USD/PLN 1H Chart: Channel UpUSD/PLN 1H Chart: Channel Up The American Dollar is trading against the Polish Zloty in two week long ascending channel that started to form after the currency exchange rate changed a direction and jumped through the 55- and 100-hour SMAs to the top. By the moment, it consists of four confirmation points, which means that it has reached maturity and might be broken in the nearest future. The breakout might occur even earlier, as the currency pair is simultaneously moving in a junior descending channel whose existence became evident after the buck failed to pass through the monthly PP at 3.6490 yesterday. On the other hand, the road downstairs is secured by the 200-hour SMA and the weekly PP at 3.6252. On the gradual surge to the top additionally point out traders’ mood, which is 72% bullish. by UnknownUnicorn890690Updated 4
USD gain powerAs described by the chart the cross will go up gaining an higher priceLongby MarketMiracleAdvisorUpdated 1
Interesting position on the Polish zloty (USD/PLN)!On a monthly chart, the price pushed away from point 3 of the rising channel and on the weekly chart was closed by takeover. Also the price rebounded from the horizontal support 3.52688. There are two options. The first is buying when the market opens. The second is buying from the middle of the takeover: Buy Limit 3.5500, SL = 3.4900, TP1 = 3.7000, TP2 = 4.1000. Oleg SvirgunLongby TickmillPublished 2
USD/PLN 1H Chart: Ascending WedgeThe US Dollar is trading in an ascending wedge against the Polish Zloty. It might be assumed that the given pattern has reached its maturity that might result in a breakout this week. Ascending wedge is a continuation pattern that should guide the pair southwards, breaching a support cluster formed by the 55– and 100-hour SMAs circa 3.6430. A possible downside target could be set near the 3.62 mark—a level reinforced by the 23.6% Fibonacci retracement, the 200-hour SMA and the weekly PP. The aforementioned limit may likewise work as a reversal point after which the pair could make a retracement to the bottom wedge line. However, in case bears prevail, rate may fall down to the weekly S1 near 3.59. Shortby UnknownUnicorn890690Updated 2
USDPLN, I would like to see another high before the break.USDPLN has reached an important area that has proven difficult to break in the past. Currently forming a large rising wedge, the price has been well contained in a downward channel, I would like to see another test of the top before it breaks lower. Looking for signs of reversal before buying the pair for a good leg higher. Should it breaks, I'd be looking lower.Longby RudiMarinPublished 2
USDPLN - BIGGER FORMATIONWATCH BOTTOM FOR REVERSAL. WHEN BULLISH PRICE ACTION APPEARS BUY. Longby GalaletsangMompeiPublished 9
Potential bullish divergence spottedExpecting to see a short term bottom on this pair. Aiming for a test of 3.80 area before more downside continues Trade at your own risk! Good luck.Longby SnoopyFxPublished 112
USD/PLN 1H Chart: Descending TriangleUSD/PLN 1H Chart: Descending Triangle The American Dollar is losing value against the Polish Zloty in a pattern that has the features of a descending triangle. An impulse necessary for its formation was given by an announcement of the US Federal Funds Rate on Wednesday. In theory, the currency rate should exit the pattern in the southern direction. On validity of this scenario indicate combination of the 20-, 55-, 100-, 200-period SMAs and the weekly PP that exercise pressure on the pair from the top. On the other hand, the lower trend-line coincides with the monthly S2 at 3.6160, which has already proved to be a strong support barrier (6 prior rebounds). Besides, there is a chance that even if the pair breaks downwards, the fall would be stopped near 3.6107, to which point out three William’s fractals. by UnknownUnicorn890690Published 3
USD/PLN Short term tradeIn the 4hr TF: 1) Price touches kijun sen. Will the candle close above kijun sen??? 2) %K crosses %D from below. 3) The angles of %K and %D are at 45 degrees. 4) Current Stochastic value = 60 5) Kumo has two flat resistance lines. In the daily TF: 1) Stochastic is at oversold. The long term trend is bearish. Therefore, this is a short term long trade. Do not trade this pair if uncomfortable. However, the risk to reward ratio is decent and is worth a try. TP 1 = 3.6680 TP 2 = 3.6730 TP 3 = 3.6730 SL = 3.6190Longby Ichimoku_Hokage_NinjaUpdated 2
USD/PLD 4HR Head and Shoulders Pattern Head and shoulder pattern emerging on the 4 HR chart for USD/PLD. The pair moved back up to the neckline and waiting to bounce or break through resistance. Follows, Comments, and Likes are appreciated! by KevinsemPublished 1
USD/PLN 4H Chart: Channel DownUSD/PLN 4H Chart: Channel Down The American Dollar is depreciating against the Polish Zloty simultaneously in two descending channels. The junior inner channel formed after the currency pair bounced off from a combined resistance level set up by the senior pattern’s upper trend-line and the 100-hour SMA. In the first half of Monday the rate is expected to approach the bottom edge of the junior channel, which is secured by the monthly S1 at 3.6636. Due to this additional support line, the pair most probably is going to make another rebound and surge to the weekly PP at 3.6889. Various technical indicators support this scenario, pointing out that the currency pair is oversold . In general, it is unlikely that the pair will manage to break from the channels to the top, as the northern side is additionally protected by the 55- and 100-period SMAs. by UnknownUnicorn890690Published 5
The second try to break 3,70.The Polish zloty is pushing again to the support level at 3,70. If this level get broken, next support level is at 3,52. The best entry for this move, will be when price return to the new resistance level. However if bulls push price back, there is a sharp downtrend channel, so there is high probability of third try to break 3,70. by fosisPublished 4
USDPLN - Decision point....USDPLN @ the critical area on daily chart around 3,82-3,83 (0,618retr+ Overbalance correction). We have nice confirmation of Fibo timing: - 1st correction(time)/2nd correction(time) = 1,272 - 2nd correction(time)/3rd correction(tie) = 0,786 Next resistance area around 3,85. Midterm target profit 3,62-3,67. Trade responsibly. Shortby Fx-NatureUpdated 5
Can't go wrong taking this trade #USDPLNVery classic trade setup. Downward trend is exhausting at the current level. Have been tracking this price action for entry after breaking below 3.81. For long entry, watch price to break above 3.76. ---------------------------------------------------------------------------------------------------------------- Trade outcome: 10-30 days Surefire Trader's trades are profitable. Verified track record, bit.ly Longby SureFire_TraderUpdated 447
usdpln waitingidek wtf this currency is but that doesn't mean I won't make £ off it lol, wait for either downtrend or support to be broken then trade relative to whichever broke, Boiiiiiiiiiiiiiiiiiiiby BRCapitalTradingPublished 4