Earnings on USDPLN currency pair

  • Dec 02 2016
Earnings on USDPLN currency pair

Strategy and research analyst on currency pair USDPLN

Helpful advice for foreign exchange market investors.
The Polish zloty losing ground against the Us dollar on Forex. This growing trend seems has no end. Already, the price is approaching a new high and is ready to take a new record high. Therefore, it is necessary to use such a convenient opportunity for entering a trade on this currency pair for the purpose, not less than 400 points. This technical analysis figure, called the triangle often signals the continuation of the market trends. In this particular case, we are talking about a growing trend. Given that ahead there are no restrictions in the idea of resistance levels, it is possible to take advantage of this change of the currency even more than substantially improve your account with a Forex broker. The U.S. dollar looks much stronger relative to other currencies in the Forex market. So we definitely are on the bullish side. On sale at this level, simply can not speak. Sell now, it's all the same what to leave on the rails and try to stop a locomotive.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 4.2230
•    The level of profit and close the position: 4.2650 (420 pips)

Precious metal GOLD 
Possible bearish movement in the breakdown of the support level 1160

Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2700

Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 1.0080

Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.0620

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