| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The EUR/PLN currency pair has been appreciating within the rising wedge pattern since the beginning of February. The pair has already surpassed the 4.2900 level.
From a theoretical perspective, it is likely that the exchange rate could continue to extend gains within the given pattern until the beginning of April. Then, a breakout south could occur.
However, note that the exchange rate would have to surpass the weekly R1 at 4.3345. If the given resistance holds, it is likely that a breakout south could occur in the nearest future. In this case the rate could gain support of the monthly S1 at 4.2682.