EUR/PLN 1H Chart: Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 1H 4H 1D
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

EUR/PLN has been trading in an ascending wedge pattern for the past two weeks. Waves of the given pattern are not very distinctive, as the 200-hour SMA have intervened effectively at changing the overall price direction and providing important support/resistance areas. The European common currency has lost its upside momentum, being limited by the 4.2502/12 area. In addition, the last correction south likewise failed to touch the lower wedge boundary, reinforced by the 55– and 100-hour SMAs. Technical indicators for the upcoming hours favour the Euro appreciating against the Polish Zloty; however, the upward trend is likely to diminish, giving the bearish sentiment the upper hand during the second half of this week.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.