EUR/TRY - 1H - Technical analysis published on 08/31/2021 (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 bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 9.8814 TRY
My targets
9.8405 TRY (-0.0177)
9.8251 TRY (-0.0331)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/TRY, which is a positive signal for sellers. As long as the price remains above 9.8814 TRY, a sale could be considered. The first bearish objective is located at 9.8405 TRY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.8251 TRY as an objective. Crossing it would then enable sellers to target 9.5812 TRY. If the price were to return above 9.8814 TRY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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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 9.8582 TRY. The price is lower by -0.28% since the last closing with the lowest point at 9.8578 TRY and the highest point at 9.9225 TRY. The deviation from the price is +0.00% for the low point and -0.65% for the high point.9.8578
9.9225
9.8582
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 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 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.5812 | 9.8251 | 9.8405 | 9.8582 | 9.8654 | 9.8814 | 9.9067 |
| Change (%) | -2.81% | -0.34% | -0.18% | - | +0.07% | +0.24% | +0.49% |
| Change | -0.2770 | -0.0331 | -0.0177 | - | +0.0072 | +0.0232 | +0.0485 |
| Level | Intermediate | Major | Minor | - | Minor | 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 | 9.7637 | 9.7964 | 9.8413 | 9.8740 | 9.9189 | 9.9516 | 9.9965 |
| Camarilla | 9.8649 | 9.8720 | 9.8791 | 9.8862 | 9.8933 | 9.9004 | 9.9075 |
| Woodie | 9.7698 | 9.7995 | 9.8474 | 9.8771 | 9.9250 | 9.9547 | 10.0026 |
| Fibonacci | 9.7964 | 9.8260 | 9.8444 | 9.8740 | 9.9036 | 9.9220 | 9.9516 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6436 | 9.7339 | 9.7947 | 9.8850 | 9.9458 | 10.0361 | 10.0969 |
| Camarilla | 9.8141 | 9.8279 | 9.8418 | 9.8556 | 9.8695 | 9.8833 | 9.8972 |
| Woodie | 9.6290 | 9.7265 | 9.7801 | 9.8776 | 9.9312 | 10.0287 | 10.0823 |
| Fibonacci | 9.7339 | 9.7916 | 9.8273 | 9.8850 | 9.9427 | 9.9784 | 10.0361 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5372 | 9.7559 | 9.8946 | 10.1133 | 10.2520 | 10.4707 | 10.6094 |
| Camarilla | 9.9349 | 9.9677 | 10.0004 | 10.0332 | 10.0660 | 10.0987 | 10.1315 |
| Woodie | 9.4971 | 9.7359 | 9.8545 | 10.0933 | 10.2119 | 10.4507 | 10.5693 |
| Fibonacci | 9.7559 | 9.8925 | 9.9768 | 10.1133 | 10.2499 | 10.3342 | 10.4707 |
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): | 42.32 | |
| MACD (12,26,9): | 0.0056 | |
| Directional Movement: | -12.3846 | |
| AROON (14): | 0 | |
| DEMA (21): | 9.8941 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.9112 | |
| Elder Ray (13): | 0.0142 | |
| Super Trend (3,10): | 9.8715 | |
| Zig ZAG (10): | 9.8972 | |
| VORTEX (21): | 1.1841 | |
| Stochastique (14,3,5): | 83.85 | |
| TEMA (21): | 9.9052 | |
| Williams %R (14): | -19.06 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | 0.0594 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0117 | |
| Courbe Coppock: | 0.29 |
| MA7: | 9.8813 | |
| MA20: | 9.9771 | |
| MA50: | 10.1056 | |
| MA100: | 10.1408 | |
| MAexp7: | 9.9003 | |
| MAexp20: | 9.8870 | |
| MAexp50: | 9.8785 | |
| MAexp100: | 9.8784 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -1.19% | |
| Price / MA50: | -2.45% | |
| Price / MA100: | -2.79% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.20% |
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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