USDPLNSEK has already reverted to the mean PLN seems to be in an arbitrage type of set up. This could be coupled with impending potential dollar weakness.
PLNUSD trade ideas
Review of the USDPLN chart on the 1D intervalHi everyone,
Let's take a look at the USDPLN chart in the 1-day range.
As you can see, we moved in an uptrend channel marked with yellow lines for a while, then entered a downtrend marked with blue lines, and then exited from the top.
It is worth setting the first support zone from PLN 4.63 to PLN 4.57, and then we have a strong support zone from PLN 4.47 to PLN 4.37. Looking further, we see another support at the level of PLN 4.24
Now let's move on to the resistance that the USD valuation has on the way and we can see that the first resistance is a strong zone from 4.72 to 4.78 PLN and another resistance at 4.86 PLN.
Let's take a look at the Chop indicator, which shows that we are getting energized after the last increase, and the MACD indicator shows a local downtrend.
Review of the USD / PLN chart on the 1D intervalHi everyone,
Let's take a look at the USDPLN chart on the 1-day interval.
As you can see, for some time we were moving in the uptrend channel marked by yellow lines, but now we are moving in the local downward trend.
It is worth setting the first support line at 4.54 PLN, and then we have a strong support zone from 4.47 PLN to 4.37 PLN. Looking further, we see another support at the level of PLN 4.24
Now let's move on to the resistance that the USD valuation has on its way and we see that the first resistance appears at 4.64PLN, the next one at 4.68PLN, then we have a strong resistance zone from 4.72PLN to 4.78PLN and the next resistance at 4.86PLN.
Let's look at the Chop indicator which shows that we still have a lot of energy and the MACD indicator shows a local downward trend, but the blue line bends strongly and is close to the intersection of the red line from the bottom, which would confirm the upward trend change.
Usd/Pln analysis According to geometric shapes and fibonacci
I see a bullish trend in usd/pln 1h time frame
But don't trade via my idea
Never do it
Please don't deal via my suggestion According to geometric shapes and fibonaci, I see a bullish trend
SHORT IDEA ON USDPLN This is my idea of a short position on this pair for your consideration. USDPLN is overbought, bearish divergence in place on weekly time frame. I suggest going short to the level of 4.3. Good RR.
Trade safe
Cheers
USD.PLNThe reading, preliminary, of CPI inflation for July did not bring much surprise. The dynamics amounted to 15.5% y/y equaling the June reading. A large part of the market assumed that a month ago we observed a peak in dynamics, meanwhile we received a flattening. From the MPC's perspective, this doesn't change much (sub-1x25b expected). Interestingly, we received a comment from the PFR today suggesting still a space of 50-75bp.
SHORT - USDPLN - 30MPAIR:- USDPLN
INSTRUMENT:- Forex
POSITION:- Short
TIMEFRAME:- 30 minutes
STRATEGY:- Swinging between Support & Resistances + Candlestick Pattern
REASON:- Waiting for price to bounce @ Resistance. Putting the sell limit order @ resistance level. Seller wicks at resistance level.
S/R Lines @ 1D/4H/2H/1H/45M to take entry in 30M tf
ENTRY:- 4.68505
TAKE PROFIT:- 4.67106
STOP LOSS:- 4.68977
RR:- 1.8:1
Sell limit Order @ Resistance
USDPLN-SELL++Short-term we are very overbought, and the steepness of the move suggests a correction is very likely.
For now, we may see some attempt 4.8500 however, sell into any USD strength for now.
Strategy SELL current 4.8200-4.85 and take profit @ 4.6375 for now.
USD PLN + World CrashDuring the collapse of the US stock market, the dollar will weaken a lot. This will have consequences in other Countries. Then it will be the only one to rebound the rest of the currencies will be in a rut.
This is the scenario.
USDPLN-SELL strategyIt looks as if we may see some downward correction coming up soon. We are high into BB and also doji cross and high stoch RSI.
Strategy is SELL current @ 4.6900 and TP @ 4.4850-4.5100 for now. If going higher add @ 4.7300 area.
USDPLNUpside rising wedge break possible on macro 3D - 1W
Primer sym triangle breakout on 4H.
Thats it thats all.....patterns.
LONG - USDPLN - 1HINSTRUMENT:- USDPLN
POSITION:- Long
TIMEFRAME:- 1 Hour
STRATEGY:- Dow Theory + Candlestick Pattern
REASON:-
* Multiple bullish candlesticks (Engulfing + Hammers)
* Trendline not broken
Entry @ CMP
Take Profit @ 4.54274
Stop loss @ 4.43808
Risk to Reward:- 1.91
USDPLN-SELL strategyThe strategy is a SELL but wait patiently for the right level. The daily chart has little more chance to move higher 4.52-4.5500, but weekly chart clearly shows we are negative and over-time likely we re-visit 4.2300 again is my view.
USDPLN-BUY strategyWe may see little lower then current 4.2600 level as we are below cloud resistance 4.2800 handle.
However, we got a low stochastic RSI and this suggest be careful as it can turn a bit.
The way the pattern shows, we may see 4.20-4.22 first before we see higher moving back towards 4.3500.
Strategy is BUY @ 4.2150-4.2250 and place stop-loss @ 4.1700 and profit order 4.3275 for now. Please note overall we are medium-term down ward path I feel.
USDPLNlETS MAKe some money ha finallly we have to be back to reality we hope things like this wont dpliet like luna
LONGHello Friends, We applied Triangle Breakout and fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8 . Like, comment if You see a better picture. HAPPY TRADING
USDPLN-SELL strategyThe pattern looks good for a move lower with limited upside risk for now (unless something drastic will happen).
The turning of buying pressure is changing and we are peaking on that front. This suggests the following strategy:
SELL current 4.44-4.45 and place stop-loss above 4.60. The profit order can be somewhere 4.25 or lower. I see in fact larger adjustment downwards.
As a note, the pair should benefit from extreme RUB strength, which I cannot explain.
USDPLN-SELL strategyWe are showing some topping formation and also we are slightly overbought and stochastic is negative.
Strategy is SELL current 4.4200-4.4300 but place a stop-loss above 4.5500.. as we cannot be sure what may happen on the crisis front.. careful on this pair...
Profit order I feel 4.2500.
