USDPLN trade ideas
Possible sell on USDPLNPossible return to mid term down trend as we reach resistant area- previous strong support tested multiple times. SL: above 3.51100
2018 could be a bull year for USD - long term viewThis is deciding point for USDPLN pair. First signs of potential reversal at the bottom of the channel are visible on the lower time frames.
USD/PLN 4H Chart: Highly volatile surgeThe US Dollar is surging against the Polish Zloty in a highly volatile manner. The pattern, which is considered the junior one, has had its both trend lines touched even during a daily timeframe.
However, recently the currency exchange rate has been beaten down by a resistance cluster, which does not include the upper trend line of the ascending channel. Due to that reason the various resistance levels just above the 3.59 mark need to be watched closely.
Most likely the rate will pass them eventually, as the pair is being supported by the 55-hour simple moving average.
USDPLN Short SummaryTrading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair on D1 charts alone.
USDPLN
Technical Outlook
To open SHORT positions for USDPLN , it is required:
In this situation for Awesome Osci to go into negative territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met but for now I have entered a small lot position at 3.58208.
Risk Description: Once signal is confirmed 108 pips will be up for grab with small risk SL at swing high.
Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Decreasing wedge pattern / Patrón de cuña decrecienteActivity of technical analysis positions in tradingview,
In the forex market,
Activity 6. Increasing or decreasing wedge pattern
in this case a decreasing wedge pattern is anticipated,
a short is recommended,
a bounce was generated, however the decreasing trend is maintained
Confirmation indicators used:
the resistance and support lines are clearly identifiable,
and the support line, becomes resistance line
Bollinger Bands: The mobile average confirms the decreasing trend
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Actividad de posiciones de análisis técnico en tradingview
En el mercado de divisas,
Actividad 6. Patrón de cuña alcista o bajista
en este caso, se anticipa un patrón de cuña decreciente o bajista,
se recomienda un corto,
se generó un rebote, sin embargo, se mantiene la tendencia decreciente
Indicadores de confirmación utilizados:
las líneas de resistencia y soporte son claramente identificables,
y la línea de soporte, se convierte en línea de resistencia
Bandas de Bollinger: el promedio móvil confirma la tendencia decreciente
Alexis Contreras
Student / Estudiante Tecnologia_Financiera
This is the support ?The cross seems to have a good support at this point.
The USD is getting stronger and this price maybe a good point to entering long after some more confirmations.
The long term market pressure still light negative -4.0 but the higher value of short term market pressure -3.2
is tipical of a reversal point.
This analysis is based on Market pressure value, you can find the long term value value for each cross in my twitter profile.
USDPLN @ crossroadsNow this pair is at its cross roads. It can either break below the support line (red dotted line) and heads towards 3.338 then rebound or from current price , it heads for a pull back and goes up to 3.698. Notice that twice the price action hits 3.528 and rebound? See, it is between 50% and 61.8% FIB zone so it need not be precisely touching this two points before it can have a pullback. Now it is the 3rd attempt, will it continue the prior pattern of retracement or disappoint the traders and head further south? If it is, then it is likely to hit 3.426 which is the lower end of the ascending channel. The weekly chart shows a continuing uptrend for this pair.
LONG TERM VIEWThis is my long term view on this pair based on wave structure analysis. and chart patterns.
I consider two options at moment with much higher probability of one more up wave within channel.
As we are almost at bottom of channel watch for buy setups on lower time frames.
If last up wave develops we should have at least 1 year of increases witch final target around 4.5000 level.
You will be able to trade number of opportunities going along with higher time frame trend.
EURPLZ great long option! EURPLZ at really strong support at FIB 0.236 (3.52104). -> Target now at Fib 0.382 (3.66548).
USD/PLN 1H Chart: Greenback tended southwardsThe US Dollar is trading in three channels simultaneously against the Polish Zloty. The senior pattern has confined the rate for the last seven months.
If looking at the pair’s movement two weeks ago, it is apparent that the senior channel took the upper hand over a more junior formation, as the rate halted near the 3.67 mark, thus failing to reach the upper boundary of the medium-term channel near 3.72.
Currently, the rate is trading in a three-week channel down. Technical indicators signal that the Greenback might still edge slightly higher within the following two sessions, but reverse near the 200-hour SMA circa 3.62/63.
The subsequent movement should be tended south in the short term down to the 3.57 mark where the weekly and monthly S1s and the lower boundary of the medium channel are located. This area could mark a minor correction upwards.
Rebound and up !Maybe the worst period for USD is at the end .
the cross bounce on the resistance and try to rise
The short term market pressure confirm the new direction.
USDPLN LongThis chart is yelling for a Long isnt it? Probability of the price testing the Daily Resistance is high imo.
USD/PLN 1H Chart: US Dollar breaches long-term channelUSD/PLN had been trading in a descending channel in force since mid-November, 2016. After breaching this pattern last week, the Greenback retraced from its upper boundary early on Monday.
Thus, the dominant pattern now is an ascending channel which was formed mid-July. The rate’s trading range within this pattern has diminished, as it has failed to touch the bottom channel boundary on two separate occasions.
From theoretical point of view, the breakout from the senior channel should be followed by a surge. This is likewise supported by the pair’s upward-sloping movement in the junior channel.
The rate is supported by the 100– and 200-hour SMAs, the weekly and monthly PP and the weekly S1 in the 3.64/3.60 territory.
In general, it is likely that one of these levels pressures the US Dollar for a reversal, thus paving the way for a surge in the medium-term.
