EURPLN trade ideas
Zloty Long Trade SetupCurrent Position:
FPMARKETS:EURPLN recently approached the lower bound of its trading range for the past year, presenting an attractive entry point for a long trade.
Supporting Factors:
NBP Hawkishness: The National Bank of Poland's hawkish guidance at its December meeting has supported the zloty, but risks of an earlier-than-expected rate cut may weaken it.
External Risks: Potential trade frictions under the incoming US administration could hurt the European outlook and indirectly weigh on Poland's economy.
Technical Setup:
The technical backdrop supports a higher FPMARKETS:EURPLN , suggesting bullish potential.
Risks:
A swift resolution to the Ukraine war, as indicated by President-elect Trump’s intentions, could strengthen the zloty and pose downside risks to the trade.
EURPLAN MARKET ANALYSIS AND PRICE PREDICTIONEURPLAN has started consolidating at the renegotiation zone. I think the final decision will favor the Bull. In few days if there is an order in favor of the Bulls, the it will retrace a little to retest the order block and give the Bulls a good entry position. Lets watch and see what will happen!
Entry, take profit and Stop loss are all well stated on the chat.
Good Luck Guys!
Polish Zloty target and trend channel supportFacts:
1) This is a third time price is testing the trend channel support.
2) We see on MACD oscillator is the reversal is started.
There is a possibility that the support will be broken, but the previous Global financial crisis, the EURPLN pair acted in the opposite direction. If this time mechanics will work out the same way, price may hit 6.4 PLN per single EUR.
As per time span, according to previous GFC's stats, once it started it may last whiting 10-15 months
EURPLN Trade Signal: SellWe are issuing a Sell signal for the EURPLN currency pair. The entry price is set at 4.28464 , with a Take Profit target at 4.26977667 and a Stop Loss at 4.30147667 . This prediction is made using the EASY Quantum Ai strategy.
Trade Parameters:
Direction: Sell
Enter Price: 4.28464
Take Profit: 4.26977667
Stop Loss: 4.30147667
Rationale:
1. Technical Analysis: Our analysis shows significant resistance around the 4.3000 level. The currency pair has struggled to break this barrier, indicating a potential downside move.
2. Economic Indicators: Recent economic data from the Eurozone suggests weakening fundamentals, which could negatively impact the EUR and lead to a decrease in EURPLN.
3. Momentum Indicators: RSI and MACD indicators are signaling overbought conditions, suggesting a downward correction is imminent.
4. Polish Central Bank Policy: The National Bank of Poland has shown signs of potential intervention to support the PLN, adding fundamental pressure on EURPLN.
Please Note:
Trading carries risk, and it is crucial to follow risk management practices. This signal should be used alongside your own analysis and judgment.
Use this information wisely and trade safely!
EURPLN Short Trade SetupAfter conducting an analysis on EURPLN, we are excited to present our trade setup.
This opportunity boasts a favorable risk/reward ratio, although it does require patience due to a longer waiting period.
Nevertheless, swing traders may find this setup intriguing and worth considering.
EUR/PLN Bearish Momentum Building Below 200 EMA
⚫Back in April 2024, the EUR/PLN pair tested the 4.2500 support zone, where a triple bottom was established. Over the past five months, the price has consistently failed to break below this level. Simultaneously, we can identify a resistance area near 4.3750, where a double top was formed, indicating a clear trading range between 4.2500 support and 4.3750 resistance—a classic example of range trading.
⚫Looking at the broader picture, in January 2024, the 4.4100 area, previously a support level, flipped to become resistance, confirming the continuation of a long-term bearish trend. Additionally, EUR/PLN remains below the 200 Exponential Moving Average, further reinforcing the likelihood of continued downward movement.
⚫Recent price action, particularly from an Elliott Wave perspective, suggests the formation of an ABC corrective pattern, which was halted at the 4.3311 resistance level, precisely aligning with the Volume Profile. (For those unfamiliar, the Volume Profile highlights the price level where the most trading volume occurred.)
⚫Analyzing the potential Elliott Wave count, EUR/PLN appears to be progressing into the strongest downward wave—wave 3. Overall, the technical outlook remains exceptionally bearish for the long term. As a downside target and potential final support for the 5-wave decline, we can consider the double 227.2% Fibonacci support, located around the 4.1425 area.
⚫While the odds strongly favor the downtrend, it's crucial for traders to remain vigilant. In the event that the price breaks above the 4.3750 resistance, it could signal the beginning of a shift from a bearish to a bullish trend.
