It was an all złoty show, as the breakouts universally resulted from Poland’s currency dropping sharply against the euro and several other avatars of more robust economies.
Oddly, the złoty barely blipped against the U.S. dollar, possibly putting the world’s reserve currency and Poland’s decidedly local currency in the same league.
| sym | phase | adx | bday | blevel | stop | atr | atr% |
|---|---|---|---|---|---|---|---|
| DKK/PLN | may11 | zł0.5252 | zł0.5285 | 0.0033 | 0.6% | ||
| EUR/PLN | may11 | zł3.9177 | zł3.9428 | 0.0251 | 0.6% | ||
| PLN/CZK | may11 | zł6.1985 | zł6.2070 | 0.0455 | 0.7% | ||
| SEK/PLN | may11 | zł0.4342 | zł | 0.4380 | 0.9% |
AUD/PLN broke above the price channel but fails on two points: The average directional index (adx) is declining, and the price upon breakout diverges, falling intra-day.
GBP/SGD broke below the channel, but with a strong intra-day rise that negates the signal.
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