| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The EUR/PLN currency pair has been consolidating within the descending triangle pattern since the end of March.
From a theoretical perspective, it is likely that the exchange rate could continue to consolidate within the given pattern until the end of next week. Then, a breakout south could occur. In this case the rate could decline to the monthly S1 at 4.3565.
On the other hand, note that the currency pair is pressured by the 100– and 200-hour moving averages. Thus, a breakout south could occur sooner.