EUR/TRY - 1H - Technical analysis published on 03/18/2020 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 7.0612 TRY
My targets
7.0166 TRY (-0.0108)
6.9690 TRY (-0.0584)
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 7.0612 TRY. The next support located at 7.0166 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 6.9690 TRY. Below this support, sellers could then target 6.9096 TRY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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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 7.0274 TRY. On the day, this instrument gained -0.32% and was between 7.0098 TRY and 7.1239 TRY. This implies that the price is at +0.25% from its lowest and at -1.35% from its highest.7.0098
7.1239
7.0274
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 EUR/TRY in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
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.
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 | 6.8680 | 6.9096 | 6.9690 | 7.0274 | 7.0612 | 7.0918 | 7.1679 |
| Change (%) | -2.27% | -1.68% | -0.83% | - | +0.48% | +0.92% | +2.00% |
| Change | -0.1594 | -0.1178 | -0.0584 | - | +0.0338 | +0.0644 | +0.1405 |
| Level | Minor | Major | Minor | - | Minor | Major | Minor |
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 | 6.7622 | 6.8796 | 6.9648 | 7.0822 | 7.1674 | 7.2848 | 7.3700 |
| Camarilla | 6.9943 | 7.0129 | 7.0314 | 7.0500 | 7.0686 | 7.0871 | 7.1057 |
| Woodie | 6.7461 | 6.8716 | 6.9487 | 7.0742 | 7.1513 | 7.2768 | 7.3539 |
| Fibonacci | 6.8796 | 6.9570 | 7.0048 | 7.0822 | 7.1596 | 7.2074 | 7.2848 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7699 | 6.8460 | 6.9405 | 7.0166 | 7.1111 | 7.1872 | 7.2817 |
| Camarilla | 6.9880 | 7.0036 | 7.0193 | 7.0349 | 7.0505 | 7.0662 | 7.0818 |
| Woodie | 6.7790 | 6.8506 | 6.9496 | 7.0212 | 7.1202 | 7.1918 | 7.2908 |
| Fibonacci | 6.8460 | 6.9112 | 6.9515 | 7.0166 | 7.0818 | 7.1221 | 7.1872 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.29 | |
| MACD (12,26,9): | -0.0133 | |
| Directional Movement: | -14.5281 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 7.0501 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1098 | |
| Elder Ray (13): | -0.0396 | |
| Super Trend (3,10): | 7.1028 | |
| Zig ZAG (10): | 7.0270 | |
| VORTEX (21): | 0.9679 | |
| Stochastique (14,3,5): | 4.98 | |
| TEMA (21): | 7.0427 | |
| Williams %R (14): | -93.78 | |
| Chande Momentum Oscillator (20): | -0.0387 | |
| Repulse (5,40,3): | -0.6838 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0212 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.0462 | |
| MA20: | 6.8751 | |
| MA50: | 6.6882 | |
| MA100: | 6.5724 | |
| MAexp7: | 7.0480 | |
| MAexp20: | 7.0667 | |
| MAexp50: | 7.0816 | |
| MAexp100: | 7.0705 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | +5.07% | |
| Price / MA100: | +6.92% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -0.61% |
This member declared not having a position on this financial instrument or a related financial instrument.
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