| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The USD/PLN currency pair has been trading within the rising triangle pattern since the beginning of February.
As apparent on the chart, the pair has already reversed south from the upper pattern line at 3.8600. From a theoretical perspective, the exchange rate should reach the lower triangle boundary located circa 3.7900 and reverse north. If the given pattern does not hold, the rate could breach the given pattern north and reach the upper boundary of the long-term ascending channel at 3.8800.
However, given that the pair is pressured by the 55-, 100– and 200-hour SMAs, it is likely, that a breakout south could occur is the nearest future. A possible downside target is the psychological level at 3.7400.