| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The USD/PLN currency pair has been trading downwards since the middle of June, guided by a descending trend line.
Given that the exchange rate is trading far below the 55-, 100– and 200-period moving averages, it is likely that the rate is in the oversold area. Thus, a reversal north could occur in the nearest future, and the pair could try to exceed the psychological level at 3.9800.
On the other hand, it is likely that the currency pair could remain under pressure of the given trend line and continue to trade downwards. In this case the pair could gain support from the Fibo 61.80% at 3.6882.