EURPLN updated trade ideaPreviously we shared EURPLN short trade setup, which was closed at break even. This time is a new setup with different downside target.
I have taken a small Long position at start of NZ session EURPLN
The EUR looks very oversold against the Poles' at the present. I took a very small lot size in this trade. Always slippage in Oceania at the commencement. We pay a premium living down-under!
regards
Chris
EURPLN Trade Signal: BuyWe have identified a trading opportunity for the EURPLN currency pair based on a thorough analysis using the EASY Quantum Ai strategy. The market indicators suggest a potential upward movement. Here are the details:
Direction: Buy
Enter Price: 4.29711
Take Profit: 4.30743
Stop Loss: 4.27908
The rationale behind this signal is several key factors, analyzed through our advanced algorithm:
1. Economic Indicators: Recent economic data from the Eurozone shows positive momentum, with GDP growth and employment figures beating expectations. Poland's economic indicators are also solid, but the Eurozone's strength appears to outweigh current resistance levels.
2. Technical Analysis: Technical indicators, including moving averages and trend lines, show a strong buy signal. The EURPLN pair is trading above its 50-day moving average, indicating a sustained upward trend.
3. Market Sentiment: Market sentiment and investor confidence in the Eurozone have increased recently due to improved geopolitical conditions and successful monetary policies.
4. Relative Strength Index (RSI): The RSI is indicating that the pair is not yet in an overbought state, leaving room for upward movement.
5. Interest Rate Differential: The interest rate differential between the Eurozone and Poland is currently favoring the Euro, providing additional support for the bullish outlook on the EURPLN pair.
Please monitor the price levels closely and adjust your risk management strategies accordingly. As always, ensure that you stay updated with any economic news that might impact the currency pair.
Happy Trading!
EURPLN for a buyThe Daily downtrend has been broken which then created an impulsive move towards the upside. The corrective wave seems to be coming to an end at the Daily demand zone as as well as the 4 hour OB.
Lets see how it goes.
EURPLN SWING LONGEURPLN Swing long. Price is at weekly support which as held for a long time, this is also first retest of this strong support areaexpecting swing up to weekly resistance . first tp 50% at 200ma
Long on EURPLNLong position on EURPLN as we are testing significant long term trend line. We see some reaction on this level last weeks
EURPLN Price channel bottoming- LONGHello fellow traders,
this idea is based on a price channel and RSI low levels indicating there is yes more sales and price might reverse- always protect your trade with a s/l, here is the risk reward 1 to 2.8
this is not a trading advise!
Coiled and ready to rip EURPLN is finally waking up and moving out of the base. Pink lines are potential take profit targest. As you can see all major MAs are coiled as well and ready to flare.
Waiting for the breakout from one of those trend lineEuro/Polski zloty
I'm waiting for the breakout from one of those trend lines before I'll BUY or SELL.
EURPLN - Channel ReversionWait for price to close above the channel low before entering a Long trade with a target below the high of the channel. Stop Loss below the last pivot low.
Soap bubbleOn Sunday, there will be elections, and this artificially maintained financial situation in the country, just like fuel prices, might burst like a soap bubble.
Fuel prices are artificially being kept low, and some gas stations are not operational due to fuel shortages. The government is distributing money left and right, all to win the elections. Winning the elections at the expense of the country's economy is not the best option. Elections are taking place this Sunday, and no matter which party comes to power, the Polish Zloty won't be able to artificially maintain its value. There was a powerful upward movement, and at the moment, we've made a strong collection move. The MA65 on the daily chart acted as resistance, after which buying volumes formed. I'm opening a long position with targets as shown on the chart.
One to put on the radar!A combination of sideways trading over a 6-week period, a mild buy signal on the DMI and the fact that price is consolidating above its 55-day ma all suggests to us that the market is trying to base.
We have cloud resistance that the market is pushing quite hard into, and should we see a close above 4.5042, the recent high it should be well placed for further gains to 4.55/4.56 and potentially to the 200-day ma around 4.5950.
Maintain a positive bias for now while above the 55-day ma at 4.45.
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Big moves ahead EURPLN has finally bottomed out, created a nice round bottom and is starting to crawl upwards. Price is trading above both major moving averages (100 and 200) on H4. As you can our first target should be the 38% Fib retracement and our second longer term target is around the 61.8% Fib, just near the volatility gap.
EURPLN Bullish set upEURPLN after long bearish run finally showing us some resistance also regular divergences working towards reversal movement, the most important question is. Is it right now or after a bit?
