| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The USD/PLN exchange rate has been going upwards since the beginning of March after it failed to surpass the Fibonacci 38.20% retracement at 3.7496. Currently, the rate is testing the resistance level—the monthly R2 at 4.0557.
If the given resistance holds, it is likely that a reversal south could occur in the nearest future. In this case the currency pair could re-test the given Fibo. If the given level does not hold, the pair could decline to the Fibonacci 50.00% retracement at 3.6652.
If the monthly R2 does not hold, it is likely that some upside potential could continue to prevail in the market. In this case the exchange rate would have to surpass the monthly R3 at 4.1284.