EUR/TRY - 1H - Technical analysis published on 06/03/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 10.4755 TRY
My targets
10.5889 TRY (+0.0803)
10.6948 TRY (+0.1862)
My analysis
EUR/TRY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.4755 TRY. The next resistance located at 10.5889 TRY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.6948 TRY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 10.5086 TRY. The price has increased by +0.14% since the last closing with the lowest point at 10.4748 TRY and the highest point at 10.5151 TRY. The deviation from the price is +0.32% for the low point and -0.06% for the high point.10.4748
10.5151
10.5086
Here is a more detailed summary of the historical variations registered by EUR/TRY:
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 a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.3277 | 10.3887 | 10.4755 | 10.5086 | 10.5889 | 10.6948 |
| Change (%) | -1.72% | -1.14% | -0.31% | - | +0.76% | +1.77% |
| Change | -0.1809 | -0.1199 | -0.0331 | - | +0.0803 | +0.1862 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.2778 | 10.3590 | 10.4266 | 10.5078 | 10.5754 | 10.6566 | 10.7242 |
| Camarilla | 10.4534 | 10.4670 | 10.4807 | 10.4943 | 10.5079 | 10.5216 | 10.5352 |
| Woodie | 10.2711 | 10.3556 | 10.4199 | 10.5044 | 10.5687 | 10.6532 | 10.7175 |
| Fibonacci | 10.3590 | 10.4158 | 10.4509 | 10.5078 | 10.5646 | 10.5997 | 10.6566 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9967 | 10.1015 | 10.2660 | 10.3708 | 10.5353 | 10.6401 | 10.8046 |
| Camarilla | 10.3565 | 10.3812 | 10.4059 | 10.4306 | 10.4553 | 10.4800 | 10.5047 |
| Woodie | 10.0267 | 10.1164 | 10.2960 | 10.3857 | 10.5653 | 10.6550 | 10.8346 |
| Fibonacci | 10.1015 | 10.2043 | 10.2679 | 10.3708 | 10.4736 | 10.5372 | 10.6401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5244 | 9.7321 | 10.0601 | 10.2678 | 10.5958 | 10.8035 | 11.1315 |
| Camarilla | 10.2408 | 10.2899 | 10.3390 | 10.3881 | 10.4372 | 10.4863 | 10.5354 |
| Woodie | 9.5846 | 9.7622 | 10.1203 | 10.2979 | 10.6560 | 10.8336 | 11.1917 |
| Fibonacci | 9.7321 | 9.9367 | 10.0632 | 10.2678 | 10.4724 | 10.5989 | 10.8035 |
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): | 52.66 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 8.0239 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 10.4947 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.5599 | |
| Elder Ray (13): | 0.0044 | |
| Super Trend (3,10): | 10.4315 | |
| Zig ZAG (10): | 10.4956 | |
| VORTEX (21): | 0.9577 | |
| Stochastique (14,3,5): | 40.40 | |
| TEMA (21): | 10.4878 | |
| Williams %R (14): | -30.27 | |
| Chande Momentum Oscillator (20): | 0.0079 | |
| Repulse (5,40,3): | 0.3429 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0041 | |
| Courbe Coppock: | 0.05 |
| MA7: | 10.4329 | |
| MA20: | 10.2794 | |
| MA50: | 9.9903 | |
| MA100: | 9.4148 | |
| MAexp7: | 10.4890 | |
| MAexp20: | 10.4915 | |
| MAexp50: | 10.4754 | |
| MAexp100: | 10.4428 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +2.23% | |
| Price / MA50: | +5.19% | |
| Price / MA100: | +11.62% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.63% |
Quotes :
-
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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