USD/TRY - 1H - Technical analysis published on 03/02/2021 (GMT)
- 277
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Neutral between 7.2879 TRY and 7.3937 TRY
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on USD/TRY. It is difficult to advise a trading direction under these conditions. The first resistance is located at 7.3937 TRY. The first support is located at 7.2879 TRY. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 USD/TRY rating is 7.3107 TRY. On the day, this instrument gained +0.41% with the lowest point at 7.2748 TRY and the highest point at 7.3526 TRY. The deviation from the price is +0.49% for the low point and -0.57% for the high point.7.2748
7.3526
7.3107
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 USD/TRY chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 7.1555 | 7.2207 | 7.3075 | 7.3107 | 7.3937 | 7.4836 | 7.7987 |
| Change (%) | -2.12% | -1.23% | -0.04% | - | +1.14% | +2.37% | +6.68% |
| Change | -0.1552 | -0.0900 | -0.0032 | - | +0.0830 | +0.1729 | +0.4880 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
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 | 6.9883 | 7.1045 | 7.1926 | 7.3088 | 7.3969 | 7.5131 | 7.6012 |
| Camarilla | 7.2245 | 7.2432 | 7.2620 | 7.2807 | 7.2994 | 7.3182 | 7.3369 |
| Woodie | 6.9743 | 7.0975 | 7.1786 | 7.3018 | 7.3829 | 7.5061 | 7.5872 |
| Fibonacci | 7.1045 | 7.1825 | 7.2308 | 7.3088 | 7.3868 | 7.4351 | 7.5131 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5527 | 6.7504 | 7.0902 | 7.2879 | 7.6277 | 7.8254 | 8.1652 |
| Camarilla | 7.2823 | 7.3316 | 7.3808 | 7.4301 | 7.4794 | 7.5286 | 7.5779 |
| Woodie | 6.6239 | 6.7859 | 7.1614 | 7.3234 | 7.6989 | 7.8609 | 8.2364 |
| Fibonacci | 6.7504 | 6.9557 | 7.0825 | 7.2879 | 7.4932 | 7.6200 | 7.8254 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4587 | 6.6752 | 7.0526 | 7.2691 | 7.6465 | 7.8630 | 8.2404 |
| Camarilla | 7.2668 | 7.3212 | 7.3757 | 7.4301 | 7.4845 | 7.5390 | 7.5934 |
| Woodie | 6.5393 | 6.7154 | 7.1332 | 7.3093 | 7.7271 | 7.9032 | 8.3210 |
| Fibonacci | 6.6752 | 6.9020 | 7.0422 | 7.2691 | 7.4959 | 7.6361 | 7.8630 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.30 | |
| MACD (12,26,9): | -0.0062 | |
| Directional Movement: | 11.4587 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 7.2901 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.2670 | |
| Elder Ray (13): | 0.0242 | |
| Super Trend (3,10): | 7.3522 | |
| Zig ZAG (10): | 7.3328 | |
| VORTEX (21): | 1.0690 | |
| Stochastique (14,3,5): | 85.77 | |
| TEMA (21): | 7.2943 | |
| Williams %R (14): | -28.68 | |
| Chande Momentum Oscillator (20): | 0.0370 | |
| Repulse (5,40,3): | 0.5056 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0335 | |
| Courbe Coppock: | 0.81 |
| MA7: | 7.2395 | |
| MA20: | 7.1088 | |
| MA50: | 7.2943 | |
| MA100: | 7.6161 | |
| MAexp7: | 7.3039 | |
| MAexp20: | 7.3031 | |
| MAexp50: | 7.3114 | |
| MAexp100: | 7.2732 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | +2.84% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | -4.01% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.52% |
Quotes :
2021-03-02 08:10:53
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Real time data
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Forex
News
The last news published on USD/TRY at the time of the generation of this analysis was as follows:
Upside Potential For USD/TRYThis member declared not having a position on this financial instrument or a related financial instrument.
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