Review of the USDPLN chart on the 1D interval
Hi everyone,
Let's take a look at the USDPLN chart in the 1-day range.
As you can see, we moved in an uptrend channel marked with yellow lines for a while, then entered a downtrend marked with blue lines, and then exited from the top.
It is worth setting the first support zone from PLN 4.63 to PLN 4.57, and then we have a strong support zone from PLN 4.47 to PLN 4.37. Looking further, we see another support at the level of PLN 4.24
Now let's move on to the resistance that the USD valuation has on the way and we can see that the first resistance is a strong zone from 4.72 to 4.78 PLN and another resistance at 4.86 PLN.
Let's take a look at the Chop indicator, which shows that we are getting energized after the last increase, and the MACD indicator shows a local downtrend.
Let's take a look at the USDPLN chart in the 1-day range.
As you can see, we moved in an uptrend channel marked with yellow lines for a while, then entered a downtrend marked with blue lines, and then exited from the top.
It is worth setting the first support zone from PLN 4.63 to PLN 4.57, and then we have a strong support zone from PLN 4.47 to PLN 4.37. Looking further, we see another support at the level of PLN 4.24
Now let's move on to the resistance that the USD valuation has on the way and we can see that the first resistance is a strong zone from 4.72 to 4.78 PLN and another resistance at 4.86 PLN.
Let's take a look at the Chop indicator, which shows that we are getting energized after the last increase, and the MACD indicator shows a local downtrend.