PLNEUR trade ideas
EUR/PLN will continue its rally towards a major uptrend resistanThe pair will continue its rally towards a major uptrend resistance line. Poland's unemployment rate grew for the third consecutive month to 5.5%. Though its part of the countryโs unemployment cycle, the increase in M3 Money Supply is threatening to weaken the Polish zloty. M3 includes coins and notes in circulation and other assets that are convertible to cash, and short-term and long-term bank deposits. The increase in M3 for the month of March 2020 is 9.3%, higher than its previous record of 8.3%. It is also higher than the 8.8% increase forecasted by analysts. This will be catastrophic for its already high inflation rate at 4.4%. Meanwhile, the Eurozone recorded a slump in M3 at 5.0% from 5.6% in February, also lower from 5.5% expectations. The control in money supply will be good for its inflation data and for its economy. The weak economy will also weaken the political stance of Poland in the European Union.
ridethepig | PLN Market Commentary 2020.02.19The outflows from Poland have been staggering to say the least, large sharks abandoning ship before the storm reaches shore. Notice how the NBP (National Bank of Poland) has been dovish even though inflation ticks higher ...everything is fine right...
We traded the PLN devaluation versus CZK previously, now I prefer EURPLN longs as my 'weapon' of choice. There is room for a leg into 4.3075x and 4.333x as the extension.
Thanks as usual for keeping the support coming with likes, comments and etc. An important round of G10 and EM macro FX charts coming over the next few sessions ...
EurPln Buy Short term Hi All ,
An interesting trade setup on this pair , Using the W1 chart , we can see price is still inside a bullish range , we don't need to be dramatic about the long movement , so patient with this pair should give us some well deserve reward . It's not a day trade , however re-assessing price action below the trendline is necessary if price fails to continue the bullish range leg .
Sl marked and we adjust only when price move in our direction to entry or above .
many thanks .
EURPLN is crashing downI see the opportunity to sell EURPLN
It is crashing down big time
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EURPLN very interested to observe SELLI see this pair and i think that this pair move very interesting way
I want to see how it will play on this role
I will be sell on this one
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Channel top testingPrice testing top of the downtrend channel. Significant ressistance is a bit higher so we can expect breaking out from the channel. However if price will show a bounce now, we can take short positions in direction of the channel
EUR/PLN will continue to move lower in the following days toward๐น๐๐๐ ๐ฃ๐ ๐ช๐ ๐ฆ ๐ฃ๐๐๐ ๐ฅ๐๐๐ค ๐๐๐๐, ๐ก๐๐๐๐ค๐, ๐๐๐๐๐ ๐ฅ๐๐ ๐๐๐๐ ๐๐ฎ๐ญ๐ญ๐จ๐ง ๐ฅ๐ ๐ค๐ฆ๐ก๐ก๐ ๐ฃ๐ฅ ๐๐ช ๐จ๐ ๐ฃ๐.
๐ ๐จ๐ ๐ฆ๐๐ ๐๐ก๐ก๐ฃ๐๐๐๐๐ฅ๐ ๐๐ฅ.
The pair will continue to move lower in the following days toward its previous low. As the United Kingdom is about to depart from the European Union on January 31, a possibility of a new country leaving the bloc is increasing. A resolution calling for Poland to respect the rule of law was passed with 446 votes to 178 and 41 abstentions, warning the former communist party of triggering Article 7 (1) of the EU Constitution. The Polish government on the other hand, warned that increasing pressure from the EU and its meddling in the countryโs affairs might result to Poland eventually leaving the bloc. Despite this, Brussels is trying to hold everyone after it backs Poland against Russian accusation that the country started the World War II. This was amid the warming relationship between Russia and the European Union, specifically with the EU de facto leaders French President Emmanuel Macron and German Chancellor Angela Merkel.
EUR/PLN Near Major Support - Breach or Bounce both TradableThe Euro and Polish zloty (PLN) is testing a major support area on the daily chart, in place since June of 2018
The support area is a large one, between 4.26 and 4.237.
The price has been consolidating around 4.26 since Dec. 17. The high of the consolidation is 4.2755 and the low is 4.2528 (small pink rectangle).
The breakout direction for that consolidation could indicate the direction the pair is likely to move over the coming months.
A break lower from the two-week consolidation (small pink rectangle) means the price is still in the support area, but could keep falling to test the 4.23 region. A continued drop below the support area indicates a further decline to the next major support area between 4.16 and 4.13.
A short trade has the added benefit of a positive roll. The Eurozone has 0% interest rates, while Poland has an interest rate of 1.5%.
If the two-week consolidation breaks to the upside, it could be inferred that the large support area has held and the price will continue oscillating in a large range. Range resistance is 4.40 to 4.42. If the EUR/PLN rises, that is the target over the next several months.
EURPLN - D - H4 TRENDFOLLOWING - TOP CR 5.99HELLO COMMUNITY,
HERE IS MY LONG IDEA FOR THE EURPLN / EURO - POLISH ZLOTY.
IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME.
1. STRONG SUPPORT
2. THE BULLS COME IN THE MARKET
3. HIGHER LOW
4. H4 UP TREND
5. MY ORDER
BEST REGARDS
EUR/PLN makes a correction but possible reversal around supportThe EUR/PLN is moving around the support zone between 4.25 - 4.28. Please be aware that around this level the EUR/PLN can make a higher low.
If this happens, then a positive short term trend can start and that will give room for more upside potential for a test the high of this year!
So lets watch closely to what will happen around this level.
EURPLN is technically on a new up trendLONG - EURPLN
SL: 4.24797 (Suggested by our algorithmic system)
TP: 4.31189
Reasons behind this idea:
1. Price broke through resistance trendline
2. RSI & MACD indicator is showing bullish divergence
Caution: Important economic reports are due on November 15th.
---------- Chart Drawings ----------
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit
Green Arrow: Bullish Divergence
Trade idea from our mobile app: ibb.co
Please trade responsibly and good luck!
ANALYSIS ON EURPLNANALYSIS ON EURPLN
Welcome to my analysis
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30Min CHart
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Interesting Point of interest In the EURPLN pair.
- Price above 100/200 day EMA.
- sell at top 4.29000 zone.
- Expecting more downward momentum.
- Watch 4.2500-4.21600 for take profit.
- MACD showing bearish divergence
Stay Tuned
Long EURPLN @ 42600 - RSI Divergence #fxRSI Divergence on EURPLN. Combining Friday & Mondays price action gives us a solid bullish hammer as an entry. Stop placed below recent low and limit placed at 50% retracement of recent move for 1:4.3 R:R. One slight drawback on this setup that isn't sitting right with me is the fact that the lower bollinger band has not been tested although the RSI dipping to 25 shows its oversold status.
