| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The EUR/PLN currency pair has been trading within a rising wedge pattern since the middle of April.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given pattern in the medium term. In this case the rate could exceed the 4.5700 level by the beginning of June.
However, note that the currency pair is supported by the 100– and 200-hour SMAs near 4.5500. Thus, the pair could breach the given pattern north in the nearest future. In this case the pair would have to surpass the monthly R1 and R2, located at 4.6035 and 4.6582 respectively.