USD/TRY

- TRY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	USDTRY
ISIN:

USD/TRY - 1H - Technical analysis published on 03/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

33%

28%

39%

My opinion

Bullish above 31.9841 TRY

My targets

32.1433 TRY (+0.1240)

32.3800 TRY (+0.3607)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/TRY as long as the price remains well above 31.9841 TRY. The buyers' bullish objective is set at 32.1433 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.3800 TRY. If there is any crossing, the next objective would be the resistance located at 32.7760 TRY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.8

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 USD/TRY price is 32.0193 TRY. The price registered an increase of +0.35% on the session and was traded between 32.0193 TRY and 32.0193 TRY over the period. The price is currently at 0% from its lowest and 0% from its highest.

32.0193

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by USD/TRY:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on USD/TRY were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H chart of USD/TRY indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	31.7638	31.9187	31.9841	32.0193
Change (%)	-0.80%	-0.31%	-0.11%	-
Change	-0.2555	-0.1006	-0.0352	-
Level	Intermediate	Intermediate	Minor	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.6894	31.7638	31.8352	31.9096	31.9810	32.0554	32.1268
Camarilla	31.8664	31.8798	31.8931	31.9065	31.9199	31.9332	31.9466
Woodie	31.6878	31.7631	31.8336	31.9089	31.9794	32.0547	32.1252
Fibonacci	31.7638	31.8195	31.8539	31.9096	31.9653	31.9997	32.0554

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.8779	31.1146	31.5106	31.7473	32.1433	32.3800	32.7760
Camarilla	31.7325	31.7905	31.8485	31.9065	31.9645	32.0225	32.0805
Woodie	30.9575	31.1544	31.5902	31.7871	32.2229	32.4198	32.8556
Fibonacci	31.1146	31.3563	31.5056	31.7473	31.9890	32.1383	32.3800

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.3944	29.8054	30.5500	30.9610	31.7056	32.1166	32.8612
Camarilla	30.9769	31.0828	31.1888	31.2947	31.4006	31.5066	31.6125
Woodie	29.5613	29.8888	30.7169	31.0444	31.8725	32.2000	33.0281
Fibonacci	29.8054	30.2468	30.5195	30.9610	31.4024	31.6751	32.1166

Numerical data

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

Technical indicators

Moving averages

RSI (14):	42.99
MACD (12,26,9):	0.0130
Directional Movement:	-26.5786
AROON (14):	-14.2857
DEMA (21):	31.9559
Parabolic SAR (0,02-0,02-0,2):	31.9651
Elder Ray (13):	-0.0235
Super Trend (3,10):	31.9853
Zig ZAG (10):	31.9065
VORTEX (21):	0.9102
Stochastique (14,3,5):	60.20
TEMA (21):	31.9384
Williams %R (14):	-53.22
Chande Momentum Oscillator (20):	-0.0458
Repulse (5,40,3):	-0.0720
ROCnROLL:	-1
TRIX (15,9):	0.0108
Courbe Coppock:	0.10

MA7:	31.6528
MA20:	31.1801
MA50:	30.5898
MA100:	29.6585
MAexp7:	31.9324
MAexp20:	31.9324
MAexp50:	31.8777
MAexp100:	31.7687
Price / MA7:	+1.16%
Price / MA20:	+2.69%
Price / MA50:	+4.67%
Price / MA100:	+7.96%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.44%
Price / MAexp100:	+0.79%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on USD/TRY. At the time of publication of this analysis, the latest news was as follows:

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

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