| 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 | ⇗ | ⇒ | ⇒ |
[ANNOUNCE] 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. [/ANNOUNCE]
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.