| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Buy |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇘ | ⇘ |
The US Dollar has depreciated substantially against the Polish Zloty since December 2016. The pair was trading in a steep channel down for the last few months.
This bearish sentiment, however, diminished slightly when the rate reached a two-and-a-year low at 3.52. Thus, the steepness of the descending channel was altered to the upside. Technical indicators suggest that a reversal should being in the upcoming hours.
The pair might still push north until the upper channel boundary and the weekly R2 near 3.62 before edging lower. The nearest significant support is the monthly PP at 3.5883. This area might hinder the pair; however, no massive changes in the down-trend is expected to occur until the 55– or 200-hour SMAs are not reached.