Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Buy | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Sell | Buy | Buy |
Aggregate | ⇗ | ⇒ | ⇒ |
The USD/PLN currency pair has been trading in the 3.7500/3.8150 range since the middle of November.
As apparent on the chart, the exchange rate is trading near the 200-hour moving average, currently located at 3.7798. Technical indicators suggest that the pair is in the overbought zone, thus, it is expected that an upside potential prevails in the nearest future. Important resistance level to look out for is the Fibonacci 0.00% retracement at 3.8288.
If given resistance does not hold, it is likely that the pair reaches the upper boundary of the long-term ascending channel located circa 3.8450.