| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇗ |
The US Dollar has been depreciating against the Polish Zloty since the beginning of September. This movement has been bounded in a descending channel. B
y mid-Friday, the pair has reversed from the lower boundary of the descending channel at 3.6689. Technical indicators flash bullish signals in both the short and long terms. This means that a breakout could occur in the nearest future.
Even if bears still move the rate lower during the following hours, the bullish momentum should take over the market in the nearest future and target the the monthly PP at 3.7323.