The common European Currency is trading against the Polish Zloty simultaneously in the long-term and short-term descending channels. The junior channel has formed as result of the currency rate's rebound from the upper-trend line of the dominant channel in the second half of April. At the present moment the pair is trying to bounce off from the bottom edge of the short-term channel supported by the weekly S1-S2 at 4.1763 and monthly S2 at 4.1750 and resume and upward movement. This scenario is supported by the fact the currency pair is oversold, as 73.5% of open SWFX positions are long.
| R4 | 4.2147 | 55-period SMA | MACD (12; 26; 9) | Sell | Sell | Sell | ||
| R3 | 4.2072 | Monthly S1 | RSI (14) | Sell | Sell | Sell | ||
| R2 | 4.2023 | 20-period SMA | Stochastic (5; 3; 3) | Neutral | Buy | Neutral | ||
| R1 | 4.1899 | Weekly S1 | ADX (14) | Neutral | Sell | Sell | ||
| S1 | 4.1750 | Monthly S2 | CCI (14) | Neutral | Sell | Sell | ||
| S2 | 4.1724 | Trend line | AROON (14) | Neutral | Buy | Neutral | ||
| S3 | 4.1626 | Weekly S2 | Alligator (13; 8; 5) | Buy | Buy | Buy | ||
| S4 | 4.1367/64 | Weekly S3; Monthly S3 | SAR (0.02; 0.2) | Sell | Sell | Sell | ||
| Aggregate | ↘ | ↘ | ↘ |