. We expect a breakout from here, and the bearish movement has potential to reach the next Support Zone.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
"Top and Bottom Analysis" USD/PLN by ThinkingAntsOk4H CHART EXPLANATION:
We observe that price broke down the Ascending Wedge Pattern, so, we expect a corrective movement since it did not correct after the breakout. It would be an optimal point to place an entry, looking for a downside move towards the support zone.
MULTI TIMEFRAME ANALYSIS:
- Daily:
- Weekly:
High Risk Reward CHFPLN SHORTCHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.
CHFPLN Buy SignalPattern: 1M Ascending Triangle.
Signal: Bullish (1D Support).
Target: 3.8200 (1D Resistance and 0.5 - 0.382 Fib level).
USDPLN SHORT Sorry for this markup. I feel so comfortable.
No comments required. All description on the chart. Do not forget to look at the chart when closing each bar. All transactions are at your own risk. This is my personal opinion, it may differ from yours.
!!!You make money, not someone instead of you!!!
short PLN after break and hold below 2018 lowOff the beaten track with an "EM exotic" trade.. and the first idea on this pair on tradingview
PLNHUF breaking and having repeated closes below 2018 low opening up a move down to 72 area and potential retest of 2017s low 70 area
LONG USDPLN 4HNO target
If this bar does not work, then the order is desirable to remove
#givemeyourmoney
GBPPLN: Strong Sell Opportunity.The price has crossed into (and naturally/ technically rejected) the long term 4.9427 - 4.9877 Sell Zone on the Monthly Chart (RSI = 50.902, STOCH = 54.497 on mixed MACD = -0.093, Highs/Lows = 0.0464, B/BP = -0.0035). This calls for an optimal sell opportunity with a long term TP = 4.7600. The Buy Zone is illustrated on the dashed green lines for those who wish to take profit earlier. Keep in mind that based on the price action of the past 18 months, the price is more likely to drop now towards 4.8200 and revisit the Sell Zone before the last attempt towards the Buy Zone (happened on the last two occasions).
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
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.
