Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Buy | Neutral |
Alligator (13; 8; 5) | Sell | Neutral | Buy |
SAR (0.02; 0.2) | Sell | Sell | Sell |
Aggregate | ⇒ | ⇒ | ⇗ |
The Polish Zloty has been appreciating against the US Dollar for two weeks. This movement is bounded by a descending channel.
Currently, the currency pair is trading near the lower boundary of a senior ascending channel. If the senior channel holds, it is likely that a breakout from a junior channel occurs. However, this advance might not be immediate due to the resistance cluster formed by a combination of the 55-, 100-, 200-hour SMAs, the weekly and monthly PPs, as well the Fibonacci 38.20% retracement in the 4.2971/4.3106 range.
Otherwise, the pair could breach the senior channel and go downside to the Fibonacci 50.00% retracement at 4.2738.