Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POLAND
- USDPLN has been trending lower this week, breaking below its 3.70 support yesterday; next support to watch on the downside stands at 3.65, followed by 3.62. On the topside, first resistance to watch stands at 3.78 (100D and 200D SMA), followed by 3.81 (50D SMA).
- GBPPLN has also been retracing lower this week, breaking below its 5.23 support (100D SMA) yesterday; next important level to watch on the downside stands at 5.09 (200D SMA). On the topside, next resistance to watch stands at 5.30 (50D SMA), followed by 5.35.
- PLNJPY: momentum on the pair has been very strong in the past two weeks, with PLNJPY currently testing its 29.60 ST resistance; next key level to watch on the topside stands at 30, which represents the 61.8% Fibo retracement of the 25.11 – 33. 08 range. On the downside, first support to watch stands at 29.10 (50% retracement).
- CZKPLN ticks higher this morning after finding support at 0.1760 and is currently flirting with its 50D SMA (0.1766); support to watch on the downside stands at 0.1752 (100D SMA). On the topside, ST resistance stands at 0.1791 (March 30).
- PLNHUF has been retracing higher in the past few days after finding a local low of 77.20 on Tuesday; resistance to watch on the topside stands at 78, followed by 78.50. On the downside, first support stands at 77, followed by 76.60.
- EURPLN continues to retrace lower amid PLN strength, breaking key support at 4.52 this week, which represents its 200D SMA and its LT upward trending supportline. Next support to watch on the downside stands at 4.47, followed by 4.42. On the topside, first resistance stands now at 4.52, followed by 4.55 (100D SMA) and 4.57 (50D SMA). (LT chart below).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok