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, Boiiiiiiiiiiiiiiiiiii
USDPLX trade ideas
USD/PLN opportunityThis is only my analysis and I do not pretend to be expert, so, be careful.
I expect few moves the next few weeks. It follows the same logic than for my other post on EUR/CAD.
1) USD/PLN should stay quiet during this time, between 3.70 and 3.73-75, waiting for the news.
2) The PLN then, should be be strengthened because of the ECB decision rate the 9th June, breaking the 3.70 support to the next one at 3.6. European news are impacting the PLN, as a member of the Euro Area (even if Poland does not have the same currency, but by gravity).
The Polish economy is growing, the expected GDP (around 4%) is a good indicator of it; the good EUR performance and the business sentiment are positively impacting the PLN, pushing down the pair.
3) A correction should appear during the week, bringing the USD/PLN aroung 3.70.
4) As the markets are strongly expecting, the FED decision will improve the USD, then a move to 3.85 is 90% possible, if not even more.
In theory, a perfect move can be to short until 3.6 and to buy until the USD/PLN is reaching 3.85 ~ 200 pips.
In addition, the PLN is most likely to depreciate his currency, as it appears to be done every six months. The last interesting time that occured, was during the Trump election when the pair was at 4.27. If the PLN depreciates in the same time than USD appreciates, a move until 4 or 4.10 (if the 4 psychological resistance breaks) is not to exclude.
Good luck and trade safe.
USDPLN; More Losses Ahead After A Minor CorrectionThis pair has broken down its upward sloping channel and is now reached a support area. I expect a minor upward correction and then another down leg towards the next support level.
Good luck,
Ali Sharifazadeh, CFTe
USDPLN: Strong SupportStrong Support Is near the where the price is so be careful to short and wait for long triggers
PLN stronger than the dollarThe Polish zloty is strengthening continuously from December 2016. In the long term it is not excluded that again for the dollar we will pay 3 zloty !!!! Only a zloty will break below 3.7, then 3.5. But the foundations say it's possible!
USDPLN: descending triangle on 1h scaleA descending triangle in 1h scale in Polish zloty. Note that on a larger scale (daily or weekly), a breakdown across a support occurred a few days ago.
Polish zloty breached trendlineIt looks like that USD/PLN has breached support that has been held for 2 years.
USD/PLN LONGWe recommend open long positions for USD/PLN. Key point after breakout: 4.05, 4.08, 4.12
FULL DEPTH ANALYSIS - -MEDIUM TO LONG TERMI expect price to bounce from weekly trendline for one more up before big fall.
MACD shows divergence however there is still enough room for one move to upside and there is high probability that DXY index will reverse in this week for last upleg before reversal.
usd/zloty long based on miner's methodologyBrown elipse is the place to take long posision, after stoch oscilator on 4H turns up (oscilator on day chart just turn up)
It's a crossroad of few key fibo retracments, key support and few time zones extensions (blue lines).
I think that new trend after correction ABC i've matched goes higher that the last one - stop loss: depens on strategy. I think few pips under end of C wave is good idea.
Waiting for Bear canldeAs tittle said, we are waiting for touch of TOPS line(green), after that preparing for read a BEARISH candle. Setup alarm like me . Thank you.
Shorts Active We have a close below the Fib 23.6%
Looking for shorts till Fib 50% - 4.04
Weak Dollar Happening
Good Luck
USD/PLN - LONGIn overall, i expect USD/PLN will move in range of uptrend channel until, it will reach down trend line. If it breaks out red resistance level and green down trend line, make a flag down, it will keep on going up.
