EUR/TRY - 1H - Technical analysis published on 06/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.6795 TRY
My targets
7.7237 TRY (+0.0226)
7.7572 TRY (+0.0561)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/TRY as long as the price remains well above 7.6795 TRY. The buyers” bullish objective is set at 7.7237 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.7572 TRY. If there is any crossing, the next objective would be the resistance located at 7.7729 TRY.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.9
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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
The EUR/TRY rating is 7.7011 TRY. The price registered an increase of +0.56% on the session and was between 7.6436 TRY and 7.7122 TRY. This implies that the price is at +0.75% from its lowest and at -0.14% from its highest.7.6436
7.7122
7.7011
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/TRY in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.3938 | 7.6501 | 7.6795 | 7.7011 | 7.7237 | 7.7572 | 7.7729 |
| Change (%) | -3.99% | -0.66% | -0.28% | - | +0.29% | +0.73% | +0.93% |
| Change | -0.3073 | -0.0510 | -0.0216 | - | +0.0226 | +0.0561 | +0.0718 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5650 | 7.6066 | 7.6325 | 7.6741 | 7.7000 | 7.7416 | 7.7675 |
| Camarilla | 7.6399 | 7.6461 | 7.6523 | 7.6585 | 7.6647 | 7.6709 | 7.6771 |
| Woodie | 7.5573 | 7.6027 | 7.6248 | 7.6702 | 7.6923 | 7.7377 | 7.7598 |
| Fibonacci | 7.6066 | 7.6324 | 7.6483 | 7.6741 | 7.6999 | 7.7158 | 7.7416 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5093 | 7.5787 | 7.6186 | 7.6880 | 7.7279 | 7.7973 | 7.8372 |
| Camarilla | 7.6284 | 7.6385 | 7.6485 | 7.6585 | 7.6685 | 7.6785 | 7.6886 |
| Woodie | 7.4946 | 7.5713 | 7.6039 | 7.6806 | 7.7132 | 7.7899 | 7.8225 |
| Fibonacci | 7.5787 | 7.6205 | 7.6463 | 7.6880 | 7.7298 | 7.7556 | 7.7973 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 67.43 | |
| MACD (12,26,9): | 0.0064 | |
| Directional Movement: | 9.7319 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 7.6881 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6662 | |
| Elder Ray (13): | 0.0131 | |
| Super Trend (3,10): | 7.6599 | |
| Zig ZAG (10): | 7.6996 | |
| VORTEX (21): | 1.1089 | |
| Stochastique (14,3,5): | 85.06 | |
| TEMA (21): | 7.6972 | |
| Williams %R (14): | -19.28 | |
| Chande Momentum Oscillator (20): | 0.0339 | |
| Repulse (5,40,3): | 0.1349 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.86 |
| MA7: | 7.6932 | |
| MA20: | 7.6277 | |
| MA50: | 7.5850 | |
| MA100: | 7.2526 | |
| MAexp7: | 7.6938 | |
| MAexp20: | 7.6821 | |
| MAexp50: | 7.6817 | |
| MAexp100: | 7.6878 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +1.53% | |
| Price / MA100: | +6.18% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.17% |
Quotes :
2020-06-22 15:34:39
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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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