| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Since the beginning of November, the USD/PLN exchange rate has been trading downwards, guided by a descending trend line.
From a theoretical point of view, it is likely that the currency pair could continue to decline along the predetermined trend line in the nearest future. The pair could decline to the Fibo 61.80% at 3.5810 by the beginning of 2021.
In the meantime, it is unlikely that bulls could prevail in the market due to the resistance area formed by the 55-, 100– and 200-period moving averages in the 3.6745/3.7715 range.