EUR/TRY - 1H - Technical analysis published on 01/21/2021 (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:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 8.9891 TRY
My targets
8.9511 TRY (-0.0170)
8.9171 TRY (-0.0510)
My analysis
EUR/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 8.9891 TRY. The next support located at 8.9511 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 8.9171 TRY. Below this support, sellers could then target 8.4910 TRY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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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 8.9681 TRY. On the day, this instrument lost -0.17% with the lowest point at 8.9610 TRY and the highest point at 9.0059 TRY. The deviation from the price is +0.08% for the low point and -0.42% for the high point.8.9610
9.0059
8.9681
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/TRY indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.4910 | 8.9171 | 8.9511 | 8.9681 | 8.9891 | 9.0221 | 9.0767 |
| Change (%) | -5.32% | -0.57% | -0.19% | - | +0.23% | +0.60% | +1.21% |
| Change | -0.4771 | -0.0510 | -0.0170 | - | +0.0210 | +0.0540 | +0.1086 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 8.7920 | 8.8668 | 8.9250 | 8.9998 | 9.0580 | 9.1328 | 9.1910 |
| Camarilla | 8.9465 | 8.9587 | 8.9709 | 8.9831 | 8.9953 | 9.0075 | 9.0197 |
| Woodie | 8.7836 | 8.8627 | 8.9166 | 8.9957 | 9.0496 | 9.1287 | 9.1826 |
| Fibonacci | 8.8668 | 8.9176 | 8.9490 | 8.9998 | 9.0506 | 9.0820 | 9.1328 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6820 | 8.7995 | 8.9033 | 9.0208 | 9.1246 | 9.2421 | 9.3459 |
| Camarilla | 8.9461 | 8.9664 | 8.9867 | 9.0070 | 9.0273 | 9.0476 | 9.0679 |
| Woodie | 8.6751 | 8.7961 | 8.8964 | 9.0174 | 9.1177 | 9.2387 | 9.3390 |
| Fibonacci | 8.7995 | 8.8841 | 8.9363 | 9.0208 | 9.1054 | 9.1576 | 9.2421 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0096 | 8.4819 | 8.7876 | 9.2599 | 9.5656 | 10.0379 | 10.3436 |
| Camarilla | 8.8793 | 8.9506 | 9.0219 | 9.0932 | 9.1645 | 9.2358 | 9.3072 |
| Woodie | 7.9262 | 8.4403 | 8.7042 | 9.2183 | 9.4822 | 9.9963 | 10.2602 |
| Fibonacci | 8.4819 | 8.7791 | 8.9627 | 9.2599 | 9.5571 | 9.7407 | 10.0379 |
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): | 37.04 | |
| MACD (12,26,9): | -0.0102 | |
| Directional Movement: | -11.5615 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 8.9792 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.0050 | |
| Elder Ray (13): | -0.0131 | |
| Super Trend (3,10): | 9.0251 | |
| Zig ZAG (10): | 8.9730 | |
| VORTEX (21): | 0.8935 | |
| Stochastique (14,3,5): | 58.99 | |
| TEMA (21): | 8.9792 | |
| Williams %R (14): | -59.60 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | -0.1503 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0212 | |
| Courbe Coppock: | 0.19 |
| MA7: | 9.0043 | |
| MA20: | 9.0652 | |
| MA50: | 9.2369 | |
| MA100: | 9.2386 | |
| MAexp7: | 8.9866 | |
| MAexp20: | 8.9952 | |
| MAexp50: | 9.0104 | |
| MAexp100: | 9.0172 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -2.91% | |
| Price / MA100: | -2.93% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -0.53% |
Quotes :
2021-01-21 08:03:19
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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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