Feb 20, 2017 - (Chart of the Day) PLN hit supply, what next for USDPLN, EURPLN and CHFPLN

Hi All,

after few weeks of positive flow ( correction / profit taking - whatever you want to name it ) PLN hit wall of supply and looks like Friday / last week Price Action suggest lower levels to come.

USDPLN ( you can check our Trade Idea here ) Weekly chart:
 

Daily chart:
 

30min chart:
   

Join Us and check how and what we are doing:

FREE LIVE TRADING ROOM - click here

  EURPLN daily chart:
 

30min chart:
 

CHFPLN Daily chart:
 

30min chart:
 


Please don't hesitate to contact Us should you have additional questions. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

 Happy Trading Mr Price Action

 DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com

Read More

Nov 14, 2016 - (Forex) Weekly Tech overview: CHFPLN ( Update )... 5% or 2000+ pips up since our call 2 months ago...

Hi All,

CHFPLN was a great call and it's time ( in my opinion ) to make an update and take some profits.

Two months ago ( 13th September ) we published it first time ( and it's still available here ) and it's up 5+% or 2000+ pips and then again just few days ago, before US Election as our "Election Trade" if Trump wins ( available here ) and this one is around 1000 pips up.

Free Forex Live Trading Room (till the end of 2016) - Join Us again next week - click here

Why do we think it's time to make an update ?

Reason 1:

With EURCHF well below 1,08 ( testing 1,07 currently ) we do expect SNB intervention,

Reason 2:

As we are approaching end of the year with overall weak PLN we do expect NBP ( Polish Central Bank ) may intervene in the market as well to support Polish zloty,

Reason 3:

Daily chart below showing correction is possible:

So because of all the three reasons above we do think it's time to take at least partial profit ( and I don't mind to take 75% instead of usual 50% and waiting with cash for intervention to rebuild the position ).

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmailDOTcom

Read More

Nov 6, 2016 - (Weekly Tech Overview) US Elections: Clinton vs Trump - MXNJPY vs CHFPLN

Hi,

You may wonder why we are discussing here non-USD related crosess ?

1. We do believe that extreme FX moves may happen outside of the dollar basket (due to lack of liquidity as one of the reason)

2. We are going to watch the USD moves real time and you are welcome to join us as well. Please follow Us on Twitter

or

Free Forex Live Trading Room (till the end of 2016) - Join Us again next week - click here

Before we start I strongly recommend to check Madam or Mister? What are our market expectations?

Ok, let's start now!


1. Hillary Clinton WINS:

MXNJPY long position as Trade of the Month:

- Risk-on trade
- Supported by Technical Analysis (Weekly Chart below)
- Reverse of current overall MXN weakness (mostly because of Trump camp strength)
- Reverse of current JPY strength (safe heaven flow)
- MXN may find support in Oil (if Hedge Funds decide to get back to buy oil/sell gold idea)

MXNJPY Weekly chart:

2. Donald Trump WINS:

CHFPLN long/adding to long position (this is an update to our Weekly Tech Overview from Sep 13, 2016 available here), so far so good as bulls were able to close above psychological 4.00 level:

- Risk-off trade
- CHF safe heaven flow
- PLN political uncertenity adding to the weakness
- PLN weak fundamentals

NOTE:
- Possible SNB intervention with EURCHF below 1.08
- Possible NBP (Polish Central Bank) intervention (casue of the end of the year and CHF borrowers in Poland)

CHFPLN Weekly chart (from September):

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmailDOTcom

Read More

Sep 13. 2016 - Weekly Tech overview: (Forex) CHFPLN ... Bullish

CHFPLN - weekly chart is bullish in our opinion. Medium/Long term possible rally towards 5,00.

( We don't like to talk about politics but in that case is worth to mention that current situation is also against PLN and it could attract Hot Money in the near term ).

Please check details ( levels ) on the chart:

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmail.com.

Happy Trading

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

Read More