Technical analysis prediction for the 1st of august 2018

Instrument ; usd pln

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; Long position

price prediction ; 3.7900


weekly chart



daily chart




usd pln mkt trend is slightly bullish bias, technical view on the weekly chart view suggest a strong upside momentum and in long term speculation i expect the currency pair to rise further, Ema signal is neutral, Rsi (64.70), macd signal is uptrend while on the daily chart mkt trend is strongly bullish bias and rise above the dynamic resistance level towards 3.7900 could be likely in the coming months, Ema signal is uptrend, Rsi (59.26), Macd signal is downtrend and prediction for the 1st of august 2018 is 3.7900
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