EUR/TRY - 1H - Technical analysis published on 03/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 8.9511 TRY
My targets
9.0480 TRY (+0.0598)
9.0981 TRY (+0.1099)
My analysis
The basic bullish trend is very strong on EUR/TRY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 8.9511 TRY. Crossing the first resistance at 9.0480 TRY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 9.0981 TRY as an objective. Crossing it would then enable buyers to target 9.3479 TRY. Caution, a return to below 8.9511 TRY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.9
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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 price is 8.9882 TRY. On the day, this instrument lost -0.21% and was between 8.9662 TRY and 9.0336 TRY. This implies that the price is at +0.25% from its lowest and at -0.50% from its highest.8.9662
9.0336
8.9882
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/TRY chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
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 this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.7001 | 8.7932 | 8.9511 | 8.9882 | 9.0480 | 9.0981 | 9.3479 |
| Change (%) | -3.21% | -2.17% | -0.41% | - | +0.67% | +1.22% | +4.00% |
| Change | -0.2881 | -0.1950 | -0.0371 | - | +0.0598 | +0.1099 | +0.3597 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7541 | 8.8337 | 8.9203 | 8.9999 | 9.0865 | 9.1661 | 9.2527 |
| Camarilla | 8.9612 | 8.9764 | 8.9917 | 9.0069 | 9.0221 | 9.0374 | 9.0526 |
| Woodie | 8.7576 | 8.8355 | 8.9238 | 9.0017 | 9.0900 | 9.1679 | 9.2562 |
| Fibonacci | 8.8337 | 8.8972 | 8.9364 | 8.9999 | 9.0634 | 9.1026 | 9.1661 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8798 | 8.1490 | 8.5597 | 8.8289 | 9.2396 | 9.5088 | 9.9195 |
| Camarilla | 8.7834 | 8.8458 | 8.9081 | 8.9704 | 9.0327 | 9.0951 | 9.1574 |
| Woodie | 7.9506 | 8.1844 | 8.6305 | 8.8643 | 9.3104 | 9.5442 | 9.9903 |
| Fibonacci | 8.1490 | 8.4087 | 8.5692 | 8.8289 | 9.0886 | 9.2491 | 9.5088 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7670 | 8.0587 | 8.5146 | 8.8063 | 9.2622 | 9.5539 | 10.0098 |
| Camarilla | 8.7648 | 8.8333 | 8.9019 | 8.9704 | 9.0389 | 9.1075 | 9.1760 |
| Woodie | 7.8490 | 8.0998 | 8.5966 | 8.8474 | 9.3442 | 9.5950 | 10.0918 |
| Fibonacci | 8.0587 | 8.3443 | 8.5208 | 8.8063 | 9.0919 | 9.2684 | 9.5539 |
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): | 49.25 | |
| MACD (12,26,9): | 0.0092 | |
| Directional Movement: | 7.3980 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 9.0045 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.0772 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 8.9042 | |
| Zig ZAG (10): | 9.0003 | |
| VORTEX (21): | 0.9872 | |
| Stochastique (14,3,5): | 53.96 | |
| TEMA (21): | 9.0034 | |
| Williams %R (14): | -62.79 | |
| Chande Momentum Oscillator (20): | -0.0141 | |
| Repulse (5,40,3): | 0.0234 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0157 | |
| Courbe Coppock: | 0.48 |
| MA7: | 8.9369 | |
| MA20: | 8.6640 | |
| MA50: | 8.8400 | |
| MA100: | 9.1445 | |
| MAexp7: | 9.0038 | |
| MAexp20: | 8.9915 | |
| MAexp50: | 8.9649 | |
| MAexp100: | 8.9204 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +3.74% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | -1.71% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.76% |
Quotes :
2021-03-05 08:01:50
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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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