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Polishzloty

Head and Shoulders formation. Short near the top of RS.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 4.23609 support. The 1D Channel Down that should emerge can even target 4.22033.
Short
by InvestingScope
2
Both Targets hit. 1D Channel Up intact. Long.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 action is Long again with TP = 4.3700 again and 4.41340 (latest High) in extension.
Long
by InvestingScope
1
CHF/PLN may find a near term support.It has to be said, that 2017 was a very good year for the Polish Zloty. One reason is the strong global risk sentiment but strong Polish economic numbers and the change in government has also played a role. Regardless of how you feel about the Emerging-market currencies and CHF/PLN in particular, one could argue that they are getting close to a bounce. It may not be the ultimate low, but I think value players will be looking soon at these currencies. Disclaimer: I have no CHF/PLN position, but may initiate one in the coming days.
Long
by crncy
1