Medium-term trend: BULLISH   

Short-term trend: BULLISH

Industry: Food & Staples Retailing      Sector: Consumer Staples     Market Cap: 45.31B

EPS Actual vs EPS Forecast:  1.68 / 1.35 
              
Revenue Actual vs Revenue Forecast: 33.9B / 32.46B

WEEKLY CHART

Medium-term trend: BULLISH   

Short-term trend: BULLISH

Industry: NA      Sector: NA     Market Cap: NA

EPS Actual vs EPS Forecast:  NA 
              
Revenue Actual vs Revenue Forecast: NA

WEEKLY CHART

Medium-term trend: BULLISH   

Short-term trend: BULLISH

Industry: NA      Sector: NA     Market Cap: NA

EPS Actual vs EPS Forecast:  NA 
              
Revenue Actual vs Revenue Forecast: NA

WEEKLY CHART

Medium-term trend: BEARISH

Short-term trend: BEARISH

 With inflation rising in both the UK & Poland this market has been fairly sideways after reaching a 5 year high at the end of last year. With the pace of Interest Rate Hikes in Poland outpacing the UK’s Monetary Policy Response, Real Rates may soon start to Rise in Poland vs the UK adding downward pressure to this Forex pair.

Against this back drop GbpPln has technically confirmed a Head & Shoulders Reversal Pattern at the right shoulder of a Head & Shoulders Pattern multiple degrees higher.

After the confirmed break lower, this Forex pair spiked on fears of a Russian invasion in Ukraine. With Russian troops pulling away from the border and diplomatic progress seemingly being made, this Forex pair is once again headed for the major breakout level of the 5.3450.

As a market which historically sells of very fast, this is a Risk On set up which could provide some great bearish opportunities in the near future.

One to watch!

WEEKLY CHART