USD/PLN 1H Chart: Channel Up

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

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

The American Dollar is trading against the Polish Zloty in two week long ascending channel that started to form after the currency exchange rate changed a direction and jumped through the 55- and 100-hour SMAs to the top. By the moment, it consists of four confirmation points, which means that it has reached maturity and might be broken in the nearest future. 

The breakout might occur even earlier, as the currency pair is simultaneously moving in a junior descending channel whose existence became evident after the buck failed to pass through the monthly PP at 3.6490 yesterday. On the other hand, the road downstairs is secured by the 200-hour SMA and the weekly PP at 3.6252. On the gradual surge to the top additionally point out traders' mood, which is 72% bullish.

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.