| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Since the middle of September, the USD/PLN exchange rate has been trading sideways within a symmetrical triangle pattern.
From a theoretical point of view, it is likely that the currency pair continue to consolidate within the given pattern within the following trading sessions. Then, the pair could gain support from the monthly PP at 3.8214 and target the psychological level at 4.0230.
In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the Fibonacci 50.00% retracement at 3.6652.