EUR/TRY - 1H - Technical analysis published on 06/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 7.5146 TRY
My targets
7.6186 TRY (+0.0502)
7.6796 TRY (+0.1112)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 7.5146 TRY remains possible. It is advisable to trade EUR/TRY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.5146 TRY. The next bullish objective for buyers is set at 7.6186 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.6796 TRY. If there is any crossing, the next objective would be the resistance located at 7.7729 TRY. PS: if there is a bearish break in the support located at 7.5146 TRY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/TRY rating 7.5684 TRY. The price registered a decrease of -0.10% on the session and was between 7.5618 TRY and 7.5928 TRY. This implies that the price is at +0.09% from its lowest and at -0.32% from its highest.7.5618
7.5928
7.5684
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/TRY in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
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
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.3496 | 7.4127 | 7.4868 | 7.5684 | 7.5727 | 7.6186 | 7.7729 |
| Change (%) | -2.89% | -2.06% | -1.08% | - | +0.06% | +0.66% | +2.70% |
| Change | -0.2188 | -0.1557 | -0.0816 | - | +0.0043 | +0.0502 | +0.2045 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4649 | 7.5043 | 7.5399 | 7.5793 | 7.6149 | 7.6543 | 7.6899 |
| Camarilla | 7.5550 | 7.5619 | 7.5687 | 7.5756 | 7.5825 | 7.5894 | 7.5962 |
| Woodie | 7.4631 | 7.5034 | 7.5381 | 7.5784 | 7.6131 | 7.6534 | 7.6881 |
| Fibonacci | 7.5043 | 7.5329 | 7.5506 | 7.5793 | 7.6079 | 7.6256 | 7.6543 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1416 | 7.2456 | 7.4106 | 7.5146 | 7.6796 | 7.7836 | 7.9486 |
| Camarilla | 7.5016 | 7.5263 | 7.5509 | 7.5756 | 7.6003 | 7.6249 | 7.6496 |
| Woodie | 7.1721 | 7.2609 | 7.4411 | 7.5299 | 7.7101 | 7.7989 | 7.9791 |
| Fibonacci | 7.2456 | 7.3484 | 7.4118 | 7.5146 | 7.6174 | 7.6808 | 7.7836 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8396 | 7.0946 | 7.3351 | 7.5901 | 7.8306 | 8.0856 | 8.3261 |
| Camarilla | 7.4393 | 7.4848 | 7.5302 | 7.5756 | 7.6210 | 7.6664 | 7.7119 |
| Woodie | 6.8324 | 7.0910 | 7.3279 | 7.5865 | 7.8234 | 8.0820 | 8.3189 |
| Fibonacci | 7.0946 | 7.2839 | 7.4008 | 7.5901 | 7.7794 | 7.8963 | 8.0856 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.59 | |
| MACD (12,26,9): | 0.0058 | |
| Directional Movement: | 4.5051 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 7.5881 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.5592 | |
| Elder Ray (13): | 0.0047 | |
| Super Trend (3,10): | 7.5690 | |
| Zig ZAG (10): | 7.5833 | |
| VORTEX (21): | 0.9413 | |
| Stochastique (14,3,5): | 61.72 | |
| TEMA (21): | 7.5750 | |
| Williams %R (14): | -65.45 | |
| Chande Momentum Oscillator (20): | -0.0056 | |
| Repulse (5,40,3): | -0.1553 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0127 | |
| Courbe Coppock: | 0.04 |
| MA7: | 7.4878 | |
| MA20: | 7.5384 | |
| MA50: | 7.4571 | |
| MA100: | 7.0876 | |
| MAexp7: | 7.5785 | |
| MAexp20: | 7.5780 | |
| MAexp50: | 7.5534 | |
| MAexp100: | 7.5171 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +1.49% | |
| Price / MA100: | +6.78% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.68% |
Quotes :
2020-06-01 07:18:46
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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