USD/PLN 4H Chart: Upside potential could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellSellNeutral
Stochastic(5;3;3)SellSellSell
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate

Since the beginning of September, the USD/PLN exchange rate has been trading upwards, guided by an ascending trend line.  

It is likely that some upside potential could prevail in the market in the medium term, as the currency pair could gain support from the 55-, 100– and 200-period SMAs in the 3.7400/3.7900 area. In this case the pair could target the 4.0000 level.

In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the Fibo 50.00% at 3.6652.

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