EUR/TRY - 1H - Technical analysis published on 01/31/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 6.6052 TRY
My targets
6.6490 TRY (+0.0303)
6.6842 TRY (+0.0655)
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 6.6052 TRY. The buyers” bullish objective is set at 6.6490 TRY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.6842 TRY. If there is any crossing, the next objective would be the resistance located at 6.8430 TRY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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
EUR/TRY rating 6.6187 TRY. The price registered an increase of +0.39% on the session with the lowest point at 6.5858 TRY and the highest point at 6.6228 TRY. The deviation from the price is +0.50% for the low point and -0.06% for the high point.6.5858
6.6228
6.6187
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. The overall trend is supported by the strong bullish signals from 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 strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.5837 | 6.5954 | 6.6052 | 6.6187 | 6.6842 | 6.8430 | 6.9096 |
| Change (%) | -0.53% | -0.35% | -0.20% | - | +0.99% | +3.39% | +4.40% |
| Change | -0.0350 | -0.0233 | -0.0135 | - | +0.0655 | +0.2243 | +0.2909 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 | 6.5260 | 6.5443 | 6.5686 | 6.5869 | 6.6112 | 6.6295 | 6.6538 |
| Camarilla | 6.5812 | 6.5851 | 6.5890 | 6.5929 | 6.5968 | 6.6007 | 6.6046 |
| Woodie | 6.5290 | 6.5458 | 6.5716 | 6.5884 | 6.6142 | 6.6310 | 6.6568 |
| Fibonacci | 6.5443 | 6.5606 | 6.5706 | 6.5869 | 6.6032 | 6.6132 | 6.6295 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4558 | 6.4934 | 6.5202 | 6.5578 | 6.5846 | 6.6222 | 6.6490 |
| Camarilla | 6.5293 | 6.5352 | 6.5411 | 6.5470 | 6.5529 | 6.5588 | 6.5647 |
| Woodie | 6.4504 | 6.4907 | 6.5148 | 6.5551 | 6.5792 | 6.6195 | 6.6436 |
| Fibonacci | 6.4934 | 6.5180 | 6.5332 | 6.5578 | 6.5824 | 6.5976 | 6.6222 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0632 | 6.1918 | 6.4318 | 6.5604 | 6.8004 | 6.9290 | 7.1690 |
| Camarilla | 6.5703 | 6.6041 | 6.6379 | 6.6717 | 6.7055 | 6.7393 | 6.7731 |
| Woodie | 6.1188 | 6.2197 | 6.4874 | 6.5883 | 6.8560 | 6.9569 | 7.2246 |
| Fibonacci | 6.1918 | 6.3326 | 6.4196 | 6.5604 | 6.7012 | 6.7882 | 6.9290 |
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): | 72.40 | |
| MACD (12,26,9): | 0.0079 | |
| Directional Movement: | 18.8279 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 6.6107 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5908 | |
| Elder Ray (13): | 0.0124 | |
| Super Trend (3,10): | 6.5920 | |
| Zig ZAG (10): | 6.6183 | |
| VORTEX (21): | 1.0972 | |
| Stochastique (14,3,5): | 91.81 | |
| TEMA (21): | 6.6125 | |
| Williams %R (14): | -9.73 | |
| Chande Momentum Oscillator (20): | 0.0261 | |
| Repulse (5,40,3): | 0.1756 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0125 | |
| Courbe Coppock: | 0.49 |
| MA7: | 6.5673 | |
| MA20: | 6.5680 | |
| MA50: | 6.5273 | |
| MA100: | 6.4413 | |
| MAexp7: | 6.6098 | |
| MAexp20: | 6.6008 | |
| MAexp50: | 6.5875 | |
| MAexp100: | 6.5758 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +1.40% | |
| Price / MA100: | +2.75% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.66% |
This member declared not having a position on this financial instrument or a related financial instrument.
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