JPY/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYPLN
ISIN:

JPY/PLN - Daily - Technical analysis published on 07/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 0.02983 PLN

My targets

0.02837 PLN (-0.00039)

0.02787 PLN (-0.00089)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/PLN. As long as you are under the resistance located at 0.02983 PLN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.02837 PLN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.02787 PLN as an objective. Crossing it would then enable sellers to target 0.02552 PLN. If the resistance 0.02983 PLN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The JPY/PLN rating is 0.02876 PLN. On the day, this instrument gained +0.28% with the lowest point at 0.02867 PLN and the highest point at 0.02879 PLN. The deviation from the price is +0.31% for the low point and -0.10% for the high point.

0.02867

0.02879

0.02876

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this JPY/PLN chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.02552	0.02787	0.02837	0.02876	0.03029	0.03181	0.03331
Change (%)	-11.27%	-3.09%	-1.36%	-	+5.32%	+10.61%	+15.82%
Change	-0.00324	-0.00089	-0.00039	-	+0.00153	+0.00305	+0.00455
Level	Minor	Major	Major	-	Intermediate	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.02828	0.02843	0.02855	0.02870	0.02882	0.02897	0.02909
Camarilla	0.02861	0.02863	0.02866	0.02868	0.02871	0.02873	0.02875
Woodie	0.02828	0.02842	0.02855	0.02869	0.02882	0.02896	0.02909
Fibonacci	0.02843	0.02853	0.02859	0.02870	0.02880	0.02886	0.02897

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.02730	0.02768	0.02812	0.02850	0.02894	0.02932	0.02976
Camarilla	0.02835	0.02842	0.02850	0.02857	0.02865	0.02872	0.02880
Woodie	0.02734	0.02770	0.02816	0.02852	0.02898	0.02934	0.02980
Fibonacci	0.02768	0.02799	0.02818	0.02850	0.02881	0.02900	0.02932

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.02495	0.02652	0.02739	0.02896	0.02983	0.03140	0.03227
Camarilla	0.02759	0.02781	0.02804	0.02826	0.02848	0.02871	0.02893
Woodie	0.02460	0.02635	0.02704	0.02879	0.02948	0.03123	0.03192
Fibonacci	0.02652	0.02745	0.02803	0.02896	0.02989	0.03047	0.03140

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	46.92
MACD (12,26,9):	-0.0002
Directional Movement:	-0.24351
AROON (14):	42.85715
DEMA (21):	0.02836
Parabolic SAR (0,02-0,02-0,2):	0.02837
Elder Ray (13):	0.00009
Super Trend (3,10):	0.02904
Zig ZAG (10):	0.02876
VORTEX (21):	0.9494
Stochastique (14,3,5):	75.72
TEMA (21):	0.02855
Williams %R (14):	-22.83
Chande Momentum Oscillator (20):	0.00039
Repulse (5,40,3):	0.2276
ROCnROLL:	-1
TRIX (15,9):	-0.1722
Courbe Coppock:	1.43

MA7:	0.02868
MA20:	0.02848
MA50:	0.02944
MA100:	0.03079
MAexp7:	0.02866
MAexp20:	0.02871
MAexp50:	0.02942
MAexp100:	0.03040
Price / MA7:	+0.28%
Price / MA20:	+0.98%
Price / MA50:	-2.31%
Price / MA100:	-6.59%
Price / MAexp7:	+0.35%
Price / MAexp20:	+0.17%
Price / MAexp50:	-2.24%
Price / MAexp100:	-5.39%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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