EUR/TRY - 1H - Technical analysis published on 12/01/2020 (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:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 9.4210 TRY
My targets
9.4767 TRY (+0.0305)
9.5494 TRY (+0.1032)
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 9.4210 TRY. The buyers” bullish objective is set at 9.4767 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.5494 TRY. If there is any crossing, the next objective would be the resistance located at 10.1226 TRY.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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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 price is 9.4462 TRY. The price has increased by +1.04% since the last closing with the lowest point at 9.3259 TRY and the highest point at 9.4810 TRY. The deviation from the price is +1.29% for the low point and -0.37% for the high point.9.3259
9.4810
9.4462
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 EUR/TRY:
Near a new LOW record (1 month)
Type : Bearish
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. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.2579 | 9.3477 | 9.4210 | 9.4462 | 9.5494 | 10.1226 |
| Change (%) | -1.99% | -1.04% | -0.27% | - | +1.09% | +7.16% |
| Change | -0.1883 | -0.0985 | -0.0252 | - | +0.1032 | +0.6764 |
| Level | Major | Minor | Minor | - | Intermediate | 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 | 9.1349 | 9.2052 | 9.2770 | 9.3473 | 9.4191 | 9.4894 | 9.5612 |
| Camarilla | 9.3097 | 9.3228 | 9.3358 | 9.3488 | 9.3618 | 9.3749 | 9.3879 |
| Woodie | 9.1357 | 9.2056 | 9.2778 | 9.3477 | 9.4199 | 9.4898 | 9.5620 |
| Fibonacci | 9.2052 | 9.2595 | 9.2930 | 9.3473 | 9.4016 | 9.4351 | 9.4894 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6139 | 8.8366 | 9.1051 | 9.3278 | 9.5963 | 9.8190 | 10.0875 |
| Camarilla | 9.2384 | 9.2835 | 9.3285 | 9.3735 | 9.4185 | 9.4636 | 9.5086 |
| Woodie | 8.6367 | 8.8481 | 9.1279 | 9.3393 | 9.6191 | 9.8305 | 10.1103 |
| Fibonacci | 8.8366 | 9.0243 | 9.1402 | 9.3278 | 9.5155 | 9.6314 | 9.8190 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4374 | 8.1598 | 8.7543 | 9.4767 | 10.0712 | 10.7936 | 11.3881 |
| Camarilla | 8.9867 | 9.1074 | 9.2281 | 9.3488 | 9.4695 | 9.5902 | 9.7110 |
| Woodie | 7.3735 | 8.1278 | 8.6904 | 9.4447 | 10.0073 | 10.7616 | 11.3242 |
| Fibonacci | 8.1598 | 8.6629 | 8.9736 | 9.4767 | 9.9798 | 10.2905 | 10.7936 |
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): | 60.81 | |
| MACD (12,26,9): | 0.0175 | |
| Directional Movement: | 7.7274 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 9.4081 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.3720 | |
| Elder Ray (13): | 0.0158 | |
| Super Trend (3,10): | 9.3501 | |
| Zig ZAG (10): | 9.4162 | |
| VORTEX (21): | 1.1208 | |
| Stochastique (14,3,5): | 62.13 | |
| TEMA (21): | 9.4258 | |
| Williams %R (14): | -36.04 | |
| Chande Momentum Oscillator (20): | 0.0631 | |
| Repulse (5,40,3): | 0.4157 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0197 | |
| Courbe Coppock: | 1.42 |
| MA7: | 9.4106 | |
| MA20: | 9.3899 | |
| MA50: | 9.3527 | |
| MA100: | 8.9430 | |
| MAexp7: | 9.4285 | |
| MAexp20: | 9.3898 | |
| MAexp50: | 9.3768 | |
| MAexp100: | 9.3682 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | +1.00% | |
| Price / MA100: | +5.63% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +0.83% |
Quotes :
2020-12-01 16:40:39
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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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