USD/TRY - 15 min. - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 32.4635 TRY
My targets
32.2580 TRY (-0.1138)
32.1245 TRY (-0.2473)
My analysis
USD/TRY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 32.4635 TRY. The next support located at 32.2580 TRY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 32.1245 TRY. Below this support, sellers could then target 31.9190 TRY.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Bader almutairi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/TRY rating 32.3718 TRY. The price registered a decrease of -0.06% on the session with the lowest point at 32.1589 TRY and the highest point at 32.3969 TRY. The deviation from the price is +0.66% for the low point and -0.08% for the high point.32.1589
32.3969
32.3718
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/TRY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on USD/TRY were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of USD/TRY in 15 min. shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.0426 | 32.2203 | 32.2921 | 32.3718 | 32.4227 | 32.5663 | 32.6689 |
| Change (%) | -1.02% | -0.47% | -0.25% | - | +0.16% | +0.60% | +0.92% |
| Change | -0.3292 | -0.1515 | -0.0797 | - | +0.0509 | +0.1945 | +0.2971 |
| Level | Major | Major | Intermediate | - | Minor | 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 | 31.9190 | 32.1245 | 32.2580 | 32.4635 | 32.5970 | 32.8025 | 32.9360 |
| Camarilla | 32.2984 | 32.3295 | 32.3605 | 32.3916 | 32.4227 | 32.4538 | 32.4848 |
| Woodie | 31.8831 | 32.1065 | 32.2221 | 32.4455 | 32.5611 | 32.7845 | 32.9001 |
| Fibonacci | 32.1245 | 32.2540 | 32.3340 | 32.4635 | 32.5930 | 32.6730 | 32.8025 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.0213 | 31.4845 | 31.8159 | 32.2791 | 32.6105 | 33.0737 | 33.4051 |
| Camarilla | 31.9289 | 32.0017 | 32.0746 | 32.1474 | 32.2202 | 32.2931 | 32.3659 |
| Woodie | 30.9555 | 31.4516 | 31.7501 | 32.2462 | 32.5447 | 33.0408 | 33.3393 |
| Fibonacci | 31.4845 | 31.7880 | 31.9755 | 32.2791 | 32.5826 | 32.7701 | 33.0737 |
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): | 33.55 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -45.3012 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 32.3736 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.1725 | |
| Elder Ray (13): | -0.0122 | |
| Super Trend (3,10): | 32.4416 | |
| Zig ZAG (10): | 32.3575 | |
| VORTEX (21): | 0.9274 | |
| Stochastique (14,3,5): | 90.66 | |
| TEMA (21): | 32.3712 | |
| Williams %R (14): | -10.77 | |
| Chande Momentum Oscillator (20): | -0.0178 | |
| Repulse (5,40,3): | 0.0906 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0012 | |
| Courbe Coppock: | 0.10 |
| MA7: | 32.2549 | |
| MA20: | 31.7387 | |
| MA50: | 30.9775 | |
| MA100: | 29.9872 | |
| MAexp7: | 32.3726 | |
| MAexp20: | 32.3804 | |
| MAexp50: | 32.3820 | |
| MAexp100: | 32.3757 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +4.50% | |
| Price / MA100: | +7.95% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.01% |
Quotes :
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Real time data
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Forex
News
The last news published on USD/TRY at the time of the generation of this analysis was as follows:
-
XTB Market Updates on USDTRY - 06/06/2023
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Upside Potential For USD/TRY
-
Upside Potential For USD/TRY
-
USD/TRY
-
USD/TRY Outlook And Drivers
This member declared not having a position on this financial instrument or a related financial instrument.
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