EUR/TRY - 1H - Technical analysis published on 07/24/2022 (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
56%
6%
39%
My opinion
Bullish above 18.0561 TRY
My targets
18.1870 TRY (+0.0298)
18.3854 TRY (+0.2282)
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 18.0561 TRY. The buyers' bullish objective is set at 18.1870 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.3854 TRY. If there is any crossing, the next objective would be the resistance located at 18.8617 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/TRY rating is 18.1572 TRY. The price registered an increase of +0.26% on the session and was traded between 18.0863 TRY and 18.1572 TRY over the period. The price is currently at +0.39% from its lowest and 0% from its highest.18.0863
18.1572
18.1572
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/TRY:
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 this 1H chart of EUR/TRY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly 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.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17.6425 | 17.8607 | 18.0561 | 18.1572 | 18.1870 | 18.8617 |
| Change (%) | -2.83% | -1.63% | -0.56% | - | +0.16% | +3.88% |
| Change | -0.5147 | -0.2965 | -0.1011 | - | +0.0298 | +0.7045 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major |
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 | 17.7890 | 17.8833 | 17.9968 | 18.0911 | 18.2046 | 18.2989 | 18.4124 |
| Camarilla | 18.0533 | 18.0723 | 18.0914 | 18.1104 | 18.1295 | 18.1485 | 18.1676 |
| Woodie | 17.7987 | 17.8881 | 18.0065 | 18.0959 | 18.2143 | 18.3037 | 18.4221 |
| Fibonacci | 17.8833 | 17.9627 | 18.0117 | 18.0911 | 18.1705 | 18.2195 | 18.2989 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.8904 | 17.1653 | 17.6379 | 17.9128 | 18.3854 | 18.6603 | 19.1329 |
| Camarilla | 17.9048 | 17.9734 | 18.0419 | 18.1104 | 18.1789 | 18.2474 | 18.3160 |
| Woodie | 16.9892 | 17.2147 | 17.7367 | 17.9622 | 18.4842 | 18.7097 | 19.2317 |
| Fibonacci | 17.1653 | 17.4509 | 17.6273 | 17.9128 | 18.1984 | 18.3748 | 18.6603 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.1003 | 16.0066 | 16.7518 | 17.6581 | 18.4033 | 19.3096 | 20.0548 |
| Camarilla | 17.0428 | 17.1942 | 17.3456 | 17.4970 | 17.6484 | 17.7998 | 17.9512 |
| Woodie | 15.0198 | 15.9663 | 16.6713 | 17.6178 | 18.3228 | 19.2693 | 19.9743 |
| Fibonacci | 16.0066 | 16.6375 | 17.0272 | 17.6581 | 18.2890 | 18.6787 | 19.3096 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.49 | |
| MACD (12,26,9): | 0.0219 | |
| Directional Movement: | -1.7394 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 18.1250 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.0608 | |
| Elder Ray (13): | 0.0094 | |
| Super Trend (3,10): | 17.9664 | |
| Zig ZAG (10): | 18.1104 | |
| VORTEX (21): | 0.9882 | |
| Stochastique (14,3,5): | 63.81 | |
| TEMA (21): | 18.1258 | |
| Williams %R (14): | -36.05 | |
| Chande Momentum Oscillator (20): | 0.0816 | |
| Repulse (5,40,3): | -0.0177 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0156 | |
| Courbe Coppock: | 0.68 |
| MA7: | 17.8407 | |
| MA20: | 17.6063 | |
| MA50: | 17.6457 | |
| MA100: | 16.8244 | |
| MAexp7: | 18.1173 | |
| MAexp20: | 18.0960 | |
| MAexp50: | 18.0482 | |
| MAexp100: | 17.9586 | |
| Price / MA7: | +1.77% | |
| Price / MA20: | +3.13% | |
| Price / MA50: | +2.90% | |
| Price / MA100: | +7.92% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.11% |
Quotes :
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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.
About author
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