| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Since the middle of December, the EUR/PLN currency pair has been trading upwards, guided by an ascending trend line.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-period moving averages in the 4.5060/4.5370 range. Thus, some upside potential could prevail in the market. In this case the rate could target the 4.6440 level.
In the meantime, it is unlikely that bears could prevail in the market, and the currency pair could decline to the Fibonacci 38.20% retracement at 4.4487.