In the chart, we could see that the price for PLN just touched the base of ichimoku cloud. We could predict a large resistance due to not only the ichimoku but also the plane accident. Further worsened by the triangle, I predict that the price for PLN would drop as low as 2.7373 which is the 38.2%-fibonacci level line.
Sunday, April 11, 2010
Tragedy (2010-04-11 PLNUSD analysis)
Besides the chaos in Thailand, there was a tragedy for Poland. A plane carrying several important governors including the President, central bank governor and the Army Chief crashed in Russia. All 96 people were killed during the incident. Although a board member assured that the tragedy would not affect zloty, the currency in Poland, we could not ignore any chance for a drop in zloty due to the unstable financial situation and power distribution in Poland government.
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In the chart, we could see that the price for PLN just touched the base of ichimoku cloud. We could predict a large resistance due to not only the ichimoku but also the plane accident. Further worsened by the triangle, I predict that the price for PLN would drop as low as 2.7373 which is the 38.2%-fibonacci level line.
In the chart, we could see that the price for PLN just touched the base of ichimoku cloud. We could predict a large resistance due to not only the ichimoku but also the plane accident. Further worsened by the triangle, I predict that the price for PLN would drop as low as 2.7373 which is the 38.2%-fibonacci level line.
張貼者:
Jeffrey Sha
於
3:05 PM
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