USD/PLN 1H Chart: US Dollar breaches long-term channel

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

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

USD/PLN had been trading in a descending channel in force since mid-November, 2016. After breaching this pattern last week, the Greenback retraced from its upper boundary early on Monday. 

Thus, the dominant pattern now is an ascending channel which was formed mid-July. The rate's trading range within this pattern has diminished, as it has failed to touch the bottom channel boundary on two separate occasions. 

From theoretical point of view, the breakout from the senior channel should be followed by a surge. This is likewise supported by the pair's upward-sloping movement in the junior channel. 

The rate is supported by the 100– and 200-hour SMAs, the weekly and monthly PP and the weekly S1 in the 3.64/3.60 territory. 

In general, it is likely that one of these levels pressures the US Dollar for a reversal, thus paving the way for a surge in the medium-term.

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.