EUR/TRY - 1H - Technical analysis published on 11/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 19.3565 TRY
My targets
19.4303 TRY (+0.0398)
19.5025 TRY (+0.1120)
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 19.3565 TRY. The next resistance located at 19.4303 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 19.5025 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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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 price is 19.3905 TRY. The price is lower by -0.02% since the last closing and was between 19.3437 TRY and 19.4505 TRY. This implies that the price is at +0.24% from its lowest and at -0.31% from its highest.19.3437
19.4505
19.3905
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 19.1836 | 19.2754 | 19.3565 | 19.3905 | 19.4303 | 19.5025 |
| Change (%) | -1.07% | -0.59% | -0.18% | - | +0.21% | +0.58% |
| Change | -0.2069 | -0.1151 | -0.0340 | - | +0.0398 | +0.1120 |
| Level | Major | Minor | Minor | - | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0248 | 19.1019 | 19.2480 | 19.3251 | 19.4712 | 19.5483 | 19.6944 |
| Camarilla | 19.3327 | 19.3532 | 19.3736 | 19.3941 | 19.4146 | 19.4350 | 19.4555 |
| Woodie | 19.0593 | 19.1192 | 19.2825 | 19.3424 | 19.5057 | 19.5656 | 19.7289 |
| Fibonacci | 19.1019 | 19.1872 | 19.2398 | 19.3251 | 19.4104 | 19.4630 | 19.5483 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.6661 | 18.8892 | 19.0564 | 19.2795 | 19.4467 | 19.6698 | 19.8370 |
| Camarilla | 19.1164 | 19.1522 | 19.1879 | 19.2237 | 19.2595 | 19.2953 | 19.3310 |
| Woodie | 18.6383 | 18.8752 | 19.0286 | 19.2655 | 19.4189 | 19.6558 | 19.8092 |
| Fibonacci | 18.8892 | 19.0383 | 19.1304 | 19.2795 | 19.4286 | 19.5207 | 19.6698 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.0508 | 17.4766 | 17.9422 | 18.3680 | 18.8336 | 19.2594 | 19.7250 |
| Camarilla | 18.1627 | 18.2444 | 18.3261 | 18.4078 | 18.4895 | 18.5712 | 18.6529 |
| Woodie | 17.0707 | 17.4866 | 17.9621 | 18.3780 | 18.8535 | 19.2694 | 19.7449 |
| Fibonacci | 17.4766 | 17.8171 | 18.0275 | 18.3680 | 18.7085 | 18.9189 | 19.2594 |
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): | 55.89 | |
| MACD (12,26,9): | 0.0370 | |
| Directional Movement: | 6.1017 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 19.4269 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.4408 | |
| Elder Ray (13): | -0.0206 | |
| Super Trend (3,10): | 19.3309 | |
| Zig ZAG (10): | 19.3813 | |
| VORTEX (21): | 1.1330 | |
| Stochastique (14,3,5): | 43.23 | |
| TEMA (21): | 19.4238 | |
| Williams %R (14): | -61.42 | |
| Chande Momentum Oscillator (20): | -0.0092 | |
| Repulse (5,40,3): | -0.0582 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0369 | |
| Courbe Coppock: | 0.57 |
| MA7: | 19.2683 | |
| MA20: | 18.8706 | |
| MA50: | 18.4624 | |
| MA100: | 18.2886 | |
| MAexp7: | 19.3961 | |
| MAexp20: | 19.3714 | |
| MAexp50: | 19.2998 | |
| MAexp100: | 19.2496 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +2.76% | |
| Price / MA50: | +5.03% | |
| Price / MA100: | +6.03% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.73% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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