| 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 | ⇒ | ⇒ | ⇘ |
During the past weeks, the US Dollar has been trading sideways against the Polish Zloty. The pair's trading range, however, has diminished, as it has failed to overcome the 3.6941 mark. As a result, an ascending triangle was formed.
Given the characteristics of this pattern, a breakout should occur to the upside, thus surpassing the highest level since mid-July. The Greenback could still push for the lower triangle boundary circa 3.66; however, its failure to overcome a support cluster set by the weekly PP, the 55-, 100– and 200-hour SMAs might point to a possible reversal.
Thus, two scenarios are possible. First, the rate could depreciate down to the lower triangle boundary and then make a reversal. Second, this breakout might come sooner if the aforementioned support cluster is not breached. The upside target in this case could be the weekly R2 and the monthly R1 circa 3.7250.