Wed, 18 Dec 2013 07:44:26 GMT
USD/PLN 1H Chart: Double Bottom
USD/PLN has been trading lower since mid-November; however, the double bottom pattern was formed later, only in the first days of December. Double bottom patterns usually lead to an accelerating advance of the instrument but this time the climb is delayed as the pair is trapped between its short and long-term SMAs. The 50-hour SMA serves as a strong support