Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇒ | ⇒ |
The US Dollar has been depreciating against the Polish Zloty since the beginning of November when the pair reversed from the upper boundary of the long-term ascending channel at 3.8350. This movement has been bounded in the medium-term descending trend.
Currently, the exchange rate is testing the upper line of junior channel at 3.7800. If junior channel holds, a reversal south occurs in the nearest future and the pair targets the lower channel boundary located circa 3.7000.
Otherwise, it is likely that a breakout from junior channel occurs soon. A possible upside target is the psychological level at 3.8100.