EUR/TRY - 1H - Technical analysis published on 03/04/2020 (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 bearish
De fond:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 6.7935 TRY
My targets
6.7455 TRY (-0.0272)
6.6830 TRY (-0.0897)
My analysis
EUR/TRY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.7935 TRY. The next support located at 6.7455 TRY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.6830 TRY. Below this support, sellers could then target 6.5915 TRY.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
6.1
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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 6.7727 TRY. On the day, this instrument gained -0.87% and was traded between 6.7668 TRY and 6.8536 TRY over the period. The price is currently at +0.09% from its lowest and -1.18% from its highest.6.7668
6.8536
6.7727
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/TRY:
Technical
Technical analysis of this 1H chart of EUR/TRY indicates that the overall trend is bearish. The signals given by moving averages are 75% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 6.5915 | 6.6830 | 6.7455 | 6.7727 | 6.8495 | 6.9096 | 6.9557 |
| Change (%) | -2.68% | -1.32% | -0.40% | - | +1.13% | +2.02% | +2.70% |
| Change | -0.1812 | -0.0897 | -0.0272 | - | +0.0768 | +0.1369 | +0.1830 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5671 | 6.6565 | 6.7444 | 6.8338 | 6.9217 | 7.0111 | 7.0990 |
| Camarilla | 6.7834 | 6.7997 | 6.8160 | 6.8322 | 6.8485 | 6.8647 | 6.8810 |
| Woodie | 6.5663 | 6.6561 | 6.7436 | 6.8334 | 6.9209 | 7.0107 | 7.0982 |
| Fibonacci | 6.6565 | 6.7243 | 6.7661 | 6.8338 | 6.9016 | 6.9434 | 7.0111 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3525 | 6.4712 | 6.6748 | 6.7935 | 6.9971 | 7.1158 | 7.3194 |
| Camarilla | 6.7898 | 6.8193 | 6.8489 | 6.8784 | 6.9079 | 6.9375 | 6.9670 |
| Woodie | 6.3950 | 6.4924 | 6.7173 | 6.8147 | 7.0396 | 7.1370 | 7.3619 |
| Fibonacci | 6.4712 | 6.5943 | 6.6704 | 6.7935 | 6.9166 | 6.9927 | 7.1158 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2633 | 6.3999 | 6.6391 | 6.7757 | 7.0149 | 7.1515 | 7.3907 |
| Camarilla | 6.7751 | 6.8095 | 6.8440 | 6.8784 | 6.9129 | 6.9473 | 6.9818 |
| Woodie | 6.3147 | 6.4256 | 6.6905 | 6.8014 | 7.0663 | 7.1772 | 7.4421 |
| Fibonacci | 6.3999 | 6.5434 | 6.6321 | 6.7757 | 6.9192 | 7.0079 | 7.1515 |
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): | 34.93 | |
| MACD (12,26,9): | -0.0203 | |
| Directional Movement: | -14.3858 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 6.7861 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8485 | |
| Elder Ray (13): | -0.0223 | |
| Super Trend (3,10): | 6.8479 | |
| Zig ZAG (10): | 6.7772 | |
| VORTEX (21): | 0.9984 | |
| Stochastique (14,3,5): | 8.68 | |
| TEMA (21): | 6.7770 | |
| Williams %R (14): | -90.21 | |
| Chande Momentum Oscillator (20): | -0.0538 | |
| Repulse (5,40,3): | -0.3030 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0361 | |
| Courbe Coppock: | 1.01 |
| MA7: | 6.7993 | |
| MA20: | 6.6534 | |
| MA50: | 6.6162 | |
| MA100: | 6.5139 | |
| MAexp7: | 6.7858 | |
| MAexp20: | 6.8115 | |
| MAexp50: | 6.8353 | |
| MAexp100: | 6.8246 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | +1.79% | |
| Price / MA50: | +2.37% | |
| Price / MA100: | +3.97% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -0.92% | |
| Price / MAexp100: | -0.76% |
This member declared not having a position on this financial instrument or a related financial instrument.
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