USDPLN trade ideas
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%.
The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine.
Spotlight on the currencies of Ukraine’s neighbours
The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022.
The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%.
Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
USDPLN-BUY strategyThe pair has corrected from the highs, and this provides an opportunity to go LONG instead.
The current 4.20-4.2100 is good BUY level for a move back towards 4.4500 or higher. The stop-loss should be placed below the cloud 4.1300, and perhaps little lower below 4.1200 for now.
Fundamentally we are close boarder with Ukraine and anything can happen. That is why the USDPLN will be well supported on the bid side is my personal view.
usdpln possible gains in short sellingpossible gains in short selling
possible gains in short selling
USDPLN-SELL+++A friendly connection highlighted the USDPLN to be a SELL, and yes I agree with him.
The RSI is very overextended and it looks we should have a SELL current 4.5500 for a correction back towards 4.25 for now.
I am not committing to it as I already have a number of items on the board, but I strongly agree with this one being a short.
the leverage can be a little higher as it's already quite extreme.
Ichimoku:USDPLN The last failure was in the link.if you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk.
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Ichimoku:USDPLN sharp drop is mentioned.Ichimoku:USDPLN sharp drop is mentioned.
if you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk.
My trading behavior report is available at the link below.
I can analyze the market in a short time, involving foreign exchange, encrypted currency, commodities and stock indexes.
Quality needs your long-term follow-up verification.
Your support and comments are the driving force of my update! and Thank you
USDPLN- SELL strategyIt looks like viewing THREE BLACK CROWS on candle stick pattern and we also have good cloud resistance 4.0700 above.
The direction seems to go towards 3.9500 at a minimum.
the strategy is SELL current 4.0300-4.0400 and place stop-loss 4.0775 for now. The profit order to be 3.9550.
USDPLN WEEK BUYOverall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
USDPLN-BUY strategyThe USDPLN had a nice run down and we are oversold right now. The DC also kind of suggesting little lower.
Based on that I suggest BUY current 3.9400-3.9550 for a move back to 4.0500 short-term. Stop-loss let's say below 3.9000 for now.
USDPLN- Great time to open SELL positionUSDPLN after a short break with a declining trend is trying to continue with lower blows.
Here it is wise to open the SELL position and monitor if it happens that the daytime spark plug is canceled by the candlestick, then you should watch and choose the moment to close the position so that there are no unnecessary losses. This currency pair has a chance to hit up to level 4.0.
Trade safely.
USDPLN Lots of uncertainty in the growing trendThis currency pair has had a lot of uncertainty about the direction of movement for several days.
If the Omicron strain were to grow dizzyingly in the US, it is very likely that it will move towards 4.0.
We have to take care of the risk in order to trade as long as possible.
Inflation in Poland is also growing dizzyingly, the effect of the TURKISH LIRA may appear ... :)
USDPLN- Trend changeWe have had a decline for a few days this currency pair looks set to reverse its upward trend.
They will probably test level 4.20 or 4.21.
If I have time, I will try to give a more serious analysis of this currency pair later.
USDPLN CAN BE HIGHER NEXT WEEK?!As we can see USD/PLN rejected this support zone quite nicely, we can surf the trend and pick the next wave soon.
USDPLNUSDPLN
I dont have anything to explain here. after this omricon it will be there
omricon I view it as just market manipulation
USD PLN - SELL positionWhen I look at the daily chart I see that the MA100 is far from the current price, on the other hand last week on the daily level we had several times higher prices or 4.10, it seems that this currency pair will move to 4.0 level next week.
On the other hand, we have several important events for the USD, which will additionally create sales pressure.
Next week, Wednesday will be a crucial day for the movement of this currency pair.
Should there be green candles on Monday and Tuesday , we may need to consider selling with the obligatory SL.
I will probably sell, but maybe on 4.09 or 4.10 with SL 4.11 or 4.12.
Thank you
USDPLN - The declining trend continuesWhen we look at the W1 chart, we notice that the higher price has been disliked several times. Personally, it seems to me that the declining trend will continue. Maybe up to 4 or lower ..
