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POLISH ZLOTY / EURO

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PLNEUR 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.
Long
by Market_Virtuoso
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
Long
by dogecoin_chain
4
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!
Short
by ForexRobotEasy
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.
Short
by CryptoPAMM
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!
Long
by ForexRobotEasy
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.
Long
by Scythe_
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. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Long
by The_STA
1