| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The USD/PLN currency pair could not surpass the psychological level at 3.7400. The pair reversed north from the given level at the end of June.
Currently, the exchange rate is trading at the 3.80 mark. Given, that the rate is supported by the 55-, 100– and 200-hour moving averages, currently located in the 3.7621/3.7905 range, it is expected, that bulls could prevail in the market in the short term. Important level to look out for is the Fibonacci 0.00% retracement at 3.8743.
However, note, that the pair has to surpass the monthly R1 at the 3.8091 mark. If the given resistance level holds, a reversal south could occur in the nearest future. However, it is unlikely, that the rate could drop lower than 3.7382 due to support of the Fibonacci 23.60% retracement.