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Usdplnbuy

USD/PLN 1H Chart: Channel UpUSD/PLN 1H Chart: Channel Up The American Dollar is trading against the Polish Zloty in two week long ascending channel that started to form after the currency exchange rate changed a direction and jumped through the 55- and 100-hour SMAs to the top. By the moment, it consists of four confirmation points, which means that it has reached maturity and might be broken in the nearest future. The breakout might occur even earlier, as the currency pair is simultaneously moving in a junior descending channel whose existence became evident after the buck failed to pass through the monthly PP at 3.6490 yesterday. On the other hand, the road downstairs is secured by the 200-hour SMA and the weekly PP at 3.6252. On the gradual surge to the top additionally point out traders’ mood, which is 72% bullish.
by UnknownUnicorn890690