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U.S. Dollar / Polish Zloty

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USDPLN trade ideas

USD/PLN 1H Chart: Gradual recovery from many-year lowThe US Dollar has been trading against the Polish Zloty in a descending channel since November, 2016. The bottom boundary of this long-term pattern was tested on January 25 near 3.31—level which also marks the lowest point since mid-2014. The pair has since edged higher; however, it has failed to move away from the senior channel. Meanwhile, the pair’s latest wave down has been bounded by two medium-term channels, the most junior of which was being tested today. The pair is expected to make another decline in this session, as a breakout north is likely to be hindered by the combined resistance of the 100– and 200-hour SMAs and the weekly PP circa 1.3430. However, the bullish sentiment should eventually take over the market, thus allowing for the US Dollar to test a channel line in the 3.38/40 area and subsequently move towards the upper boundary of the most senior pattern.
Long
by UnknownUnicorn890690
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.
Long
by UnknownUnicorn890690
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.
Short
by UnknownUnicorn1372988
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 ------------------------------------------------------------------------------- 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
Education
by alexcon3ras
1
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.
by dchua1969
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.
by UnknownUnicorn890690