EUR/TRY - 1H - Technical analysis published on 11/09/2020 (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 bearish
De fond:
Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 9.9276 TRY
My targets
9.7788 TRY (-0.0686)
9.6407 TRY (-0.2067)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/TRY as long as the price remains well below 9.9276 TRY. The sellers” bearish objective is set at 9.7788 TRY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.6407 TRY. In case of crossing, the next objective would be the support located at 9.3477 TRY.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.5
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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 9.8474 TRY. On the day, this instrument lost -2.72% and was traded between 9.7287 TRY and 10.0460 TRY over the period. The price is currently at +1.22% from its lowest and -1.98% from its highest.9.7287
10.0460
9.8474
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/TRY in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 9.3477 | 9.6407 | 9.7788 | 9.8474 | 9.9276 | 10.0027 | 10.1991 |
| Change (%) | -5.07% | -2.10% | -0.70% | - | +0.81% | +1.58% | +3.57% |
| Change | -0.4997 | -0.2067 | -0.0686 | - | +0.0802 | +0.1553 | +0.3517 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6943 | 9.8105 | 9.9666 | 10.0828 | 10.2389 | 10.3551 | 10.5112 |
| Camarilla | 10.0477 | 10.0727 | 10.0976 | 10.1226 | 10.1476 | 10.1725 | 10.1975 |
| Woodie | 9.7142 | 9.8205 | 9.9865 | 10.0928 | 10.2588 | 10.3651 | 10.5311 |
| Fibonacci | 9.8105 | 9.9146 | 9.9788 | 10.0828 | 10.1869 | 10.2511 | 10.3551 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3351 | 9.5232 | 9.8229 | 10.0110 | 10.3107 | 10.4988 | 10.7985 |
| Camarilla | 9.9885 | 10.0332 | 10.0779 | 10.1226 | 10.1673 | 10.2120 | 10.2568 |
| Woodie | 9.3909 | 9.5511 | 9.8787 | 10.0389 | 10.3665 | 10.5267 | 10.8543 |
| Fibonacci | 9.5232 | 9.7095 | 9.8247 | 10.0110 | 10.1973 | 10.3125 | 10.4988 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3703 | 8.6696 | 9.1985 | 9.4978 | 10.0267 | 10.3260 | 10.8549 |
| Camarilla | 9.4997 | 9.5756 | 9.6515 | 9.7274 | 9.8033 | 9.8792 | 9.9552 |
| Woodie | 8.4851 | 8.7270 | 9.3133 | 9.5552 | 10.1415 | 10.3834 | 10.9697 |
| Fibonacci | 8.6696 | 8.9860 | 9.1814 | 9.4978 | 9.8142 | 10.0096 | 10.3260 |
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): | 27.98 | |
| MACD (12,26,9): | -0.0385 | |
| Directional Movement: | -23.7221 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 9.9602 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1250 | |
| Elder Ray (13): | -0.1219 | |
| Super Trend (3,10): | 10.0592 | |
| Zig ZAG (10): | 9.7652 | |
| VORTEX (21): | 0.7806 | |
| Stochastique (14,3,5): | 20.31 | |
| TEMA (21): | 9.8999 | |
| Williams %R (14): | -96.27 | |
| Chande Momentum Oscillator (20): | -0.3697 | |
| Repulse (5,40,3): | -2.6751 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0075 | |
| Courbe Coppock: | 4.02 |
| MA7: | 9.8934 | |
| MA20: | 9.5892 | |
| MA50: | 9.2279 | |
| MA100: | 8.7007 | |
| MAexp7: | 9.9272 | |
| MAexp20: | 9.9990 | |
| MAexp50: | 9.9949 | |
| MAexp100: | 9.9449 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +2.69% | |
| Price / MA50: | +6.71% | |
| Price / MA100: | +13.18% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -1.52% | |
| Price / MAexp50: | -1.48% | |
| Price / MAexp100: | -0.98% |
Quotes :
2020-11-09 07:47:47
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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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