Free Japanese yen With Polish złoty (JPYPLN(Forex)) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Neutral Neutral Hold
Last Update / Period
06 Dec / Daily
Category/Currency
Forex/PLN
Exchange/Country
FX/--

Japanese yen With Polish złoty (JPYPLN(Forex)) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of Japanese yen With Polish złoty (JPYPLN(Forex)), considering 256 signals with intricate details. Here are the key findings: 76 signals suggested buy strategies, while 74 indicated sell strategies. The remaining 106 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 4
Sell Signals: 31
Neutral Signals: 29
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 21
Sell Signals: 21
Neutral Signals: 22
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 23
Sell Signals: 13
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 28
Sell Signals: 9
Neutral Signals: 27
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 76
Sell Signals: 74
Neutral Signals: 106
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Japanese yen With Polish złoty (JPYPLN(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Japanese yen With Polish złoty (JPYPLN(Forex)) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Japanese yen With Polish złoty (JPYPLN(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Japanese yen With Polish złoty (JPYPLN(Forex)) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 10.71% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Japanese yen With Polish złoty (JPYPLN(Forex))** investments.

Japanese yen With Polish złoty (JPYPLN(Forex)) Price Analysis and Support Levels:

In our current Japanese yen With Polish złoty (JPYPLN(Forex)) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 0.0261
We are closely monitoring the price at 0.0261, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 0.0242
If the first support level is broken, the second support level at 0.0242 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Japanese yen With Polish złoty (JPYPLN(Forex)). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Japanese yen With Polish złoty (JPYPLN(Forex)) technical analysis chart

Japanese yen With Polish złoty (JPYPLN(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.0276 0.0278 0.0321 0.0343 0.0381
Support 0.0261 0.0242 -- -- --
 Japanese yen With Polish złoty (JPYPLN(Forex)) Support and Resistance area (06 Dec)

Japanese yen With Polish złoty (JPYPLN(Forex)) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Japanese yen With Polish złoty (JPYPLN(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Sell SellNeutralNeutralHold
2 04 Dec Hold NeutralNeutralHoldHold
3 03 Dec Hold HoldHoldHoldHold
4 02 Dec Hold HoldHoldHoldHold
5 01 Dec Hold HoldHoldHoldHold
6 29 Nov Hold HoldHoldHoldHold
7 28 Nov Hold HoldHoldHoldHold
8 27 Nov Hold HoldHoldHoldHold
9 26 Nov Hold HoldHoldHoldHold
10 25 Nov Hold HoldHoldHoldHold
11 22 Nov Hold HoldHoldHoldHold
12 21 Nov Buy BuyBuyHoldHold
13 20 Nov Buy NeutralNeutralBuyHold
14 19 Nov Buy HoldNeutralNeutralBuy
15 18 Nov Sell SellSellHoldNeutral
16 17 Nov Hold NeutralHoldHoldHold
17 15 Nov Buy NeutralBuyBuyNeutral
18 14 Nov Sell SellNeutralNeutralSell
19 13 Nov Hold NeutralNeutralHoldHold
20 12 Nov Hold HoldHoldHoldHold
21 11 Nov Buy HoldBuyHoldBuy
22 10 Nov Buy HoldNeutralBuyNeutral
23 08 Nov Buy BuyBuyNeutralNeutral
24 07 Nov Hold HoldSellHoldHold
25 06 Nov Sell SellNeutralHoldHold
26 05 Nov Sell NeutralNeutralHoldHold
27 04 Nov Hold NeutralNeutralHoldHold
28 03 Nov Hold NeutralHoldHoldHold
29 01 Nov Hold NeutralHoldHoldHold
30 31 Oct Hold NeutralHoldHoldHold

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