USD/PLN 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is in a channel up pattern against the Zloty. At the moment, the currency exchange rate is at the lower pattern's trend line, which is also supported by the May high level of 3.9822. In addition, very close by are located various supports, which are located close by to each other in distances varying from ten to two hundred pips. Below the pair are located the 55, 100 and 200-period SMAs at respectively 3.9704, 3.9470 and 3.9286. In addition, close are located the monthly PP at 3.9575 and weekly S1 at 3.9177.  In addition, daily aggregate technical indicators support a surge for the pair today. However, the USD/PLN pair has already surged for the past few days, and it has bounced off the weekly PP at 3.9951.

 

© Dukascopy Bank SA
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.